Peru has come up with six programs to improve the productivity of cotton in the country, and thereby to promote Peru’s cotton exports, said Minister of Agriculture, Milton von Hesse. The suggested programs are a result of the recent visit of a team of experts from Brazil and representatives of Food and Agriculture Organization (FAO) in Peru. The Ministry of Agriculture (Minag), along with the visiting team of experts, has designed the National Competitiveness Plan, which aims at short and lon

Pakistan Cotton Ginners Association has decided to file a case in the Federal Shariat Court in an attempt to stop Pakistan Mercantile Exchange from futures trading in cotton. The recourse to legal action is aimed at preventing what ginners say anti-Shariah futures trading that will spell financial disaster for cotton growers, ginners and textile millers. In a statement, PCGA’s ex-executive member Ihsanul Haq said cotton ginners will hold meetings in all cotton zones shortly to decide its fut

Textile machinery manufacturer Lakshmi Machine Works (LMW) plans to expand the range of products manufactured at its subsidiary LMW Textile Machinery (Suzhou) in China. Director (Finance) R. Rajendran told The Hindu here on Thursday that the China subsidiary had made profits this year because of better price realisation. The manufacturing facility was functioning out of a ready-built factory now and land has been allotted to have its own premises. LMW would invest totally $12.5 million in Chin

State-owned Société de Gestion des Participations Industries Manufacturières (SGP-IM) has concluded an agreement with Taypa Tekstil Giyim, a Turkish company, to construct a multi-million dollar textile-clothing industry center in Algeria. The partnership is a part of the government’s efforts to promote joint public-private venture in the country and to attract foreign investment. The North African state’s textile and clothing industry has been on the decline for the past years and there are h

Ten thousand South African textile workers ended a two-day strike on Wednesday, which a major union described as a warning to employers who continue paying wages below the government prescribed rates. “We only wished it to be a warning to employers who fail to obey the law and who continue to underpay our members,” the Southern African Clothing and Textile Workers’ Union (SACTWU) said in a statement. According to the union, some employers were paying workers far below the government allowed w

(In the March quarter, the company reported Rs 74 crore of sales and Rs 11 crore of net profit as against Rs 42 crore of sales and Rs 3 crore of net profit a year ago.) Hybrid seed manufacturer Kaveri SeedBSE 3.84 % Company, where private equity firm IDFC holds 9% stake, saw its sales nearly doubling at Rs 711 crore for the year to March 2013 largely backed by doubling of cotton seed sales, while it saw net profit more than doubling at Rs 130 crore. In the previous fiscal, the company rep

Extreme hot weather is affecting cotton crop, especially late-sown in both Punjab and Haryana, say farmers and experts. There are reports of burning of crop leaves in many parts of the major cotton growing districts in the two states where it is a major kharif crop after paddy and basmati and account for nearly 12-13% of India's total output of the fibre crop. Farmers are reporting burning of cotton leaves due to higher temperatures, which are hovering around 45 degrees celsius in the region, f

There was a significant boost for wool prices atlast's week's South Island wool sale. A 5% drop in the value of the New Zealand dollar against the United States dollar at this sale compared with the last one in early May, helped lift prices by 3% or more for most wool types. Just over 10,000 bales were on offer. New Zealand Wool Services says there was strong competition from western Europe, Australia and the United Kingdom. Source: Radio New Zealand .

Gap Spring/Summer 2013 Denim Evolved campaign | Source: Gap Gap Inc’s chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh’s garment industry, provided there were some “very minor accommodations.” A series of incidents at factories has focused attention on safety standards in Bangladesh’s booming garment industry while creating a trans-Altantic divide between U.S. and European retailers over ways to r

Polo Ralph Lauren S/S 2013 campaign | Source: Ralph Lauren Ralph Lauren Corp on Thursday reported sales that fell below its own projections, hurt by fewer deliveries to European department stores, but gave a fiscal year forecast that suggests it expects its overall business to pick up. Shares, which hit a 52-week high on Wednesday, fell 4 percent to $181.00 from $188.06 in premarket trading. The fashion company, known for its namesake brand as well as others such as Club Monaco, said n