Page 11 - November/December-2019

10 11

Cotton trading increases in Pakistani

markets inline with global trends

The cotton trading in Pakistani markets picked up in stock and dealers expect an increase in sales in the Inspiring Change 2020
mid-December as the news of the US-China trade coming days. A price increase of cotton is also
deal made investors optimistic about a pick-up in expected in the local market as the business picks Sustainability, Inspirations,
trade inline with the global markets, where trading up pace.
also picked up and an increase in future price of
cotton is also expected. High demand for quality cotton was seen in the
market, however, many buyers settled for lower Influences, Opportunities!
After the successful conclusion of the US-China grade cotton to restock at lower prices and to
trade negotiations and news of a cease fire by both replenish before a price increase. Prices in New York
sides in the trade war, world markets showed a cotton also increased in the range of US 0.61 to 1.29 As consumers become more aware and interested about a new project funded by the German govern-
positive trend and local markets also showed cents per lb. However, Indian and Chinese cotton in protecting the environment, the textile industry ment - “Sustainable Pakistan.” This project aims to
renewed optimism in trade and acceleration markets were mixed to easy. (with the stigma of being the most polluting indus- promote the Pakistani garment and fashion indus-
expected in the near future. The cotton in Pakistan try on the planet) is facing the pressure of taking try globally.
markets changed hands quickly and it is expected International market also showed an up-tick in trade concrete steps towards sustainability and promot-
to pick-up further. Local buyers were quick to claim of cotton because of the US-China trade deal. ing eco-labels. The Pakistani textile industry is The previous editions of the Inspiring Change
leading the charge into a greener tomorrow with Conference were immensely successful and not
more and more attention being given to the only raise awareness about the importance of
inclusion of sustainable processes in the textile concerted cooperation and regular interactions
production and supply chains. Sustainability in among the various branches of the textile industry,
textiles can result in more stable performance, but also facilitated this interaction as well as
efficient management system, increased pro¬fit
provided a platform for building confidence and
Textile exports rise in EU but margins, and decreased cost of production while effective communication among all textile stake-
holders.
simultaneously improvising the labour-industry
production falls relationship, reduction in environmental concerns Cutting-edge research and development is also an
and a stronger, healthier work force.
important part of the conference. These innovations
The upcoming Inspiring Change conference will have paved the way for exciting new fibres and
The World Textile and Apparel Trade and there was a rise in EU consumer expenditure on have special focus on sustainability and will feature yarns that expand beyond conventional, natural
Production Trends: The EU, 2019 has found that clothing and footwear. not only presentations, but also lectures and and organic ones. This has resulted in innovative
during 2018, textile and clothing exports from EU solutions the industry can take towards a better products for the lifestyle, sports, medical, transpor-
to countries outside the union rose in value and The report contains statistical data, information, future for the planet. tation and other sectors, thus ensuring continuous
volume but the textile production fell following and insight into the textile and apparel industries business growth.
two years of growth. in the EU. The report identifies important trends ‘Sustainable Pakistan’
and includes information on general economic The Inspiring Change Conference will present The two-day conference will be held in the vibrant
The report said that clothing production in the trends, textile, and clothing production in the EU, concept changing presentations and information city of Lahore on the 10th and 11th of March, 2020.
EU declined for the second consecutive year to the textile and clothing trade balance, imports by
its lowest level in several years. Meanwhile, the supplying country, exports by the destination
imports of textiles and clothing into the EU country, and imports and exports by EU member
increased in value and volume, showing that state.

November/December 2019 November/December 2019