Cotton output in all major producing countries in the year has been anticipated to be lower than the previous season. But with domestic trade estimating India ‘s cotton production at around 400 lakh bales, it is likely to emerge as the largest cotton producer in the world in 2015-16. According to sources in Southern India Mills' Association (SIMA), the apex body of spinners in the Southern Region, China has had to vacate its place as the largest producer of cotton to India. The sources sa

The government on Monday imposed a ban on raw jute export for one month with effect from today in a bid to ensure supply of the fibre to the local jute mills and to implement the Mandatory Jute Packaging Act 2010. In a circular, the textiles and jute ministry said that for the proper implementation of mandatory jute packaging act under section 4 and 13 of the Jute Ordinance 1962 the export of raw jute would remain stopped for one month from November 3. Jute exporters, however, said that th

Century Textiles and Industries today reported a standalone loss of Rs 24.26 crore in the second quarter ended September 30, due to higher finance cost. The company had posted a net profit of Rs 77 lakh in the same quarter last fiscal. Century Textiles also announced the appointment of Kumar Mangalam Birla as its Vice Chairman with immediate effect. Net sales during the period under review stood at Rs 1,877.35 crore as against Rs 1,653.63 crore in the year-ago period, Century Textiles a

Prices came under pressure on the cotton market on Monday on higher phutti (seed cotton) arrival reports and landing of imported cotton. Floor brokers said that the week-end ‘downward trend’ noted in cotton prices intensified when trading resumed on Monday as some ginners having ‘long’ position rushed to unload their stocks on fear of further fall in prices. The phutti arrival report, going to be released in next couple of days by ginners’ body, will determine future course of cotton price

PAKISTAN’S leather industry has gone through some difficult years in the recent past owing to both internal and external factors. The last fiscal year was one of the toughest as global commodity prices crashed and a slowdown gripped Europe. And the present year is feared to be even worse. “Every business carries some inherent risks. However, no business can survive the kind of losses that the leather and leather products industry suffered when international commodity prices came crashing

In order to meet their own power consumption needs owing to its advantages, several spinning mills and garment units in the southern Indian state of Tamil Nadu have set up solar panels on their rooftops, according to a textile association. Solar rooftop panels are also being set up by spinning mills and garment units to be ready in case the state government decides to implement the Solar Purchase Obligation Regulation. Tamil Nadu government had announced a Solar Policy in 2012 stating that

The Sri Lankan clothing industry has been a pioneer in adopting environmentally friendly manufacturing and waste management methods in order to improve its market image—at a time when the clothing industries in other countries have struggled to maintain theirs. It has built up a good reputation for quality and delivery among buyers in the markets of developed countries and has the potential to capitalise further on its inherent strengths, according to a report in the latest issue of Textile Outl

Following imposition of ten percent regulatory in import of Indian yarn, Shahid Rasheed Butt, patron of Islamabad Chamber of Small Traders on Friday expressed concern on rising price of cotton yarn in the local market . Shahid Rasheed Butt said that the decision should be reviewed as value-added textile sector including garments and home textile sector which is providing jobs to millions and contributing more than any commercial part of the economy to the export earnings presently at 45 perce

Chairman Senate Standing Committee on Textile Senator Mohsin Aziz has expressed concern over declining textile export of the country and asked the government to take pragmatic measures to cope with the situation. “The Government should be worrisome about the declining of textile exports of the country,” Aziz asked, in a press statement issued here on Sunday. He said: “How to control and how to bring export to normal and to increase it, should not be concerned of the government, as planned

Denim exporters expect that their export volume would reach $7 billion by 2021, should they can address the challenges including crisis of gas connection and innovative technical knowhow. They see huge opportunity of gaining more space in the international markets within next five years as the sector has got remarkable response from the global buyers on the eve of a denim fair to be held in Dhaka in November 11-12. ‘The compliance standard in our denim subsector in Bangladesh is superior