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Thursday, October 3, 2013

Cotton USA Seminar unleashes potential in textile sector




Karachi: October 3, 2013 Cotton Council International (CCI), the export promotion arm of the National Cotton Council of America organized a Cotton USA Seminar on ‘Global trends in textiles and impact of national strategies’ held in Lahore.


There were more than 50 members from the Pakistani Textile mills mainly from the Spinning sector and also from Weaving and Garments. During the Seminar speeches were made by 6 experts, covering the US Cotton, Insight on US & World Cotton Supply & Demand, Introduction of CCI, its role and Significance of USA Cotton in Pakistan, Overview of Textile & garments Industry Trends & Implications AND Pakistan Textiles & Clothing Industry Opportunities.

Mr. Mazhar Hussain Mirza from Cotton Council International (CCI) introduced the work of CCI and delivered a presentation on US Cotton Production / Trends. He said that CCI is dedicated to increase U.S. exports of cotton and cotton products. Mentioning the Global Arable land area projected scenarios, he said that the land area for cotton cultivation is likely to be limited to around 36 Million hectares (or even lower) by 2020. Specific government intervention for food crops will further constrain availability of acreage for cotton. He noted that the Cotton Production will decrease in 2013/14 to 116.4 million bales from 121.1 million bales in 2012/13.

Importantly, Pakistan was at the 4th position in the world to harvest Cotton in 2012. Mr. Mirza said that our cotton consumption has outpaced cotton production.He told that there are 25 Cotton USA Licensees in Pakistan. According to a survey ranking, US Cotton is number one in processing for 30sNe Count 2013. He highlighted the advantages and benefits of US Cotton, which supply the world’s increasing demand for natural fibres on less land and that it is very drought and heat tolerant. Its production uses a small amount of pesticides compared with other crops. He explained that theconventional raw US cotton fibre is no different than organic cotton, satisfies eco-label standards and has better efficiency with less production of wastage when making yarn out of it. He also said that modern technology minimizes environmental impact of cotton production and that the US regulatory agencies treat cotton as a food crop.

Mr. Ricky Varela from USA gave an overview for U.S. and World cotton production, supply and demand. He was of the view that after the extreme price volatility observed in 2010 and 2011, the past year has generally been characterized by a more stable price pattern. Price has traded in a narrower band and volatility has returned to more normal levels. However, it does not mean that there is not a great deal of uncertainty in the current market. Much of that uncertainty is related to China’s cotton policy and management of the cotton reserves, he said.

Mr. Khawaja Anees Mahmood, Director, Mahmood Group spoke about the significance of USA Cotton in Pakistan textile industry and ginning. Mr. Azfar Hassan, CEO - Matrix (Lahore) said that Pakistan Textile Industry is at its crossroad with all the other countriesin the region performing comparably better than us. He pointed that we need to make right choices, establish benchmarks and goals for the industry. The seminar provided an opportunity to understand the significance of US cotton in Pakistan textile industry and ginning, and unleashed Pakistan’s potential in textile sector. It was really great opportunity for the people from Textile industry to gather experiences. The presenters did an outstanding job of sharing their expertise and best of their experience with the participants and they had the opportunity to discuss benefits of Cotton USA and how important Cotton USA in our region to fulfill our production needs and customer's requirements.  The participants found the Seminar informative and worthwhile.
                                                                    
About CCI:
Cotton Council International (CCI) is the export promotion arm of the National Cotton Council of America.

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