To deal with farmer distress and mill owner woes when a cotton crop fails, the textile ministry proposes to create a dedicated cotton price stabilisation fund. Textile minister K S Rao said, “The proposal will go before cabinet next month.” A part of the earnings from cotton exports will be used to create the fund corpus, which will be leveraged to pay the difference in prices in adverse times. The details were still being worked out, he told Financial Chronicle. India produces 34-35 million

China's cotton textile industry is facing difficult challenges, as sales have been poor amid the weak recovery of the international market, as well as domestic factors. The Fujian Hongyuan Group, located in southeast China's Fujian Province, is the largest cotton textile enterprise in the province, with an annual output value of 1 billion yuan (163 million US dollars). "Cotton textile sales have not been desirable so far this year, especially those of foreign trade enterprises," said Chen Ca

The 29th World Fashion Convention will be held in Shanghai this year. It is the first time the IAF Convention takes place in China and if ever there was a good time to take a closer look at the hugely important and extremely dynamic roll of China in the global fashion chain it is now, in 2013. As a production country, China has risen to be the main apparel production country by far with a percentage of world exports of close to 40%. This percentage is slowly decreasing. This is well known, but

Despite challenges of energy shortage, the textile sector of the country performed well during the fiscal year 2012-13 as its exports increased by 5.90 percent when compared to the exports of the corresponding period of last year. The textile exports during July-June (2012-13) were recorded at $13.064 billion against the exports of $12.336 billion in July-June (2011-12), according to the latest data of Pakistan Bureau of Statistics (PBS). The textile products that contributed in positive growt

The global apparel market will cross the US$ 2 trillion mark from the current value of US$ 1.1 trillion, which suggests an addition of nearly US$ 1 trillion in the market presenting huge business opportunities for sector players, according to ‘Road to 2025: Textile and apparel sector report’, released by Wazir management consultants. A major share of this market creation is expected to happen in China, India, Brazil and Russia where the growth of per capita spent on apparel (PCA) will be high

The Brazilian textile manufacturing industry may come under threat as neighbouring Peru eyes up opportunities for expansion in Latin America’s biggest textile market. Peru currently exports $102 million in textiles and apparel to Brazil annually (in 2012), and these exports have been increasing annually by 15% on average since 2010, according to the Brazilian Textile and Apparel Industry Association (ABIT). With a high tax burden being imposed on Brazil’s textile manufacturers, importing h

Turkmen President Gurbanguly Berdimuhamedov said that currently good crude cotton crop ripens on Turkmenistan fields. "It is necessary to conduct qualitative and timely agrotechnical activities, prepare the whole agricultural machinery to the harvest season in order to reap the crop," he said, local media reported. Noting that the main task is the organized launch and conduction of crucial agricultural campaign- cotton gathering, the President demanded from the province administration to car

In the first fortnight of July, cotton prices remained moving up in the Brazilian market, in spite of price drops in the international scenario. The demand from the industry that usually purchases only for immediate consumption and the lower quality of the cotton available continued to push up cotton quotes in the period. Processing companies that have stocks and contracts to receive were less interested in purchases in early July. Players from these unities say that they may close new purch

Indian textile and apparel industry would have to work hard and address issues on timely delivery so as to reach four-fold increase in size to $200 billion by 2025 as recently claimed by a survey, industry experts said. To attain the projected figure, phenomenal impetus and radical transformation in the sector and lots of hard work is needed, experts said. More over productivity of the work force of the industry would have to be increased. According to a survey by management consultancy firm

The Japan Department Stores Association reported that nationwide sales in June (85 firms, 243 stores) increased by 7.2% over the same month of last year to 516,765 million yen, thus increasing for the second straight month. The increase was the sharpest since the 14.1% rise in March 2012. January-June sales rose by 2.3% over the year before to 3,002 billion yen. Factors increasing June sales were favorable weather throughout Japan during the month, and the facts that holidays numbered 1 day