In spite of the resistance of some sellers, cotton values resumed decreasing in late May and early June – May was the fourth consecutive month of price decreases. Drops are attributed to the lower quality of batches, due to the nearness of the end of the 2012/13 season, the low purchase interest from the industry and the smaller export parity. In May, the CEPEA/ESALQ Index for cotton type 41-4 moved down 4.26%, closing at 1.9279 real (0.8606 dollar) per pound on May 30. It is worth noting to

Workers in the footwear industry went on a protected national strike on Monday, their trade union indicated. "The strike will affect about 164 footwear employers throughout South Africa and approximately 10,000 employees in the bargaining unit in major centres like Durban, Cape Town, Port Elizabeth, Johannesburg, Pietermaritzburg and George and Oudtshoorn," said National Union of Leather and Allied Workers (Nulaw) general secretary Ashley Benjamin. The union is seeking a minimum pay rise

The textile industry is fully geared to make fresh investments and modernise. But what it seeks from the Centre is a stable policy on the lines of Satyam Committee recommendations (report submitted in 1999), say industry experts. Stating that the last textile policy was released about a decade back and since then, the industry had undergone a sea change, Chairman of the Southern India Mills Association (SIMA), T Rajkumar, said. “We are seeking a stable and comprehensive policy. We have app

The sector's export turnover in May was US$1.45 billion, reducing 8 per cent against April.— VNA/VNS Photo Garment and textile companies have been actively seeking material suppliers to reduce dependence on imports from China, due to complicated changes in the market. Cao Anh Dung, Director of the Ministry of Industry and Trade's Light Industry Department, told reporters at a press briefing in Ha Noi yesterday to review the country's economy in the first five months of the year, that exp

Close to 10 percent of drawstrings on children’s clothing in China fail to meet standards and pose a danger, experts at a world-leading German-based testing facility warned today. Chinese parents should not buy garments with drawstrings for children under 7 years old because of the risk of strangulation if they are caught on equipment at home or on playgrounds. Experts also sounded an alarm about potentially harmful chemicals on kids’ clothing. “Don’t buy clothes with a strong smell or ver

The Secretariat of Economy (SE), Government of Mexico, has concluded an antidumping investigation and imposed a definitive antidumping duty on imports of synthetic fibre (man-made fibre or MMF) blankets from China. Imports of synthetic fiber blankets, including woven raschel fabric type, prints, smooth, with or without embroidery, with or without intermediate wadding, of any size, originating in China under codes 6301.40.01 and 9404.90.99 of the Tariff Act of General Imports and Exports (TIGI

The arrival of cotton in Indian markets has increased by 13.72 percent year-on-year to 36.3 million running bales of 155-157 kg each by May 31, 2014, according to the latest monthly analysis of cotton market released by Arun Kumar & Company. By May 31, about 36.3 million running bales of cotton have arrived in the market, compared to the arrival of 31.92 million bales during the corresponding period in the previous season, says the report. In Gujarat, 11.8 million bales of cotton reach

Boosting revenue: Rs20b is likely to be generated by decision to increase tax rates on domestic sales of textile products. PHOTO: FILE In a move akin to straying into a political mine field, Prime Minister Nawaz Sharif is said to have cleared a budget proposal to increase tax rates on domestic sales of textile products. The move is aimed at plugging revenue leakages and fetching Rs20 billion in taxes. The premier has cleared the proposal to increase tax rates at yarn stage from 2% to 5% a

The management of Suraj Textile Mills Limited plans to make long-term equity investment of up to Rs50 million in the solar power projects by way of acquisition of 5,000,000 ordinary shares of Rs10 each of the proposed S2 Solar Limited, an official document revealed. A new company in the name of ‘S2 Solar Limited’ will be formed. Based on the initial study, the company is expecting per megawatt cost of $1.5 million. Total investment has been estimated at $75 million approximately with equity i

Textile spinning mills in the region have rejected the demand from garment manufacturers in Tirupur for a cut in the prices of cotton yarn. Garment makers want mills to reduce yarn prices by 10 per kg for all counts citing the lifting of power cut in the state. "It is a time for spinning mills to revise their pricing strategy accordingly, as it was being mentioned that the increased power cost was the reason, apart from (high) cotton prices, for the increase in yarn prices," said A Sakthivel,