Domestic production of cotton yarn and cotton cloth during first eight months of current financial year grew by 0.67 percent and 0.43 percent respectively as compared the production of the corresponding period of last year. According the computation of Quantum Index Numbers of large scale manufacturing industries released by the Pakistan Bureau of Statistics about 2.285 million tons of cotton yarn produced during the period from July-February, 2016-17 as compared the production of 2.269 mill

Despite acknowledging the recent upward trend, earlier in April, the International Cotton Advisory Committee (ICAC) warned that cotton prices will get down next season, regardless the smaller world inventory. The industry body had previously estimated average cotton prices in 2017-18 at 73 US dollar cents a pound, as measured by the Cotlook A index of physical values. If meeting this forecast, prices would come 5 cents lower than the 78 cents a pound expected for 2016-17, on an August-to-J

Alexium International Group has partnered with Benwel, a South Carolina-based uniform developer, to introduce an FR undergarment for the auto racing industry treated with bothAlexiflamandAlexicooltechnology. Benwel will target NASCAR with an anticipated product launch in the second half of 2017 and expand into other racing segments such as Indy Car, Sprint Cup, and the fast growing UTV segment. The sales value of this market to Alexium is anticipated to be over US$3 million by mid-2018; possi

The Indian synthetic fibre industry could grow at a CAGR of 5-6 per cent over a period of five years, said Rajen Udeshi, president, Association of Synthetic Fibre Industry (ASFI). The industry went from 43 million tonnes (MT) in 2002 to 32 MT in 2017. The textile industry estimated at $130 million is likely to grow to $300 million in the next few years. The fibre industry of the country also needs to grow along with the textile industry as cotton supply here is limited, said Udeshi while spea

All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Zahid Mazhar with a keen interest to accelerate Pakistan’s textile industry invited Chinese investors to take advantage of the liberal trade and investment policies in the country by entering into joint ventures with Pakistani entrepreneurs in the textile industry. Highlighting the trade and investment policies, Mazhar said the government was an advocate of open and deregulated market-driven economy and was creating an enabli

The textile industry has urged Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar to release funds for disbursement of duty drawback to exporters against realisation of export proceeds, besides paying refunds of sales tax to the exporters against the already issued RPOs to save the industry from the liquidity crisis. In a joint press conference at Aptma House - along with other textile associations including Pakistan Hosiery Manufacturers Association, Pakistan Readymade Garments Manuf

Only one Bangladeshi garment manufacturer could hit $500 million in exports in a year -- a puzzling statistic for a country that is the second largest apparel supplier in the world. There are a bunch of companies whose export receipts amount to more than $400 million but less than $500 million, said Mohammed Nasir, vice-president of the Bangladesh Garment Manufacturers and Exporters Association. Ha-Meem Group, which counts retail giants like Gap, H&M, Mango and Zara as its major buyers

The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi has given its approval for the increase in the minimum support price (MSP) for raw jute for 2017-18 season to protect the economic interests of the farmers. It has been increased to Rs 3,500 per quintal for 2017-18, an increase of Rs 300 (9.4 per cent) over the previous year. During last three years (2015-16, 2016-17 and 2017-18), government has increased the MSP for jute from Rs 2,700 to Rs 3,500 (29.6 per cent) as

Profitability of Indian yarn spinners may come under pressure due to various challenges like high raw cotton prices, while demand for cotton yarn is expected to remain moderate. Under the circumstances, spinners may opt to reduce capacity utilisation or contribution. Hence, their profitability is likely to remain under pressure in the near future. "Other than profitability pressures, higher cotton prices will lead to higher working capital requirements and in turn higher borrowings," a news

Azerbaijan expects to see a real growth in cotton production, as the government has focused on giving a new life to this industry. At the recent conference on the development of cotton-growing in Azerbaijan, President Ilham Aliyev said that the government has been providing large state support to cotton growing since last year. Cotton sowing has begun in the Agdam region of Azerbaijan and currently cotton is sown on an area of 500 hectares. Overall, they have planned to plant an area of 3,000