After increasing for four consecutive months and reaching the highest level in 2015 in October, high cotton availability pulled down the CEPEA/ESALQ cotton Index. “The Index reached its highest price at 2.3656 BRL per pound on October 2, but slipped 1.04 per cent in October,” a CEPEA report said. “However, the average of the month, at 2.3512 BRL or $0.606 per pound, was 1.27 per cent higher than in September 2015 and 30.6 per cent up compared to October 2014,” it added. Exports, in turn

Invista is one of the world's largest integrated producers of polymers and fibers, primarily for nylon, spandex and polyester applications. Also the owner of the Lycra brand unveiled the patent pending technology at the recent Kingpins Denim shows in Amsterdam and New York under the banner ‘Hybrid technology by Lycra brand’ for knitted denim. The new developed technology for knit denim fabrics provides the comfort and flexibility of a knit with the authentic aesthetics and performance of a wo

Burberry Group plc is a British luxury fashion house, distributing outerwear, fashion accessories along with other manufacturers by tapping into rolling demand for quality British products in Asia and South America, have given the textile industry a new lease of life. The FTSE 100 company will switch the making of its famous trenchcoat, which sells for more than £500, from two ageing plants to create about 200 new jobs in the city centre from 2019. Burberry’s plan to invest £50m in a new

During the inauguration of the 13th fair “Maroc in Mode et Maroc Sourcing” held by the Association Maroccaine des Industries du Textile et de l’Habillement (AMITH) in Marrakesh, the Minister of Industry, Trade, Investment and Digital Economy of Morocco Moula Hafid Elamaly underscored a weighty plan to accelerate the country’s textile sector As a part of the Industrial Acceleration Plan , Rabat – Morocco sets to seek MAD 6.5 billion of textile exportations by 2020. This ambitious strategy is b

A government-ILO joint inspection found that safety standards of the readymade garment factories which do not supply products to renowned global brands were better compared with that of the supplier factories of the European and North American brands and buyers. In a joint press conference, the Department of Inspection for Factories and Establishments and the International Labour Organisation published the outcomes of the factory inspection under the government-ILO initiative showing that onl

Vietnam will increase its cotton and fabric production to meet the high demands of garment exporters, said an official of Vietnam Cotton and Spinning Association (VCOSA) at the recently concluded 15th Vietnam International Textile & Garment Industry Exhibition, as per Vietnamese media reports. Nguyen Hong Giang, general secretary of VCOSA, said that domestic garment exporters will need to make use of either locally produced cotton or import cotton produced by the member countries of the

During the last three and a half months, over one million spindles capacity has been closed down in Pakistan mainly because of the unbearable high cost of doing business, said Tariq Saud, chairman of All Pakistan Textile Mills Association (APTMA). He said that all these spindles were predominantly contributing to the exports of the country. The main cause of closure is the unaffordable cost of energy, particularly the extortionate and unjustified burden of Rs3.63 per unit surcharges inclu

With the conclusion of Trans-Pacific Partnership agreement, the apparel produced in the Southeast Asian country for the United States market will be tariff-free. This has enticed Chinese textile manufacturer to Vietnam which is turning into a hot spot as it has become a major importer of fabrics and a leading exporter of clothing. But weak domestic production has left local companies struggling to cope with international demand. However, before the zero-tariff policy reached by the TPP, many

The country is expected to foot a bill of $1.2 billion for cotton imports to meet the shortfall as current season’s (2015-16) crop was damaged by monsoon rains and floods. On an average, domestic consumption of cotton by the spinning industry is at around 10.55 million bales. During last cotton season, the country produced around 10.480m bales and imported about 1.2m bales to meet the demand. The total available cotton last year for the spinning industry was around 10.60m bales out o

The cotton ginning industry facing loss of about Rs 8 crore a day on trading roughly around 80,000 bales every day due to weak prices. There are around 4,500 ginning units in the country, almost half of which are not operational at the moment According to industry estimates, ginners are losing Rs 800-1,000 per bale as cotton prices have fallen by Rs 1,000 per candy to Rs 32,000-32,500 in the last two weeks, while prices of cotton seeds are down by Rs 75 to Rs 400-425 per 20 kg. Given the weak