Textile Raw Material Price 2016-06-11 Item Price Unit Fluctuation Date Crude Oil WTI 50.36 USD/Barrel 1.35% 2016-06-11 Crude Oil Brent 51.44 USD/Barrel 1.76% 2016-06-11 PX 815 USD/Ton 0.62% 2016-06-11 PTA Buy 4590 RMB/Ton 0.33% 2016-06-11 PTA Sell 610 USD/Ton 0% 2016-06-11 MEG Buy 4925 RMB/Ton 0.51% 2016-06-11 MEG Sell 610 USD/Ton 0% 2016-06-11 CPL Buy 9

America's Agriculture Secretary Tom Vilsack has announced that the US Department of Agriculture (USDA) Farm Service Agency (FSA) will provide an estimated $300 million in cost-share assistance payments to cotton producers through the new Cotton Ginning Cost-Share programme, in order to expand and maintain the domestic marketing of cotton. "Today's announcement shows USDA continues to stand with America's cotton producers and our rural communities," said Vilsack. "The Cotton Ginning Cost Share

THE yuan edged up against a basket of currencies in May despite hopes for a stronger US dollar, according to an index released by financial services provider China Foreign Exchange Trade System. The yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of 13 currencies including the US dollar, euro and yen, stood at 97.15 at the end of May. That marked a gain from 97.12 a month earlier, CFETS said in an article published on its website yesterday. Th

Apparel export will predictably cross this fiscal year’s target as the earning is already more than $25bn with one month left before another year begins, according to latest official figures. The target was set at $27.37bn for the FY2015-16 after earning $25.49bn in last fiscal. After Rana Plaza tragedy in 2013, observers prophesied that the country’s biggest export industry might face severe image crisis and suffer loss of global market share. But it has continued to shine ever since a

Canada will be providing an unprecedented platform for apparel and textile manufacturers across the globe by hosting the Apparel Textile Sourcing Show (ATSC) – a first-of-its-kind event for the nation. Jason Prescott, CEO of JP Communications, parent-company to TopTenWholesale.com and Manufacturer.com and organizer of the event said that the introduction of ATSC is a direct response to market demand and fills a significant gap in the Canadian market. He added that ATSC provides an unparall

The garment industry in Fiji mainly works on cut, make and trim (CMT) basis is a major employer and an important source of export revenue. More than 40 garment companies operate in Fiji, 15 of which are based in the Western Division. The garment sector in the Western Division is returning to normality after having hit by severe tropical cyclone Winston, said Textiles, Clothing and Footwear Council of Fiji (TCF) president Kaushik Kumar. Many staff had damage to property and was unable to re

A modern textile production center to be constructed in Kolahun, Lofa County will be undertaken through its Rural Industrial program for the Promotion of Economic Empowerment with funding from the Government of Japan, according to the Ministry of Commerce and Industry in Monrovia. The project titled the Lofa Women Weaving Center is intended to promote the Ministry’s inclusive growth agenda by supporting the advancement of local production to fostering Small and Medium Enterprise (SME). The

Most companies using cotton do nearly nothing to improve environmental sustainability in its supply, environmental groups said on Tuesday, citing a report by an online green consumer site. Traditional farming of cotton, the second-biggest raw material for textile, makes heavy use of pesticides and water.Research by Rank a Brand showed 29 of the estimated 37 biggest cotton users scored red in the survey of policy, sourcing, use and traceability, the report commissioners the World Wildlife Fund, S

Pakistan's Federal Bureau of Revenue (FBR) has raised customs duty from the existing 15 to 16 per cent on the import of 508 items. These include purified terephthalic acid (PTA)—a raw material for polyester—and fabrics of noil silk, and dyes. Items now subjected to 16 per cent duty include woven fabrics of other vegetable textile fibres, woven fabrics of paper yarn, and other fabrics containing 85 per cent or more by weight of silk or of silk waste other than noil silk and Meranti Bakau and p

The Liberian government has announced that it will set up the country's first modern textile centre in Kolahun, Lofa County valued at $231,000. The project is expected to be completed in nine months. The project, called Lofa Weaving Centre promotes the Ministry's inclusive growth agenda and support the advancement of local production by fostering SME participation in cotton industries in Liberia, the Daily Observer newspaper has reported. Ellen Pratt, Deputy Minister for Commerce and Indus