In its August crop report, USDA estimated a '12-13 US crop of 17.65 million bales. Upland production was estimated at 16.99 million bales and ELS production at 663,000 bales. Harvested area was estimated 10.81 million acres, implying a non-harvested area of 1.83 million acres based on USDA’s June acreage report. The resulting abandonment rate is roughly 14.44%. The national average yield per harvested acre was estimated to be roughly 784 pounds, 33 pounds lower than the five-year average

Cotton prices began declining in last days, over rumors of China partly selling its huge stocks. Our weekly cotton report covers the latest price trends of international spot and futures markets through a large number of tables and charts, with also domestic markets in India, China, Pakistan being reviewed. Historical data back to 6 years ago are available for download. Source: Emerging Textiles

Cotton prices did not move over the last week in New York, while dropping on domestic Indian and Pakistani markets. Our weekly cotton report covers the latest price trends of international spot and futures markets through a large number of tables and charts, with also domestic markets in India, China, Pakistan being reviewed. Historical data back to 6 years ago are available for download. Source: Emerging Textiles

Ministry of Industry and Information Technology (MIIT) in 2010 will initiate the rural subsidy program for building materials, network and textile & apparel. Huge foreign investment and fast-growing exports have long been major contributors to China's economic development. With the effects of the global financial crisis spreading throughout the world, the government was looking to tap domestic consumption, especially in unexploited rural markets. China has a huge geographic diversity a

The cost of renting shop space has increased at a dizzying pace in Vietnam, with rates now up to US$800-3,000 per month. High rental fees have been one of the main obstacles faced by textile and garment companies in expanding their retail systems. In the past, only large-scale companies have been able to afford the rates. According to Ms. Duong Thi Ngoc Dung, director-general of the Nha Be Garment Company, large amounts of money must also be spent on brand name development. Therefore, it

COLUMBIA — The Suminoe Textile of America Corp. is investing $6.5 million in expanding its operations in Cherokee County. The company said the expansion is expected to add 50 jobs. “Cherokee County has provided an excellent business environment for us, so we are pleased to continue growing our operations here,” said Satoru Kuninaka, president of Suminoe Textile of America. As part of the expansion, Suminoe will open a new factory in Gaffney. The new plant will house the company’s automotiv

For wool shorn in 2010, the rates are as follows: The graded wool loan rates effective on Jan. 1, 2010, are: wools less than 18.6 micron, $3.88; 18.6 to 19.5 micron, $3.38; 19.6 to 20.5 micron, $2.94; 20.6 to 22 micron, $2.72; 22.1 to 23.5 micron, $2.56; 23.6 to 25.9 micron, $2.33; 26 to 28.9 micron, $1.78; and 29 micron and over, $1.38. These loan rates are on a clean basis.Sheep Industry Awarded SBIR GrantThe sheep industry has been informed that its Phase I proposal, Washable Wool Products fo

Cotton is quickly getting added up to the list of scarce commodities, which has led to a unprecedented hike in cotton prices, leading to farmers receiving remunerative prices for their produce. While the US markets, particularly New York futures, continues to move higher in a steady manner, in local markets of China, Pakistan, and India, prices are exploding with traders scrambling to cover up positions. Hike in cotton prices will force many textile mills to close down thereby affecting downstre

Acrylonitrile capacity stood at 6.3 million tons in 2008, up 254,500 tons from last year. Of this nearly half was added in North America, with Ineos Nitriles (Innovere) and Lucite setting up respective 650,000 tons a year and 140,000 tons a year of production capacities. The rest of the capacity was set up in Asian region shared between China and South Korea. Thus, Asia now accounted for almost 49% of global acrylonitrile capacity with over 3 million tons of annual capacity. With another 250,000

21 December 2009 - Cotton prices continued last week rising on the international market, as merchants and spinners were anticipating higher prices in the first half next year. The nearby contract in New York could reach 80 cents before the end of January. In the meantime, larger cotton arrivals are limiting any new rise in prices in India and Pakistan. Source: Emerging Textiles