Tamil Nadu textile industry which employs fifty lakh people and earns Rs 50,000 crores in foreign exchange faces a virtual shut-down with the hike in diesel price. Southern India Mills Association (SIMA) says that the hike would push cost of production by Rs 4 since the bulk purchase of diesel would cost extra Rs 11 per litre. This would affect the lives of ninety-one million workforce employed in textile industry. Indian textile industry operating out of rural India and employing mostly wom

Cotton production in the country may exceed the estimated target of 13.3 million bales for the current season, industry sources revealed to Business Recorder here on Friday. The Cotton Crop Assessment Committee (CCAC) has projected cotton production at 13.3 million bales against the initial estimate of 14.6 million bales for the current season 2012-13. However, over 12 million cotton bales have reached the market up to January 15, 2013 for local consumption as well as for exports as compared to

Egypt agreed to export 1,978 metric tons of cotton in the week ended Jan. 17, according to the Alexandria Cotton Exporters Association. The country has shipped 33,115 tons of the fiber, valued at $95.1 million, since Sept. 1, the association said today in its weekly bulletin. Exports last week included 46 tons of the Giza 88 variety and 1,932 tons of Giza 86, it said. Egypt produces the world’s finest extra-long staple cotton, which is stronger and softer than shorter staple cotton, and is use

Iraqi crude oil exports slightly decreased in December 2012 compared to the previous month, but the income of exports last year was sharply higher than 2011, the Iraqi Oil Ministry said Monday. Iraq exported a total of 72.8 million barrels of oil in December 2012, bringing in 7.551 billion U.S. dollars in revenues, with an average selling price of 103.723 dollars per barrel, the ministry said in a statement. In December, Iraq exported 62.7 million barrels through the southern port of Bas

Cotton prices dropped as demand declined on Monday. Along with this, increasing cotton arrivals in Gujarat and across the country also supported the bearish trend. Cotton prices decreased by Rs 150-200 a candy (356 kg) in Gujarat. Sankar-6 cotton for A grade was quoted at Rs 34,000-34,200 a candy and B grade cotton at Rs 33,900-34,000 in Gujarat. V 797 cotton was offered at Rs 26,000-26,500 a candy. About 55,000-56,000 bales cotton arrived in Gujarat and 1.96 lakh bales cotton arrived in I

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor Vong Sauth, GMAC’s president Van Sou Ieng, and representatives of trade unions in Cambodia. “The meeting agreed in principle to discuss wage increase for the workers,” the press release said. “All

The garment industry is attracting greater interest from Western buyers who have been weighing the advantages of the country’s large and inexpensive labour force against the shortcomings of its infrastructure, industry representatives say. At the same time, Chinese and Taiwanese manufacturers who had registered garment factories as domestic entities have submitted applications to the Directorate of Investment and Company Administration to re-register them, said Khaing Khaing Nwe of the Myanmar

Item WidthCM Specification/Weight（meter） Wholesale Price: yuan/meter Levigated suede nap 150 300 13．00 T/C80/20 machine Dyed Plain fabric 150 45S×45S 110×76 6．40 Polyester golden-thread slubbed window screen 280 300 11．30 Nylon/polyester double wale dyed window screen 280 nylonpolyester30D×20D/35tatting 4．00 Full-size polyester clipping printed curtain fabric 280 600 18

Singapore, Jan 22 Oil prices were mixed in Asian trade today on geopolitical concerns triggered by a bloody showdown between Islamists and Algerian forces, with weaker crude demand capping the gains.New York’s main contract, light sweet crude for delivery in February, was down six cents at $95.50 a barrel while Brent North Sea crude for March delivery gained 19 cents to $111.90. “On one hand, we have geopolitical risks that are supporting prices,” said Victor Shum, Managing Director at IHS Purvi