President Mamnoon Hussain Tuesday said the cotton growing countries should collectively address the issues and problems related to cotton industry and strengthen global cotton economy. The president was addressing the delegates of 75th Plenary Meeting of International Cotton Advisory Committee (ICAC) at the Aiwan-e-Sadr. Minister for Commerce Engineer Khurram Dastgir Khan and Minister for National Food Security and Research Sikandar Hayat Khan Bosan were also present on the occasion. He sa

Karl Mayer will be displaying latest innovations in warp knitting, warp preparation, and technical textiles at IndiaInternational Textile Machinery Exhibition (ITME) to be held in Mumbai on December 3-8 at hall 6, stand B 3. The company will be debuting its new lace machine concept – Lace Express, in India and its complete indigo dyeing unit -Prodye too. For the warp knitting business unit, Karl Mayer will be showing: the HKS 3-M as another representative of the fourth generation of high-perf

Value added textile sector is the only available solution to overcome the drastic decline in foreign remittances and to bridge the widening gap between imports and exports, said Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Muhammad Saeed Sheikh. He was talking to a delegation of Faisalabad Dyes and Traders Group that visited FCCI to congratulate newly elected office bearers of the chamber.He said that the country’s economy is entirely dependent on textile exports and

Minister for National Food Security and Research Sikandar Hayat Khan Bosan on Monday said that no duty-free cotton import will be permitted until and unless all the locally produced cotton is sold completely. While talking to journalist, he said better cotton crop is expected this year than previous year.He said, “We are also looking forward of having rupees three thousand plus rate for cotton in international market.All Pakistan Textile Mills Association (APTMA) has been demanding duty-free

Cotton prices rose on Monday amid renewed buying interest from spinners on fears of short crop. Slow arrivals of phutti (seed cotton) from many cotton-growing areas of Punjab caused panic in the trading ring. Rumours were rife that the recent hot weather damaged cotton balls of standing crop and that there were signs of pest attack in many areas. Growers on their part are holding back phutti stocks and are asking higher prices. But ginners are not ready to pay more. Brokers said th

Polartec, the premium provider of innovative textile solutions, has created new waterproof NeoShell fabrics that offer an unprecedented combination of supple stretch, breathability, and overall comfort. The new versions of Polartec NeoShell, termed the most breathable waterproof fabric, have been created specifically for Japanese apparel brand Teton Bros. When Polartec introduced breathable comfort and waterproof protection with NeoShell, Teton Bros—the Japanese brand focused on functional b

Visitor numbers at the recently concluded Intertextile Shanghai Apparel Fabrics – Autumn Edition 2016 were up 10 per cent over the previous 2015 edition at 73,000 buyers. These buyers who came from over 90 countries and regions, also include those buyers who visited three other concurrent fairs including Yarn Expo Autumn, PH Value and CHIC. According to Wendy Wen, senior general manager of Messe Frankfurt (HK) Ltd, for the last few years, even though Intertextile Shanghai has continued to gr

The global fashion brands and retailers on Monday announced to cut business relations with five more readymade garment factories in Bangladesh taking the total number to 150 as the factories failed to make required progress in remediation for ensuring workplace safety. Accord on Fire and Building Safety in Bangladesh, the platform of EU brands and retailers, in its statement on Monday said that the five factories were inspected for fire, electrical and structural safety by the Accord in 2014

Bangladesh can reduce cotton import by replacing tobacco cultivation with cotton farming in shoal areas and unused land in Barendra region of North Bengal. Speakers came up with the observation at a seminar titled “Boosting Cotton Cultivation in North Bengal: Problem and Prospects” held at Diaz Hotel Seminar Hall, Uttara EPZ, Nilphamari. The seminar was organised jointly by the Cotton Development Board (CDB), Department of Agriculture Extension (DAE), Zerin Tex, RMG Chronicle and Nilphamar

The crash in cotton prices over a month, due to a better than expected crop and increased arrivals, has had exporters starting to look at signing of contracts for future shipments. The benchmark Shankar-6 variety has fallen 19 per cent in a month, to Rs 10,629 a quintal. During this period, the benchmark Number 2 cotton futures for near-month delivery on the InterContinental Exchange rose a marginal 0.1 per cent, to trade at 69.26 cents a pound. This makes exports viable, noted Kavita Gupta,