The crash in cotton prices over a month, due to a better than expected crop and increased arrivals, has had exporters starting to look at signing of contracts for future shipments. The benchmark Shankar-6 variety has fallen 19 per cent in a month, to Rs 10,629 a quintal. During this period, the benchmark Number 2 cotton futures for near-month delivery on the InterContinental Exchange rose a marginal 0.1 per cent, to trade at 69.26 cents a pound. This makes exports viable, noted Kavita Gupta,

In 2015, around 189 cotton farmers from Brazil were licensed to produced Better Cotton, according to the 2015 Harvest Report for Brazil by BCI, Better Cotton Initiative, a not-for-profit organisation stewarding the global standards for Better Cotton, and bringing together cotton's complex supply chain, from cotton farmers to the retailers. This marks the fifth year of Better Cotton production in Brazil, and the second year of BCI's Strategic Partnership with ABRAPA, the Brazilian Cotton Growe

Renewed selling pressure pushed cotton prices lower in line with global trend on Wednesday. Spinners suddenly withdrew to the sidelines and only indulged in small-lot deals to meet their near future demand. Floor brokers said that sluggish performance by cotton yarn and fabric markets kept spinners nervous who have restricted their buying activity to avoid huge losses. The crisis-ridden textile industry faced with high cost of doing business and liquidity crunch has taken cautious approach

The Nigerian Textile Manufacturers Association (NTMA) has urged the Federal Government to channel proceeds from Textile Development Levy to boost the competitiveness of the textile industry. Mr Hamma Kwajaffa, Director-General of NTMA, said in Lagos that the accrual from the levy would bridge the infrastructure deficits that presently impeded the industry. The Federal Government set aside 10 per cent import levy on imported fabrics to develop operations of local textile manufacturers. T

Trevira, developers of textile polyester products for household textiles, apparel, automotive interiors, hygiene textiles, and technical applications, is showing fresh solutions for modern work environments via textile innovation under the theme “New visions of work- Trevira City”, at Orgatec expo, in Cologne, Germany, from October 25 to 29, 2016. The exhibition set is made up of eight houses, made of textile materials and loosely arranged on the stand area. In the middle of the houses, whose

Cotton production in 2015-16 season stood at 338 lakh bales (of 170 kg each), Textile Commissioner Kavita Gupta told reporters here after the season's first meeting of the Cotton Advisory Board. Cotton production is estimated to increase by 3.84 percent in the 2016-17 season (beginning from October 1) to 351 lakh bales compared to the previous year, a top Central Government official said. Cotton production in 2015-16 season stood at 338 lakh bales (of 170 kg each), Textile Commissioner Kav

Despite uncertainty surrounding the Trans-Pacific Partnership agreement, foreign textile and garment firms are still investing heavily in Vietnam. In the northern province of Vinh Phuc, Hong Kong-based TAL Group officially launched a US$50 million project to manufacture fabrics, garments, and textiles last week. Located in Ba Thien Industrial Park (IP), the plant is expected to churn out 12 million products per year and create 3,500 jobs. This is TAL Group’s second project in Vietnam, afte

India’s cotton exports in 2016-17 are likely to fall 28 per cent from a year ago to 5 million bales as its top buyer Pakistan is set to halve purchases due to rising hostilities and improvement in its own production, industry and government officials said. The lower shipments to Pakistan from the world’s biggest cotton producer will help other suppliers such as Brazil, the United States and some African countries in raising exports. Pakistan is likely to import 1 million to 1.5 million bal

German technology can play a major role making the environment cleaner and increase energy efficiency of the textile industry, according to a discussion among the VDMA member companies during the opening of ongoing ITMA ASIA + CITME 2016, Asia's foremost trade fair dedicated to textile machinery, held in Shanghai, China, from October 21 to 25, 2016. The VDMA booth (H1F81) at the expo is the first contact point for visitors interested in German technology. Visitors can get a compact overview o

The Indian government has planned to conduct roadshows to boost the country's textile exports in various non-traditional markets such as South America, Russia and some countries in West Asia. Indian textile shipments have been declining and fell to $40 billion in 2015-16 from $41.4 billion in the previous year due to competition from other Asian nations. Competition from countries like Vietnam and Bangladesh has affected India's apparel exports. However, China is gradually losing ground in v