The cotton market recorded fresh gains on Saturday as strong buying orders kept pouring in throughout the session. The undertone was firm and outlook optimistic. Trading resumed on overnight bullish trend and as the flow of buying orders sustained price tended to move higher amid brisk activity, brokers said. They added that buying remained focused around quality cotton which was still available in abundance. However, global trend in cotton prices also impacted the domestic market; the New

Spindelfabrik Suessen GmbH, Germany’s leading manufacturer of spinning systems and components for spinning machines, is set to present various new components for ring and rotor spinning machines at India ITME 2016, India’s leading international textile machinery expo, from December 3 to 8, 2016, at the Bombay convention and exhibition centre, in Mumbai. All Suessen innovations are aimed for optimal yarn quality and high productivity, while costs are reduced at the same time. In ring spinni

Product safety and compliance to export markets’ requirements were discussed at an international conference in Ho Chi Minh City on November 15. The event was organised by the American Chamber of Commerce in Vietnam - HCM City chapter and the American Apparel & Footwear Association (AAFA ). Speaking at the event, Director General of German TUV Rheinland Vietnam Frank Juettner, said Vietnamese enterprises need to comply with legal regulations and the requirements of each export market.

China on Tuesday weakened the yuan's fix against the dollar to a nearly eight-year low as the surging dollar put further pressure on the unit, complicating Beijing's efforts to manage it. The central People's Bank of China set the value of the yuan -- also known as the renminbi -- at 6.8495 to the greenback, down 0.30 percent from Monday's fixing, according to data from the Foreign Exchange Trade System. The unit has reached a series of six-year lows in recent weeks in the face of a greenb

Relentless buy­­ing was witnessed in quality cotton on Wednesday as spinners remained focused on first-grade cotton to accumulate maximum quantity before the end of first picking. The smooth flow of phutti (seed cotton) also assisted buyers who remained focused towards quality cotton, brokers said. However, some small mills also purchased lower-grade cotton, they added. Steady world cotton markets were another factor which kept buyers active. The New York cotton market touched a se

The orders index for textile machinery recorded an increase for the third quarter of 2016, thanks to positive sales figures abroad, a survey carried out by the Association of Italian Textile Machinery Manufacturers (ACIMIT) showed. For the period from July to September 2016, the overall order intake increased by 16 per cent compared to the same period last year. The third quarter value for 2016 stood at 101.1 points (2010 basis = 100). However, this growth applies to foreign markets only, whe

World ending stocks of cotton are forecast to decrease by 7 per cent to 17.8 million tons at the end of 2016-17 as China continues to reduce its stocks. Ending stocks in China, where much of the excess stocks are held, dipped 13 per cent to 11.3 million tons as the government sold over 2 million tons from its reserves from May through September 2016. From 2009-10 to 2014-15, world ending stocks increased by 140 per cent and reached a world record of 22.2 million tons. In 2015-16, the drop in

Bangladesh apparel makers want to form a single entity to oversee safety and workers rights issues in the clothing industry after the expiry of ongoing safety assessment by the global buyers platforms. Currently, RMG factories are being inspected by Alliance for Bangladesh Worker Safety, Accord on Fire and Building Safety in Bangladesh and the National Initiative to improve workplace safety in the apparel industry. The tripartite inspection will end in June 2018, which started in mid-2014

Textile and leather, which are labour-intensive industries, are facing the heat of centre's decision to demonetise the Rs 500 and Rs 1,000 currencies. Companies are not able to pay wages to workers and not able to procure raw materials. While agreeing that the centre's move will stream line the system, it will increase the cost of doing business. Tirupur Exporters Association(TEA) welcomed the government's move, but requested to allow withdrawal of higher amount, based on the average amoun

The Union Textiles Ministry will hold a special meeting with various states to seek their views and suggestions for the new Textile Policy, since it is important to consult states for successful implementation. The new policy aims to garners $300 billion in textile and apparel exports by 2024-25, while also creating an additional 35 million jobs. “The relevant suggestions from the states will be vetted by the Textiles Ministry and take into the final draft of the policy, after which a cabinet