The International Cotton Advisory Committee cut its forecast for cotton prices for a third time, as it downgraded demand estimates, even as US officials cautioned that hopes for Chinese imports may be too large. The ICAC, an intergovernmental group, downgraded by 5 cents a pound to 103 cents a pound its forecast for average 2013-14 cotton prices, as measured by the Cotlook A index of physical values. The move by the ICAC, which had in May forecast prices averaging 122 cents a pound, reflected

Prices for carpet and textile wool rose at today's North Island sale. Fine crossbred fleece and shears were 3 to 6 per cent dearer than the previous sale, good-style coarse full fleece were 5 to 6 per cent stronger with poorer styles lifting by 7 to 10 per cent. Coarse shears were 6 to 10 per cent dearer, long oddments increased by 6 to 8.5 per cent with shorter types 4 to 6 per cent stronger. A shortage of wool and increased competition among exporters shipping to Australasia, China, Middle

Source: Fiber 2 Fashion

ICE cotton rose on Monday, touching the highest level in more than a week, supported by short covering and expectations of continued demand in China as the government in the world's top textile market began stockpiling. The most-active December cotton contract on ICE Futures US gained 0.29 cent, or 0.3 percent, to settle at 83.50 cents per lb. The day's gains followed a three-week slide. Prices spiked to an intraday high of 84.33 cents a lb on trade short covering and a lack of selling from spe

Textile Raw Material Price 2013-09-11 Item Price Unit Fluctuation Date Oil WTI 107.39 USD/Barrel -3.14 2013-09-11 PX 1506 USD/Ton 3 2013-09-11 PTA Buy 7750 RMB/Ton -20 2013-09-11 PTA Sell 1072 USD/Ton -3 2013-09-11 MEG Buy 7980 RMB/Ton 0 2013-09-11 MEG Sell 1085 USD/Ton -10 2013-09-11 CPL Buy 18500 RMB/Ton 0 2013-09-11 CPL Sell 2360 USD

The Turkish apparel industry exported items of clothing worth US$ 10.56 billion during the January to July period of 2013, according to data released by Istanbul Textile and Apparel Exporters’ Union (ITKIB). During the first seven months of this year, the exports from apparel firms amounted to US$ 10.56 billion, indicating an increase of 8.1 percent compared to the same period in 2012, reports Haberler.com quoting AA news agency. According to the data, around 187 apparel firms from the cou

Textile Raw Material Price 2013-09-10 Item Price Unit Fluctuation Date Oil WTI 110.53 USD/Barrel 2.16 2013-09-10 PX 1503 USD/Ton -3 2013-09-10 PTA Buy 7770 RMB/Ton 20 2013-09-10 PTA Sell 1075 USD/Ton 0 2013-09-10 MEG Buy 7980 RMB/Ton 0 2013-09-10 MEG Sell 1095 USD/Ton 5 2013-09-10 CPL Buy 18500 RMB/Ton 100 2013-09-10 CPL Sell 2350 USD/T

Cotton growers around the world spent an average of 11 cents on planting seed to produce a kilogram of lint in 2012/13, representing 7% of the net cost of production. (Net costs are total costs excluding land rent and the value of cottonseed.) In the 1990s, the cost of planting seed averaged 4 cents per kilogram of lint. Planting seed rose to 9 cents per kilogram during the 2000s and has now reached 11 cents. The ICAC undertakes a survey of the cost of production of cotton every three year

The imports of textiles and apparel by the United States increased by 3.11 percent year-on-year to $ 59.014 billion during the first seven months of 2013, according to the Major Shippers Report, released by the U.S. Department of Customs. Of these, apparel accounted for $ 44.701 billion, up 3.59 percent year-on-year, while non-apparel contributed $ 14.313 billion, up 1.63 percent year-on-year. Vietnam’s textile exports to the US jumped 13.48 percent year-on-year during the seven-month peri

ICE Cotton closed almost unchanged on the week at just over 83 c/lbs, as specs continued reducing their long position while the trade bought back hedges against physical sales. Demand woke up from a range of markets with futures under 84 cents, with China particularly notable in its return to the market and strong sales to a number of countries listed on today’s USDA export sales report. The policy outcome in China is still uncertain, but at this point it looks that reserve purchasing wi