Cotton yarn witnessed higher prices in north India’s markets today as demand improved substantially. Virgin cotton yarn was sold in Delhi and Ludhiana with gain of ₹5-8 per kg. Traders feel that higher cotton prices are also supporting yarn prices. Recycled yarn market in Panipat also noted better buying. Recycled yarn of higher counts also saw price rise.Delhi market witnessed upward trend as demand improved in last couple of days. Traders now expect better buying in states like Uttar Pradesh,

Suifenheport in northeast China has witnessed a 72.4 per cent year-on-year increase in China-Europe freight train services in the first seven months of 2022. The port, which is situated on the China-Russia border, managed 462 China-Europe train trips during the period.Around 47,133 twenty-foot equivalent units (TEUs) of goods were transported via Suifenheport, which is a rise of 95.8 per cent year-on-year, as per Suifenhecustoms in Heilongjiang province.Suifenhecustoms has been taking steps to s

The exports of textile and apparel from the United States went up by 13.10 per cent year-on-year in the first six months of this year. The value of exports stood at $12.434 billion during January-June 2022 compared to $10.994 billion in the same period of 2021, according to data from the Office of Textiles and Apparel, US department of commerce.Category-wise, apparel exports increased by 24.97 per cent year-on-year to $3.489 billion, while textile mill products rose 6.07 per cent to $8.945 billi

Novara™ system achieves 46% energy saving and 52% water reduction for polycotton durable water repellent (DWR) fabric finishing, achieving high performance even after 20 washesAlchemie Technology, the UK innovator of waterless, low energy, textile dyeing technology, has achieved huge energy and water savings using their Novara™ textile finishing machine to apply water and stain repellent to 280gsm polycotton twill workwear fabric.Using Alchemie’s NovaraTM single sided digital finishing process t

The textile industry in China posted stable revenue growth in the first half (H1) this year, according to data from the ministry of industry and information technology, which recently said textile firms with an annual main business income of at least 20 million yuan ($3 million) raked in 2.52 trillion yuan in revenue in the first six months of 2022—up by 5.7 per cent year on year (YoY).The total added value of these companies rose by 0.9 per cent YoY during the period.The combined sales of main

Around four out of five consumers (80 per cent) in the US say that they are less confident about spending, while 62 per cent of them believe that the county is currently experiencing a recession. Rising food prices are the biggest recessionary concern for 68 per cent of consumers, with nearly half (48 per cent) also concerned about food shortages.The new First Insight Report titled ‘The State of Consumer Spending: Inflation Fuelling Recession Fears’ revealed some profound changes in consumer sen

China aims to develop 15 high-level home furnishing industry clusters with various characteristics and construct 500 smart experience centres by 2025, so that its home furnishing industry can meet growing domestic demands. The country recently released its development strategy for creating environment-friendly and smart home furnishings.Businesses were also urged to build projects that are suitable for rural markets and meet the needs of the elderly and children, according to Chinese media repor

China’s KPST Shoes will establish a shoe accessories manufacturing industry in the BEPZA Economic Zone (BEPZA EZ). This fully foreign owned company will invest $8.07 million where 2,650 Bangladeshi nationals will get employment opportunities. The company will produce annually 30 million pairs of insole, outsole and midsole and 0.3 million cubic meters EVA and PU Foam.The dependency on import of the materials of export oriented shoe industries of the country will be decreased by the operation of

China-Europe freight train services increased by 11 per cent year-on-year in the month of July while maintaining safety and efficiency, according to the China State Railway Group Co., Ltd. There were 1,517 China-Europe freight train trips recorded for the previous month.The freight trains transported a cargo of 149,000 twenty-foot equivalent units (TEUs), which is an increase of 12 per cent from last year.In the first seven months of the year, the number of China-Europe freight train journeys re

China will extend zero-tariff benefits on close to 98 per cent of taxable items from 16 least developed countries (LDCs) including Cambodia, Rwanda, Togo, and Djibouti, Customs Tariff Commission of the State Council has said. The policy will come into effect on September 1.The benefits will gradually be extended to all LDCs that have diplomatic relations with China.China aims to share market opportunities with these LDCs, push for growth and build a community with a shared future for all, Custom