cotton yarn production grew by 2 per cent to 4,136 million kg in FY2016, which is the slowest pace of growth during the last four years, professional investment information and credit rating agency ICRA has said. In its update on India's spinning sector, it pointed out that earlier, cotton yarn production had grown by 14.6 per cent, 9.6 per cent and 3.2 per cent respectively in FY2013, FY2014 and FY2015. Further, as 3/4th of India's spun yarn production is cotton-based, the growth in total sp

Handloom and powerloom weavers in Tamil Nadu will now benefit from free power supply. One of the first decisions that Chief Minister J Jayalalithaa took after being sworn in for a second consecutive term, was to announce free power in different slabs for both domestic and industrial customers. While handloom weavers will get 200 units of free power, powerloom weavers will get 750 units without being charged. The Tamil Nadu Power loom Federation has thanked Jayalalithaa for the free power s

Exports of textile and clothing fell eight per cent to $10.4 billion during the first 10 months (July-April) of this fiscal year from $11.3bn a year ago, the Pakistan Bureau of Statistics said Monday. The exports stood at $1.03bn in April, a fall of 3.5pc compared to $1.07bn in the same month of the last year. Exports of the value-added textile sector, after increasing for a few consecutive months, also dropped. The textile and clothing sector has been facing chronic energy shortage and

US cotton demand, including mill use and exports, is expected to increase 12 per cent to 14.1 million bales in 2016-17, as exports are projected to rebound, the US department of agriculture (USDA) said in its latest report. In 2015-16, the limited supplies—particularly of higher quality cotton—and sharply lower imports by China reduced demand to a 30-year low. For 2016-17, exports will continue to account for the majority of US cotton demand at 10.5 million bales, accounting for 74 per ce

For the second consecutive season, global cotton consumption will expand slightly and surpass production in 2016-17, according to the initial projections by the US department of agriculture (USDA). Compared to world cotton production forecast of 104.4 million bales in 2016-17, cotton mill use is projected at 110.8 million bales, the USDA said. After a slight decrease in 2015-16, world cotton mill use is projected to rebound due to modest growth in global gross domestic product (GDP) and t

In Ethiopian textile and apparel sector, presently there are 60 companies, out of which 32 are foreign companies are operating. In the past nine months the Ethiopia’s textile export earning has shown significant decline by generating only USD 65 million against the set target of USD110 million for the period. Commenting on the issue Taddese Haile, State Minister for Industry, said that the slip was because of low performance, failure to expand market and business administrative issues of larg

The falling cotton prices attracted some buying from needy spinners who readily picked lots of their choice. However, trading volume could not increase due to short supply of quality cotton. According to market sources, the prices came under pressure on reports that spinners faced with cotton shortage have booked around 60,000 tonnes of cotton for import from West African countries. Most of these import shipments are due in June and July when spinners would be needing cotton. As a resul

Running a garment factory is no easy task, even - or especially when - more than 80 percent of all exports are taken up by readymade garments. And even when safety requirements have been fulfilled. There are many other factors like local and global competition, constant time pressure, shortages of resources like electricity and gas, high interest rates for bank loans and the devaluation of currencies in target countries to make survival tough. In Bangladesh, 319 garment factories will have t

Despite increasing number of countries competing in the garment export business, the United States was still the key buyer and the main market for Cambodian garment and textile industry, said the Minister of Labor Lth Sam Heng after a meeting with US ambassador William Hiedt at the ministry on Wednesday. Mr Sam Heng said that the United States’ market is still very important for them. Although it is now the second biggest importing market after the European market, it is still big and worth b

Despite the slight easing in growth momentum as shown by April economic data released on Saturday, Chinese economy has shown continued improvement in restructuring. The year-on-year growth of fixed-asset investment, industrial production and retail sales all cooled in April after a recovery in the first quarter, according to the National Bureau of Statistics. But in month-on-month terms, all had positive growth. Importantly, there have been some encouraging changes in the structure of growth.