In March 2013, the A Index rose to 98.85 cents per pound on the 18th before receding to 93.15 cents per pound on March 26. The recent surge in cotton prices may be due to concerns about a tightening supply-demand balance outside of China as China continues to build reserves. The United States used to be the largest cotton exporter to China, and U.S. shipments increased from 50,000 tons in 2001/02 to 1.3 million tons in 2011/12. Last season, India overtook the United States, exporting 1.94 mill

Even after bowing to the pressure of the Federal Board of Revenue (FBR) to deposit tax for supplies made to the registered persons, Faisalabad yarn industry still fears maltreatment under new sales tax regime. Industry people point out that they made supplies only to the sales tax registered persons duly declared valid on the FBR website. That they later turned out fake was not the fault of the industry, they added. “The actual culprits are the FBR officials who ignored the law during the re

SILK INDUSTRY. The Fiber Industry Development Authority (FIDA) intends to strengthen the silk industry to supply the huge demand from overseas markets. Photo from OISCA The local silk industry needs capital and government support in terms of promotion to take advantage of the huge global market, a government official said. Talking about the potential of the country's silk industry, Fiber Industry Development Authority (FIDA) administrator Cecile Soriano said they are preparing an investment

India is witnessing increase in textile machinery exports on account of slow growth and sluggish domestic demand in the textile and garment markets for such plant and machinery, said the Textile Machinery Manufacturers' Association (TMMA), S. Chakraborty said. "The demand in the overall textile industry is very low at the moment due to which, we are exporting the textile machinery goods. There is an increase in textile machinery exports in the country," he told SME Times. According to figures

New disputes over cotton contracts fell 53 percent in the first quarter, signaling a slowdown from the record number of defaults last year after prices plunged from an all-time high in 2011. Applications for technical arbitrations slid to 35 during the period, down from 75 in the same quarter of 2012, the Liverpool-based International Cotton Association said today in a response to e-mailed questions from Bloomberg. After cotton more than doubled in a year to a record $2.197 a pound in March 2

Brescia - Italian sock knitting machine builder Busi Giovanni has launched a new machine which the company says offers all the usual high-quality components the firm’s customers have come to expect but with an extremely attractive price point. Built entirely at the Italian family-owned company’s headquarters in Brescia, the Light MP is actually an optimized version of the existing Idea MP, the key difference being that the new machine does not have latch needles in the dial and therefore is n

About 12.8 million cotton bales reached ginneries by March 31 which are 12.15 per cent less as compared to 14.6 million cotton bales which arrived at ginneries during the same period. According to statistics of the Pakistan Cotton Ginners Association issued on Wednesday, there was reduction of 1,782,310 cotton bales observed in the ongoing season.As 9.4 million cotton bales reached ginneries while the number of cotton bales during last year was noted as 12 million in Punjab. In Sindh, a total

Battered by last year’s heavy rains and flood, cotton crop in Punjab has suffered a mammoth loss of over 2.5 million bales or 20.91pc over the corresponding period last year when production stood at 11.991m bales. According to figures released by the Pakistan Cotton Ginners’ Association (PCGA), arrival of phutti (seed cotton) up to April 1 from all cotton producing districts of the Punjab remained highly discouraging. This could be verified from the fact that fortnightly (March 15 to April 1

The Tirupur Exporters’ Association has sought an increase in duty drawback rate from the existing 7.9 per cent. Explaining the plight of the knitwear sector to the Duty Drawback Committee (set up by the Ministry of Finance) comprising Saumitra Chaudhuri, Member-Planning Commission and Chairman of the Drawback Committee, S.B. Mohapatra (former Textile Secretary), T.R. Rustagi, Gautam Ray and Vinod Kumar Agarwal — Members, Drawback Committee, TEA President A. Sakthivel said: “Exports had declin

A UK-based fabric manufacturer buying increasing amounts of New Zealand lambs' wool is asking farmers and others in the supply chain to clean up their product, by taking more care to remove thistles and other vegetable matter before it's shipped. Camira Fabrics is using the lamb's wool in a hard wearing upholstery fabric called Blazer made especially for office furniture. Contamination from plant material found in one particular container sent the supplier development manager, John Quarmby,