Prices of cotton should fall by a minimum of seven to eight per cent to be competitive, which could only happen if there was fall in local physical prices and weakened rupee or both, Indian Cotton Federation President J Thulasidharan said on Tuesday. If this was not happening, in reality export volume will get limited, and the firming of rupee was also likely to contribute to the adverse parity in Indian prices, he said. Moreover, China was believed to hold 8.33 million tonnes (MT) of cotton

Textile Raw Material Price 2013-07-18 Item Price Unit Fluctuation Date Oil WTI 106.32 USD/Barrel 0.37 2013-07-18 PX 1456 USD/Ton 8 2013-07-18 PTA Buy 7750 RMB/Ton -50 2013-07-18 PTA Sell 1065 USD/Ton -5 2013-07-18 MEG Buy 7370 RMB/Ton -30 2013-07-18 MEG Sell 1013 USD/Ton 5 2013-07-18 CPL Buy 18000 RMB/Ton -100 2013-07-18 CPL Sell 2320 U

The Reserve Bank of India’s (RBI) steps to quell rupee volatility and check speculation in forex markets have not cheered the knitwear manufacturers rather some of the measures sparked concerns. Main worry for the textile entrepreneurs, who are looking for cheaper loans, is the raising of the interest rate under Marginal Standing Facility (MSF) by two percentage points, one of the monetary measures announced by RBI on Monday to suck out excess liquidity from the system and thereby, stabilise

The International Cotton Association (ICA) has listed 93 companies from Bangladesh for failing to make payments to suppliers. The country ended up on top of the default list. In the previous update in April, the number of Bangladeshi defaulters was 91. The ICA updated the list of default companies on July 12.Among the South Asian textiles and garment producing nations, India is in the second position with 89 companies while Pakistan has 50 companies on the list. The Liverpool-based ICA pre

Being one of the five biggest garment suppliers in the world, but Vietnam’s garment export turnover only accounts for 4-5 percent of the global market share. In the US, the biggest export market, Vietnamese products hold 8 percent of the market share. Since 2011, textile and garment has become one of the biggest business fields with 4,000 businesses set up, which brings the turnover of $20 billion, make up 15 percent of GDP, and leading export items in the export turnover. About

The in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. At present, the majority of garments within the global marketplace are produced in Asia. Between 2005 and 2011, Vietnam's garment export increased by 32 percent and China's increased by 15 percent. Percentage number increases for India, Turkey, Malaysia and Th

Textile Raw Material Price 2013-07-17 Item Price Unit Fluctuation Date Oil WTI 106.32 USD/Barrel 0.37 2013-07-17 PX 1456 USD/Ton 8 2013-07-17 PTA Buy 7750 RMB/Ton -50 2013-07-17 PTA Sell 1065 USD/Ton -5 2013-07-17 MEG Buy 7370 RMB/Ton -30 2013-07-17 MEG Sell 1013 USD/Ton 5 2013-07-17 CPL Buy 18000 RMB/Ton -100 2013-07-17 CPL Sell 2320 U

Prada Spring/Summer 2012 | Source: Prada Stella International Holdings Ltd., the Asian shoemaker that manufactures for companies such as Prada SpA, plans to expand its own brands in Paris, turning into a lower priced competitor to luxury clients there. The contract manufacturer plans to add two shops in Paris by end of this year and expand into other locations in Europe, Stephen Chi, chief executive officer of the company’s women’s footwear and retail business division, said in a July 10 p

Marks & Spencer's chief executive Marc Bolland said it will take until April 2014 for the work of the new clothing team to show up properly in company results despite previously citing next autumn as the key time. Bolland’s comments reflect the company's less than expected profits and were made to The Mail on Sunday on the fringe of last week’s annual meeting of M&S shareholders. M&S sales figures are likely to conflict with expectations among investors who will scrutinise the half

Stylist-turned-designer L’Wren Scott, known for her red carpet glamour favoured by celebrities including Nicole Kidman and Sarah Jessica Parker, is launching a capsule collection with Banana Republic. The 50-plus piece collection, which will be released just in time for the Christmas party season, marks the designer’s first collaboration with a global fashion retailer, and will combine the designer's signature glamour with the US brand's relaxed, feminine aesthetic. Launching worldwide at selec