the world's top cotton consumer, will auction an initial volume of 1 million tonnes of cotton from its 10 million reserves during July and August, said the country's top economic planner on Tuesday, according to media reports. Beijing will offer 330,000 tonnes of domestic cotton from the … Read more about Massive Chinese Cotton Auction Likely To ShakeUp Market China
India Keen To Cooperate With Iran on Textiles
Textile and steel are two important sectors in Iran’s Isfahan province where India and Iran can cooperate for mutual economic development, Indian ambassador to Iran DP Srivastava said. The ambassador’s remarks came in a meeting with head of Isfahan Chamber of Commerce. He expressed India's … Read more about India Keen To Cooperate With Iran on Textiles
Falling Exports Worry Pak Textile Mills
All Pakistan Textile Mills Association (Aptma) has expressed worries over declining trend in textiles exports, saying that the industry is on its way to becoming ‘history’ since the government has turned its back, Pakistani newspapers have reported. “The Association has been blowing the whistle … Read more about Falling Exports Worry Pak Textile Mills
New Crop Cotton Sale Makes Its Debut
New Crop Cotton Sale Makes Its Debut New cotton crop (August 2015 / July 2016) will start being ginned in at least two factories. One factory is located in Matiari in Sindh and the other factory is reported to be in Khanewal in the Punjab. Three or four more ginning factories may start ginning new … Read more about New Crop Cotton Sale Makes Its Debut
Cotton Market: Trade Activity Improves On Rising Demand
Prices halted decline on the cotton market on Saturday as needy spinners indulged in buying to meet their needs, dealers said. The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, over 5000 bales of cotton changed hands between Rs 5400 and Rs 5650, they said. Seed … Read more about Cotton Market: Trade Activity Improves On Rising Demand
Export Parity Underpinning Brazilian Cotton Prices
After successive drops between the period May 5-26, 2015, export parity is underpinning Brazilian cotton prices mainly because of high exchange rate. “In the last week, Brazilian cotton quotes were just 5 per cent above export parity, which had not occurred since mid-March,” CEPEA Brazil said in … Read more about Export Parity Underpinning Brazilian Cotton Prices
Vietnam, Germany to Set Up Joint Chamber of Commerce
Vietnam and Germany will soon establish a joint chamber of commerce to boost trade of both sides to promote and increase business opportunities, especially when the Vietnam-EU Free Trade Agreement is signed, the Vietnam chamber of commerce and industry (VCCI) said on its website. Dr Vu Tien Loc, … Read more about Vietnam, Germany to Set Up Joint Chamber of Commerce
Pak Budget Tries To Boost Textiles Sector
Pakistani finance minister Ishaq Dar has announced a few sops for the country’s beleaguered textile sector in the budget for 2015-16. “Textiles industry is the mainstay of Pakistan's economy. It accounts for more than 50 per cent of our exports value and is the single largest employment … Read more about Pak Budget Tries To Boost Textiles Sector
APTMA Welcomes Cut In Policy Rate
All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has welcomed a reduction in policy rate by 100 basis points by the State Bank of Pakistan here on Saturday. "It will provide relief to the industry, especially the textile industry which is already facing a high cost of doing … Read more about APTMA Welcomes Cut In Policy Rate
India Woos Bangladesh As China Cuts Cotton Imports
Bangladesh may emerge as an unlikely saviour for the Indian cotton sector that has been left reeling in the face of low Chinese imports. Indian cotton export is expected to fall to a six-year low as China continues to cut imports. According to government estimates, lesser cotton imports by China may … Read more about India Woos Bangladesh As China Cuts Cotton Imports
EVS’ iBar Monitoring System Accepted at Textile Firms
Elbit Vision Systems Ltd. (EVS), a global provider of vision technology for automatic surface inspection and in-line quality monitoring systems, has announced that two major European manufacturers and a leading US textile manufacturer have given formal acceptance on its new product, iBar, the … Read more about EVS’ iBar Monitoring System Accepted at Textile Firms
Yarn Expo Exhibitors Expect Chinese Yarn Market to Perk Up
China’s cotton yarn market, one of the biggest in the world, has been relatively quiet since the country ended its cotton stockpiling policy last year. However, exhibitors at the Yarn Expo Spring show in 2015 had said they have seen signs indicating the market is starting to pick up. KL … Read more about Yarn Expo Exhibitors Expect Chinese Yarn Market to Perk Up