Textile Raw Material Price 2017-02-12 Item Price Unit Fluctuation Date Crude Oil WTI 53 USD/Barrel 1.26% 2017-02-12 Crude Oil Brent 920 USD/Barrel -0.22% 2017-02-12 PX 55.63 USD/Ton 0.93% 2017-02-12 PTA Buy 5605 RMB/Ton -0.18% 2017-02-12 PTA Sell 685 USD/Ton 0% 2017-02-12 MEG Buy 7910 RMB/Ton -0.75% 2017-02-12 MEG Sell 935 USD/Ton -0.32% 2017-02-12 CPL Buy

In view of Brexit, the change in the US presidency, the US withdrawal from TPP and other events, the global textile and garment industry has had its fair share of politics influencing day-to-day operations lately. This is why Kingpins, the international boutique denim sourcing show, broadcast an expert panel discussion titled "Live: Kingpins Goes to DC: Trump, Trade and the Future of the Global Textile Industry" to explore the intersection between government and the textile and fashion industrie

Move would help to strengthen economic ties throughout the Asia-Pacific region China should join the Trans-Pacific Partnership as soon as possible to build closer business ties with countries in the Asia-Pacific region and further cut the possibility of trade friction, according to a report by a leading think tank. The report, released on Thursday by the Beijing-based Center for China and Globalization, said that China should not be absent from the TPP after US President Donald Trump decid

Cotton is produced in around 80 countries worldwide on an average of 33 million hectares, or 2.5 % of the world’s arable land. Cotton is one of the most important crops in the world, alongside cereals and soya beans. More than 250 million people around the world live from cotton farming. Agriculture always leaves behind traces in the environment but many years ago, the cotton industry already started to keep these traces as minimal as possible. With success. So, does cotton consume a lot of w

Uzbekistan, a major cotton producing country has set a task to process all cotton produced in the country into textiles by 2020, as against 40 per cent of the cotton that is processed currently, and just 7 per cent in 1991. As of date, the country exports textiles to over 50 countries and more recently has begun exports to Nigeria, Croatia, Chile and Brazil. According to Uzbek media reports, of overall textile exports, yarn shipments account for nearly 50 per cent, which will be gradually rep

The Myanmar Investment Commission (MIC) has suggested that apparel stitching factories be set up in Ponnakyun, Sittwe in a bid to create job opportunities for local people and also stop migration.MIC has recommended several fiscal incentives for companies interested in starting projects in Sittwe, to encourage investment in a less developed region. A MIC statement informed that these incentives include an income tax exemption for seven years and exemption on customs duties and local taxes, on

ISPO Munich, the ongoing sports expo with over 2,700 exhibitors from the fields of outdoor, ski, action, performance sports, and sourcing at Germany, from February 5 to 8, 2017, is showing latest skiing fashion trends. All of the skiing fashions for Alpine sports, snowshoeing, winter mountain biking and for walking, is displayed at the exhibition. New materials including extremely efficient functional materials which stretch in all directions, as well as technological innovations like fully t

Google is teaming up with H&M-backed digital fashion house Ivyrevel’s fashion tech lab to bring couture into the digital age with its ‘Data Dress’ that is personalised entirely on the user's activities. The Coded Couture ‘Data Dress’ will be personalised through an Android application, which is currently under development that utilises Awareness API that Google made available to all developers through Google Play last year. The idea is that the API will passively monitor the user's daily

Garment production volume in Kyrgyzstan increased significantly in 2016 as compared to the years 2013 and 2015. This also resulted in an increase in the orders for garments from Kazakhstan and the Russian Federation. The production in the garment enterprises are operating to their full potential, however, there seems to be a lack of skilled workers. The Association of Light Industry Entrepreneurs, Legprom, carried out the research that says garment producers of the country lack skilled worke

Global yarn production increased in Q3 2016 both on quarter-on-quarter and on year-on-year basis as output rose in Asia and South America. Global fabric production too increased in Q3 2016 against Q2 2016 and Q3 2015, again due to rise in output in Asia and South America, the International Textile Manufacturers Federation (ITMF) said in its latest report. In Q3 2016, global yarn production increased by 3.4 per cent quarter-on-quarter, as Asian yarn output strengthened by 3.7 per cent quarter-