Buyers in the region are reporting severe difficulties due to supply disruptions and late shipments. This amplifies the effects of currency depreciation, price volatility, lower orders from retailers and brands, and the broader impact of declining yields in several major cotton-producing regions. The ICA’s strategic meeting in November will address some of the issues raised, according to an ICA media release.
Earlier this month, Alex Hsu (ICA President) and Bill Kingdon (ICA Managing Director) made outreach visits to Pakistan and Bangladesh, the first possible visit to these regions since 2018. Across the region, ICA has encouraged greater participation from potential ICA members. Buyers reported severe difficulties due to supply disruptions and late shipments.
In Pakistan, they were hosted by Mohammad Ali Bashir (ICA Regional Director for Pakistan), Atif Dada (Karachi Cotton Association) in Karachi and Iqbal Khurram in Lahore. Meetings were held with KCA, APTMA (South), APTMA (North-Central) and partner firms from across the country. Karl Pelzer (Cargill) joined the delegation in Lahore.
Shafiqul Sarker Sohel (ICA Regional Director for Bangladesh) hosted the group in Bangladesh. Meetings were held with BTMA (Bangladesh Textile Mills Association) and BCA (Bangladesh Cotton Association) and partner firms in Dhaka.
In addition, ICA will begin conducting a series of Trade Matters training courses in key procurement regions, starting with Pakistan next month. The training will be held at various locations across Pakistan from 17 to 22 October and will cover important aspects of international trade including contracting, ICA constitution and rules, quality, classification and testing, claims and clearance, ICA arbitration, ICA outstanding award lists and membership in ICA.
This training is designed for people with a basic knowledge of cotton quality issues.
Fibre2Fashion News Desk (KD)
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