Output of global yarn production plummeted in Q4/2012 in comparison to the previous one due to lower output in Asia, North and South America, while production in Europe increased. Also year-on-year global yarn production dropped as a consequence of lower production in Asia and North America and despite higher output in Europe and South America. Global yarn stocks rose in Q4/2012 in comparison to the previous quarter mainly due to higher stocks in Asia and Europe while inventories in South A

Show organizer Messe Frankfurt's portfolio of global events next year will include Heimtextil India, which will take place June 19-21 in in Hall 11 of Pragati Maidan, New Delhi and targets the country's growing contract and retail trade. "The Indian textile market has always been an international pioneer and is currently the second biggest in the world," said Olaf Schmidt, Messe Frankfurt's vp of textiles and textile technology. India's textiles market is projected to grow at a compound annu

After cancelling its licence to sell 12 varieties of Bt cotton seeds last year, the State government has allowed Maharashtra Hybrid Seeds Company (Mahyco) to sell the seeds in the coming kharif season, subject to certain conditions. Confirming this, State agriculture commissioner Umakant Dangat told The Hindu on Monday that Mahyco had given an affidavit to him stating that the company would supply 10 lakh packets of Bt cotton seeds of the popular MRC 7351 variety. The company would submit a deta

In April, Bangladesh's exports rose nearly 10 percent to $2.08 billion from a year earlier, rising for a 10th month, thanks to stronger clothing sales, the Export Promotion Bureau said on Tuesday. But industrial accidents, such as the April 24 collapse of a garment factory complex where more than 700 people died, have raised serious questions about worker safety and low wages, and could taint the reputation of the poor South Asian country, which relies on garments for 80 percent of its exports.

China National Cotton Group, one of the leading players in the country's cotton industry, has set up North China's largest cotton storage base in Weifang city, Shandong province. Warehouses at the base have a total storage capacity of 100,000 metric tons and to date have stored more than 20,000 tons of state reserve cotton, according to the company. It said it plans to expand the base to double its storage capacity, with a commodity handling capacity as high as 500,000 tons, making it the la

China's daily crude oil imports in April rose 3.7 percent from a year earlier and rose 3.5 percent from a month earlier, customs data showed on Wednesday, as refiners took advantage of lower prices to replenish crude oil stocks. China, the world's largest crude buyer after the United States, shipped in 23.08 million tonnes, or 5.62 million barrels per day (bpd), of crude oil last month, up from 5.42 million bpd the same month a year ago and 5.43 million bpd in March. "Crude oil stocks fell qu

Punjab has achieved 16 percent of cotton sowing targets fixed for the sowing season 2013 to fulfil the domestic requirements of the commodity as well as to export it. The sowing is 16 percent higher than that during the same period of last year, said Cotton Development Commissioner in the Ministry of Textile Industry Dr Khalid Abdullah. Talking to Agency here on Tuesday, he said that up to May 6, cotton crop had been cultivated over 987,756 acres which was recorded at 928,305 acres during same

To end on May 15, 2013, this year’s farming season has already yielded 221,000 tons of cotton, the President of the National Cotton cartel of producers, CNPCC, Ousmane Ousmaté, told Le Quotidien de l’Economie on Friday May 3, 2013. By this time last year the harvest was only 180,000 tons hence an increase of 41,000 tons. But according to CNPCC the produce could have been higher but bad roads in some production basins force farmers to sell their crops to neighboring Nigeria as they are unable t

Market forecasts for a surge in US crude inventories dragged down oil prices in the Asian trade today, analysts said. New York’s main contract, light sweet crude for delivery in June, dropped six cents to $95.56 a barrel and Brent North Sea crude for June delivery shed 23 cents to $104.17. “US oil stockpiles are already at record levels, and you would assume they will continue to increase with plentiful supply and weak demand,” Jason Hughes, head of sales trading at CMC Markets in Singapore,

Garment exporters yesterday expressed concern about the two-day shutdown beginning today as a big team of buyers from 20 top global brands will arrive in Dhaka tomorrow. The exporters also urged the opposition alliance to call off the 36-hour strike. “The garment sector is in choppy waters, especially after the Savar tragedy. The ongoing political violence has added further woes,” said the Bangladesh Garment Manufacturers and Exporters Association, and Bangladesh Knitwear Manufacturers and E