The cotton market remained firm on Monday on steady flow of buying orders from spinners and some exporters. Much of the activity, however, concentrated around quality cotton on fear of shortage in the coming weeks. The world cotton markets gave mixed trend with New York cotton staying steady but Indian and Chinese markets gave easy trend. The local market behaved on domestic dynamics with much of buying taking place in quality cotton, brokers said. The textile continues to exert pressure o

Bangladesh Securities and Exchange Commission yesterday gave the green light to Shepherd Industries to raise Tk 20 crore from the public. The sweater yarn manufacturer will float two crore ordinary shares of Tk 10 each through initial public offering (IPO), the stockmarket regulator said in a statement. The company will use the IPO proceeds for setting up a washing plant, purchasing machinery for the washing plant, expanding the effluent treatment plant and repaying bank loans. The comp

Vietnam’s garment and textile export in the first nine months this year posted the lowest growth rate for the last ten years, reported Vietnam Textile and Apparel Association (Vitas). The down growth rate has been caused by import reduction from some major markets of Vietnam where have met with economic difficulties and the Britain’s exit from the EU. Other reasons comprise unstable exchange rate, high loan interest rate and minimum wage increase. These all have highly increased prices in

Pakistan is swiftly losing its share of world leather market to regional countries because of higher cost of production, as the leather exports have declined by 18 percent on average in 2015-16. Pakistan Tanners Association North Zone Chairman Azam Malik lamented that Pakistan’s share of leather and leather products export is limited to just 0.5 percent in world market for the last many years despite having fourth largest livestock population with over 180 million cattle in the world. Comp

Ermenegildo Zegna, the luxury Italian menswear brand, opens a new branch in London's Bond Street, the home of many luxury brands' flagship stores. [Photo/provided to chinadaily.com.cn] Ermenegildo Zegna, the luxury Italian menswear brand, is targeting overseas Chinese shoppers at a new branch it has opened in London's Bond Street, the home of many luxury brands' flagship stores. The number of Chinese tourists visiting the UK reached a new record high of 270,000 in 2015. Those visitors spen

White cottons are processed automatically in the “smart” factory of the Wuxi No1 Cotton Mill. [Photo by Miao Jiayu/chinadaily.com.cn] While you are most likely familiar with well-known brands like Burberry, H&M, Louis Vuitton and Zara, you may not be aware that much of the quality cotton used by these clothing giants is produced by the Wuxi No1 Cotton Mill. Talak, the yarn brand of the company, has been registered in 55 countries including the United States, France and Germany, and is

CHINA’S economy showed more signs of stabilizing in October, but disappointing retail sales growth clouded the outlook. In the first 10 months, fixed-asset investment rose 8.3 percent year on year, slightly ahead of market expectations, data from the National Bureau of Statistics showed yesterday. Investment by state-owned companies surged 20.5 percent, though the pace cooled slightly from the first nine months. In an encouraging sign, growth of private investment picked up to 2.9 perce

Garment business has taken a severe beating during the ongoing wedding season in the wake of demonetisation of high-denomination notes, a textile industry association official said on Sunday. "The garment business has been hit hard due to the shortage of currency notes," MP Garment Association spokesman Ajay Jain said. "We estimated garment sale of at least Rs 15 crore daily in the wedding season that is underway. But we are hardly doing 10 per cent of the estimated business," he rued.

Applied DNA Sciences, Inc., provider of DNA-based supply chain and anti-theft technologies, has reported on its progress in penetrating the American cotton industry with its botanical DNA-based supply chain solutions during the 2016 ginning season. In 2016, Applied DNA shipped orders for its SigNature T DNA concentrate to tag 93 million pounds of cotton. The total cotton tagged consists of previously announced orders to tag 50 million pounds of HomeGrown Lonestar, 10 million pounds of Acala c

Prices of Indian Shankar-6 cotton recorded a decline in the month of October, witnessing a drop from 85 cents/lb in the previous month to 72 cents/lb. In local terms, the movement was from 44,700 to 37,700 INR/candy, says a recent report. The China Cotton (CC 3128B) index was generally steady over the past month, maintaining levels around 103 cents/lb. “The movement in Indian prices over the past several months has been significant. Back in the spring, spot prices for Shankar-6 reached a low