The first fortnight of August 2016 witnessed a decline in Brazilian cotton quotes, following the sharp drop in international cotton prices. “Brazilian cotton purchasers taking advantage of the movement, bought new batches for prompt delivery, which in turn hiked the pace of cotton trades,” CEPEA said. However, cotton growers continued to stay firm on their asking prices, keeping in mind the low cotton production amid urge to accomplish contracts by sellers. Quoting data from the Brazili

Myanmar-based Olympus Asia Group and Korean company Panko Corporation joint venture for building free-on-board (FOB) garment factories on 500 acres of land, for which they are looking for land in Yangon, Bago or Ayeywarwady regions. The project will start within one year and it will take three years to build the required infrastructure. According to the Myanmar Garment Manufacturers Association, vast majority of Myanmar’s garment factories operate under the cut-make-pack system. Under the CMP

Cambodian government making efforts to stimulate traditional silk production have had moderate success and steady sales of silk products in the Kingdom. The availability of cheap Vietnamese and Chinese silk and silk-cotton blends are adding extra stress to the further progress and development of the country’s centuries old homespun industry, said Mao Thora, secretary of state for the Ministry of Commerce, and chairman of the Cambodia Silk Sector Development and Promotion Commission. Cambodia

A delegation from the National Chamber of Textile, Industry of Mexico (Canaintex) will make a trip to Vietnam from August 27-28 to explore the garment-textile sector. The delegation is scheduled to visit seven factories and one industrial zone to study the process of making fiber and apparel products. According to the Chamber, the Trans Pacific Partnership agreement, once effective, will allow Vietnam to ship its garment-textile products to more markets, particularly the US. Vietnam is

Satec, in northern Cuanza Norte province, Textang II, in Luanda, and Africa Têxtil, in Benguela, which are industrial complexes rehabilitated under the country's industrialization programme gearing up to launch large scale fine cotton production with an intention to feed on a permanent basis to its textile industries. According to the minister of Agriculture, Afonso Pedro Canga, some private investors are designing their projects to launch the production of the raw material for the textile in

India has helped Egypt upgrade one of its largest vocational textile training centres with a $1 million support to equip the centre with latest technologies. “Egypt was identified by India as one of the countries for setting up of a vocational training centre (VTC) at the India-Africa Forum Summit with an outlay of $1 million,” the Indian Embassy in Cairo said in a statement. The upgraded centre in Shoubra El Kheima, Cairo, was inaugurated by Indian ambassador to Egypt Sanjay Bhattacharyya

Duong Hong Nhung, secretary of the Vietnam Leather, Footwear and Handbag Association (Lefaso), said at the 18th international footwear exhibition held in mid-July that the production cost in Vietnam was high because Vietnamese shoemakers had to import most of the materials they need. They also find it hard to access capital sources at reasonable costs. Le Dinh Dang, sales & marketing director of Viet Khanh Phu, a handbag, wallet and belt maker, confirmed that Vietnamese producers could

China's full-year exports are likely to see a bigger drop than last year as downward economic pressures remain in place, a senior analyst at a government think tank said on Friday. "Besides weak external demand, the country is suffering a hard time now," Long Guoqiang, deputy director of the Development Research Center of the State Council, told a news conference in Beijing. He indicated traditional advantages enjoyed in previous years, such as relatively low-cost labor-intensive manuf

Strong demand for quality cotton pushed prices higher on Saturday where most of the buying originated from Punjab spinners. The undertone remained firm and outlook optimistic. Floor brokers said that currently around 70 per cent demand for cotton was originating from Punjab-based spinners and only 30pc by the Sindh industry. However, world cotton markets once again gave mixed trend with New York and India coming under renewed selling pressure. The Chinese market, on the other hand, remaine

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