ICE cotton fell to a two-week low on Tuesday, pressured by limited mill buying, technical weakness, and forecasts of rains in drought-ridden Texas, the top producing state, that have alleviated worry over supplies in the world's top exporter. The most-active December cotton contract on ICE Futures US edged down 0.73 cent, or 0.9 percent, to settle at 84.37 cents per lb after falling to 83.91 cents, the contract's weakest level since July 1. "There's a lack of interest from mills, giving prices

Energy supply to the textile industry in Punjab has been reduced heavily both by the Pepco and the SNGPL since January 2013, bringing down the growth of textile exports to 4.6 percent against 30.6 percent in India, 19.2 percent in China and 12.0 percent in Bangladesh on an average per year for the period 2005-11. According to the data available with Business Recorder, electricity loadshedding has increased to 10 hours a day in July 2013 with power generation of 15000MW against 6 hours a day in

The tragic incident of the Rana Plaza collapse at Savar that killed some 1,127 people last April shocked the entire world. The collapse came five months after 112 garment workers who died in a fire in another factory, Tazreen Fashion. This has put Bangladesh apparel industry in a very dire situation for the irresponsible action of both factory and building owner. Such failure must be tried quickly according to law and should act as a deterrent, according to the editorial of the current ICCB News

Modernization and upgradation of powerloom machines in the country's man-made fibre (MMF) hub is all set to get a major boost with the launch of the venture capital fund and the hire-purchase pilot schemes by the central government. The schemes are aimed at increasing the credit flow in powerloom sector. Invitee member of All India Powerloom Board Arun Jariwala said that an umbrella trust will be set up by the Small Industries Development Bank of India (SIDBI) which will be registered with Sec

In an unprecedented move, India is planning to drastically slash tariff on import of textiles from Pakistan in an effort to normalise trading relations between both countries. Currently, India imposes 30-45 per cent duty on textile products from Pakistan. The government is planning to bring it down to five per cent and has not ruled out the option of allowing duty-free access too. This would be done by reducing the sensitive list of items India maintains for Pakistan, under which certain items

2010 Fall Fabric ExpoThe fall of 2010 with a total of 1,289 international standard booths, over 25,391 professional buyers. Achieve turnover of 4.893 billion yuan. 2010 Spring Fabric Expo 2010 China International Textile fabrics and accessories Keqiao Fair (Spring), the exhibition area of 18,000 square meters, four exhibition areas, a total of 816 international standard booths. Achieve turnover of 3.722 billion yuan, up to 24,439 professional buyers. 2009 Fall Fabric Expo2009 Fall exhibi

Representatives of All Pakistan Textile Mills Association (APTMA) and Karachi Cotton Association (KCA) on Monday demanded of the government to lift the ban on yarn export as it has hurt the spinning sector and cotton producers. The further reduction to 35,000 tonnes per month from 50,000 tonnes per month is contrary to the assurance extended by President Asif Ali Zardari and members of the federal cabinet to stakeholders at a meeting in early January,APTMA Punjab zone Chairman Gohar Ejaz said.

Chairman Aptma Punjab Gohar Ejaz and senior members have expressed their extreme disappointment over the abrupt reduction of yarn export quota from 50,000 to 35,000 tons per month. The reduction, they said, was contrary to the assurance extended by the President of Pakistan and members of the Federal Cabinet to spinners at their meeting with him in early January. Aptma member mills were given the understanding that matter would not be unsettled up to June 2010. In a press conference, it was po

Australian cotton output, the world's third largest source of the fibre, will likely be boosted in the coming year by recent heavy rains across the south-west of tropical Queensland state, an industry leader said on Monday. Some cotton crops in central Queensland had been damaged by the rain but overall the picture was positive because of the rains, said Bob Bell, Chief Executive of Australia's largest cotton grower, Namoi Cotton Co-operative. "The rains will certainly benefit the crops in sou

An agency of the French Government has offered technical and financial support to the textile sector in Bangladesh in a project aimed at ensuring 'green production' processes in the textile sector. Callebaut de Blicquy (CDB) and two other French companies Dewailly Conseils and L'Eau Pure, will provide the technical and training support to Purbani Fabrics Ltd and Comfit Composite Knit Ltd. The test-project will entail installing environment friendly and cost efficient machinery in these two com