According to reports, by next year in 2017, cotton supplies in US will be smaller than previously forecast because of rising prices and larger-than-expected purchases in China, the world’s biggest buyer. Inventories on July 31, 2017, will be 4.3 million bales, 12 percent less than projected last month and below the lowest estimate in a Bloomberg survey of analysts, the U.S. Department of Agriculture said in the report released Wednesday. The supply would be expected at 4.9 million bales, a

Foreign direct investment (FDI) into the Chinese mainland edged up 1.2 percent year on year to reach 9.21 billion U.S. dollars in September, official data showed Thursday. That brings FDI growth in the first nine months to 4.2 percent, according to figures from the Ministry of Commerce. The steady growth came as the Chinese government intensifies efforts to improve access for foreign companies, which experts believe will create an environment for fairer competition and bring more foreign i

The Ministry of Agriculture and Rural Development has issued a decision on halting raw cotton imports from Ghana as a large volume of raw cotton was found infected with Trogoderma granarium Everts. The decision comes into effect 60 days after the issuance date on October 11. The MARD urged the Plantation Protection Department (PPD) to tighten quarantine control of imported cotton from Ghana from now until the day the decision is valid. A PPD representative said from July 2 to September

China next year may match its 2016 sales from state cotton reserves to help plug a growing deficit in supply, an influential trade website quoted a government official as saying. Plans by the world's top textile market to sell down its huge reserves of cotton are closely watched by the global market, with China holding more than half of the world's inventories after a years-long stockpiling programme. Amid growing financial pressure and a change in policy, it is now attempting to sell off tho

Cotton prices rose on Saturday on improved phutti (seed cotton) supply and strong buying from spinners and some exporters. The world cotton markets were mixed. The New York cotton moved higher for the second straight session and had psychological impact on the domestic market, brokers said. All the future contracts were up 70 US cents per lb. Indian and Chinese cotton markets remained under pressure due to slow activity in the textile industry. “This is the right time to stock quality cotton,

The latest report on cost of cotton production of the International Cotton Advisory Committee (ICAC) reveals that insect control costs are continuing to drop. Cotton farmers spent an average of only 12 US cents per kilogram of lint produced in 2015/16, which is 10 per cent of the net cost of lint production as against 16 US cents in the 2012/13 season. According to ICAC, the 25 per cent decline in insecticide costs per unit of lint is primarily due to more cautious use of insecticides by farm

The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign direct investment (FDI) capital was poured into the textile & garment sector. The three biggest projects alone have registered capital of $1 billion. Hyosung Dong Nai, a Turkish invested yarn manufacturer, has investment capital of $660 million. Meanwhile, a textile & garment material factory developed by Polytex Far Eastern from

CHINA’S economy performed better than expected in the third quarter and the country’s debt risks are under control, Premier Li Keqiang said yesterday. “China’s economy in the third quarter not only extended growth momentum in the first half but showed many positive changes,” Li said in the speech in Macau that was broadcast live on state television. Key indicators such as factory output, company profits and investment rebounded, he said, ahead of China’s release of third-quarter gross dome

Yarn Expo Autumn returns this week to the National Exhibition and Convention Center in Shanghai from October 11–13 with a record number of exhibitors and exhibition space. Exhibitor numbers have increased from 258 in 2015 to over 270 this year, while the exhibition area has expanded by 35 per cent to 11,500 sq. metres, thereby breaking the show’s record. Exhibitors will be seen from 12 countries including China, Hong Kong, Bangladesh, India, Indonesia, Korea, Pakistan, Singapore, Switzerland,

Global yarn production increased by 8.5 per cent quarter-on-quarter (q-o-q) in Q2 2016, owing to a rise in output in Asia, Europe and South America, the International Textile Manufacturers Federation (ITMF) said in its 'State of Trade Report Q2/2016'. However, the estimates and outlook for global yarn and fabric output for Q3 and Q4 2016 are negative. Global yarn stocks fell by 6.7 per cent quarter-on-quarter in Q2 2016. Yarn stocks reduced by 8 per cent in Asia, but they increased by over 3