Global cotton production and consumption are expected to face hard situations of imbalance in the year 2005-06 due to the prediction of decline of more than 10 percent comparing the record production in the last year.While consumption, will sustain to rise with economic growth and rising Asian demand, especially from China. It is obvious that a delicate balance between production and consumption is driven to disruption if the picture of supply is unclear. Thus, it results higher cost. Internatio

India's composite textile mills are adopting new trend of outsourcing from the independent weavers to cater big orders of leading retail majors like Wal Mart, JC Penney and GAP.This new trend would enable them to raise their production capability to meet the requirements of the retail biggies.Following removal of quotas regime, competition in the global textile markets has move up, which lead such manufacturing tie-up arrangements.The Indian Cotton Mills' Federation (ICMF) and the Powerloom Deve

Despite recent rains, Australian shorn wool production is forecast to be slightly lower in 2005/06 as a result of the drought in the eastern states and South Australia.In the latest figures released today by the Australian Wool Innovation (AWI) Production Forecasting Committee, the forecast for Australian shorn wool production in the 2005/06 season is 470 million kilograms (mkg), one per cent down on the 2004/05 season. Committee Chairman Dr David James said fleece weights for the upcoming sprin

The export figures figures released reecently by the FTSI (PC&C), DGCI&S, Kolkata indicate a decline in the export of Manmade Fibres, yarns & fabrics besides madeups.In March this year, exports stood at Rs 824.49 crores (US $188.63 million) compared to Rs 933.98 crores (US $207.00) last year same period, showing a decline by Rs 109.49 crores.The trend is somewhat a cause for concern as boom was expected following the ending of the MultiFibre Agreement begining January this year. The

As per the reposts of the Ministry of Trade, the total export turnover on quota garments to the US down to about $675 million in the first half of this year, which was nearly 20 percent less comparing to the same period of previous year. The exports to US market account nearly half of the country? total garment exports. Continued downfalls in the US market lead the exporters to meet the industry? annual export target of $5 billon to $5.2 billion this year. The ministry reported that some c

The EU sees China as the main culprit. Its share of the European market in the heavy-duty shoes worn by workers in the construction and catering industries is much bigger and has grown more quickly than India?. "If as a result of the investigation started today, it is demonstrated that predatory prices are practised then action will be considered," said European Commission trade spokeswoman Claude Veron-Reville. The EU could levy extra duties on shoe imports from the two Asian states if

The cotton price for spot transactions stood at 13,831 yuan (US$1,666) per ton yesterday, according to statistics from CNCotton.com, a leading cotton information portal. The price was only 12,000 yuan (US$1,445) per ton in January. It has increased steadily since March, and topped 13,862 yuan (US$1,670) in the middle of May. In the past month the spot price of cotton has been fluctuating. Yang said the gap between cotton production and consumption does exist but may not be as large as pr

The TUC is today (Tuesday) calling on the Government to host a special manufacturing summit to examine how British industry can prepare itself to tackle the threat to companies and jobs posed by the rapidly expanding Chinese economy.The call comes in ?hina, Europe and UK Manufacturing? a TUC report being presented in a speech today to a Manufacturing Institute Conference by TUC Chief Economist, Ian Brinkley. The report says that employers are wrong to think the UK can compete with the Far East b

European Union (EU) is likely to impose anti-dumping lawsuit against Vietnamese footwear industry.The EU plans to work with domestic authorities to find out the real amount of Vietnamese footwear exported to its markets. Councils of the European Commission's Directorate General for Trade informed that if the footwear increased over three percent of the EU? market share, will be inspected for dumping.Local trade veterans have recently opined that Vietnamese exports which include textile, garments

The state announced a project named ?extile Belt? at the Lotte Hotel in downtown Seoul to support Overseas Koreans Foundation (OKF).OKF president Lee Kwang-kyu informed that the project that is to support country? textile business communities overseas, will be proposed during the upcoming fourth World Korean Business Convention.The convention will be held at the Korea International Exhibition Center (KINTEX) in Koyang, Kyonggi Province from 13 to 15 September, 2005. Lee said that they have plann