The National Development and Reform Commission of China announced late last year that China will offer 30,000 tonnes of cotton per day for sale until the end of August, as Beijing seeks to scale down its large, ageing stockpile. China's textile mills have worked off cotton inventory in the hope of picking up lower-priced fiber when the government in the world's top textile market resumes annual sales of state reserves on Monday even after getting caught short last year. Ye Jianchun, vice p

Pakistan cotton production has been recorded at 10.5 million bales against the set target of 14.1 million bales for 2016-17, missing the cotton production target by around 25 percent. Official sources revealed on Saturday that 10.5 million bales of cotton have been recorded so far and the number may reach 10.6 million bales by end-March (closing time); however, the number surpassed the cotton production of 9.7 million bales recorded during the same period of the last year (2015-16). The co

China has cut its growth target this year as the world’s second-largest economy pushes through reforms to address a rapid build-up in debt and erects a “firewall” against financial risks. The country aimed to expand its economy by around 6.5 per cent, Prime Minister Li Keqiang said in his work report at the opening of the annual meeting of parliament on Sunday. The target was realistic and would help steer and steady expectations, he said. China set a target of 6.5 to 7pc last year and

Cotton appears to have found a new role - as oil spill cleaner. Oil spills damage both human health and environment. Scientists at the Texas Tech University have investigated cotton as oil spill cleaner. A team from the university's Institute of Environmental and Human Health found that finer raw cotton in loose form is best suited for absorbing oil. "So far, most oil sorbents are synthetic-based, which also leads to problems in marine environments. Our goal is to enable a biodegradable and n

Australian cotton growers and exporters during a seminar organized by Australian Cotton Shippers’ Association in Ludhiana urged Indian traders and industry owners to buy the Austrialian cotton. Stuart Gordon, research scientist from Advanced Fibres and Industrial Chemistry Group, Australia, said that the Australian cotton had high fibre strength, and was dyeable and spinnable, making it better than cotton from other parts of the world. He further added that the uniformity and consistency of t

Serbia's trade minister Rasim Ljajic during the meeting organized by the Foreign Economic Relations Board of Turkey (DEIK) on Wednesday said that Turkish companies have expressed interest in investing in Serbian textile sector encouraged by the good business climate in the country. Serbia offers the best business environment in the region, with a highly qualified workforce and the best conditions for foreign investors, Ljajic said at the meeting. Representatives of two Turkish textile comp

Cotton market witnessed sudden revival of buying interest on Wednesday, there was no apparent reason for it, except that two leading spinners moved into the trading ring to replenish their stocks, brokers said. The lint prices generally remained steady. Many small spinners also actively participated in the proceedings and were eager to book maximum quantity of cotton, but most of them returned disappointed due to short supply. The Karachi Cotton Association left its spot rates unchanged. T

Businessmen beware! Women are no longer content with just wearing the trousers. If Paris fashion catwalks on Tuesday are anything to go by, they are coming for your ties too. The most unloved accessory in the male wardrobe has caught the magpie eye of several womenswear designers, who have dragged it from the dark of the sock drawer and promised it the love and glamour no man could ever give. Finnish brand Aalto and newcomers Jour/ne and Victoria/Tomas all featured ties, either knotted or hun

Bangladesh has earned close to Tk 72.94 billion in the fiscal 2015-16 by exporting 1.96 million bales of jute and jute products. This amount is about Tk 8.75 billion more than the amount earned by exporting these products in the previous fiscal. The total jute production of the country during the financial year 2015-16 was 8.25 billion bales. Bangladesh earned close to Tk 10.54 billion in the said fiscal on exports of 1.14 million bales of jute. About Tk 62.40 billion was earned by exporting

Powerloom owners in Coimbatore and in the Tiruppur district have stopped production in their respective units to protest against fluctuating yarn prices that are affecting their profit margins. The strike will affect business worth Rs 200 crore and production of about 85 lakh metres per day, delaying domestic as well as export business. The increasing yarn prices have affected profit margins of over 2 lakh powerloom units in Coimbatore and Tiruppur districts, said Velusamy, secretary, Powerl