India's cotton production in 2015-16 has declined to 338 lakh bales (one bale of 170 kg each), down 12.4 percent from 386 lakh bales in the previous year, to hit a six-year low, according to last month's update of Cotton Advisory Board (CAB). According to the Union agriculture ministry, area under cotton as on August 5 was 96.48 lakh hectare as against 105.68 lakh hectare a year ago. So the cotton production in the country is expected to hit a seven-year low in 2016-17 because of a reduction

Fifteen textile and garment enterprises from the Xinjiang Uygur Autonomous Region in China have signed agreements with 14 financial institutions to raise 10.4 billion yuan. The amount was raised during the third match-making meeting held between financial institutions and textile and apparel enterprises from the province. In 2014, 3.2 billion yuan was lent by financial institutions to textile enterprises in the province following a match-making meeting. Last year, the amount raised was 4.6

The ministry of finance, Government of India, has imposed anti-dumping duty ranging between $0.180 and $0.194 per kilogram on 'viscose staple fibre (VSF) excluding bamboo fibre' imports from China. The revenue department of the ministry of finance has announced levying of anti-dumping duty ranging from $0.103 to $0.512 per kilogram on 'VSF excluding bamboo fibre' imports from Indonesia. The duty, which would be in place for five years, has been imposed following recommendation of the desi

The Tunisian textile industry’s local production that currently accounts for only 20 percent of the goods available for purchase on the local market is threatened by uncontrolled imports and smuggling, said Habib Hzami, general secretary of the general federation of textile, clothing and leather and footwear at the Tunisian General Labour Union (UGTT), on Sunday. He added that more than 300 companies operating in textile, clothing, leather and footwear were closed during the last five years a

The Chinese economy is showing signs of stability but domestic demand remains fragile. China's consumer price index (CPI) grew 1.8 percent year on year in July, virtually unchanged from 1.9 percent in June, while the producer price index (PPI), which measures costs of goods at the factory gate, dropped 1.7 percent, the National Bureau of Statistics announced Tuesday. Inflation remained benign, with no immediate pressure for a raise in interest rates. PPI continued what has become 52 months

Cotton prices slightly came under pressure on Tuesday in line with world markets where China is re­­ported to have released some of its cotton stock for auction. After the news most world cotton markets came under pressure and closed easy. As a result, cotton prices on the domestic market fell by around Rs150 to Rs200 per maund. Similarly, most world cotton markets also closed easy under the lead of New York cotton which lost two cents per lb. The current spell of rains has almo

In International market cotton was traded at 77 cents from 62 cents three months ago, a rise by 24.19 percent due to a fall in supplies by China and India, two major cotton producers and consumers. Six months ago the price was below 60 cents, according to industry insiders. According to Hissam Khandker, director of Delcot Enterprise Ltd, a leading cotton importer of Bangladesh, it is a short-term hike. He hopes that the price will start declining from November when new crops will be available

By combining two genes which can improve its output of Bt toxins, a research paper from Delhi University has claimed to have hiked Bt cotton's level of resistance to pests. The amount of Bt toxins produced, when the two genes are combined in a cotton plant rises by 4 to 5 times higher than those available in the market currently. According to the paper, this development can prove crucial in dealing with insect attacks that may increase because of global warming. In recent times, pink bo

Nearly 25 new textile technologies will be launched at the 10th India International Textile Machinery Exhibition (ITME 2016), India biggest textile machinery fair to be held in Mumbai in December 2016. “These 25 technologies include eight for the spinning sector, seven for processing and nine for weaving,” Sanjiv Lathia, chairman of India ITME 2016 informed reporters in Coimbatore. Additionally, 162 new companies, including 32 from overseas countries will partake and exhibit their textile

On the occasion of National Handloom Day on August 7, Prime Minister Narendra Modi said the growth in the handloom industry would not only ensure employment, but also be a means of women empowerment. “On National Handloom Day, let us affirm that we will give an impetus to the handloom sector and use more handloom products in our daily lives,” he stated. "Our handloom sector is diverse, eco-friendly and is a source of employment for countless weavers, who will be very encouraged by our supp