It was a dull Friday at the Karachi cotton market on Friday, with only about 3,500 bales being traded. Even the KCA spot rate remained stuck at Rs 2,225 per maund, trade sources revealed.The TCP has already completed sale of its first lot through tender and traders await the second one to be out soon which will decide their pricing strategy says leading ginners.Sources informed that leading mills bought about 500 bales at Rs 2,350 per maund while spinners set up contracts for second-grade cotton

Taiwan's imports of cotton yarns sharply rose in the past months with Pakistan and Indonesia gaining significant market shares to India. Taiwan's exports of cotton yarns rebounded in January in addition, thanks to a surge in demand from China. Import and export prices fell in the second part of 2005, following global trends in the yarn market. Taiwan's imports of cotton yarns (HS 5205: containing 85% or more cotton by weight) rose more than 50% in January in volume terms to 4,246 tons. After

Wool prices slightly declined this week in Australia amid poor interest from buyers. All eyes were turned to Hobart were wool processors from around the world warned about current crisis in wool apparel sales and the need for more promotion. This was a sad week for wool. Prices slightly declined with the benchmark EMI (Eastern Market Indicator) losing 4 Australian cents on Thursday to 726 cents per kilo clean after being unchanged on Tuesday and Wednesday. A small decline in the US$ against t

Lakme India Fashion Week 2005 kicked off on April 20, 2005 in Mumbai.This premier Indian fashion event will see the participation of top Indian fashion designers.To name a few:Abu Jani-Sandeep Khosla Anuradha Vakil Ashish & Smita SoniFalguni & Shane Peacock Malini Ramani Manish AroraPayal Jain Raghavendra Rathore Rina Dhaka Ritu KumarRohit Bal Sabyasachi Mukherjee Satya Paul.The fair is almost in its mid week and a gala crowd is expected today and on Sunday with a string of exciting even

Australian Wool Innovation Limited (AWI) Chief Executive Officer (CEO) Dr Len Stephens today welcomed the Australian and Chinese Governments' green light for Free Trade Agreement (FTA) negotiations."China is critical to the longterm prosperity of Australian woolgrowers and a comprehensive FTA will clear obstacles along the wool supply chain that restrain export growth to this $1 billion annual wool export market," he said."The FTA should increase capacity for real export growth through the liber

Vietnam is a suitable and attractive venue for Indian investors in various areas, especially in the textile engineering industry, said an official from the Indian Textile Accessories and Machinery Manufacturers' Association (ITAMMA).ITAMMA Secretary K. Sundareswaran said at a meeting between ITAMMA and Vietnamese partners in Hanoi on Thursday that the Vietnamese Government has implemented policies to make the country's investment environment more attractive and competitive.Sharing Mr Sundareswar

Hong Kong's apparel re-exports rose 58.3% in February after already surging 35% in January. The removal in textile quotas clearly boosted sales to the US and the EU. The lunar year holidays that fell in February this year did not even curb shipments, far from it. Domestic exports dramatically declined in February, in marked contrast, official data confirming the fall already observed in January. Hong Kong's trading houses are taking a decisive advantage of the removal in US and EU textile quot

EU and US will not immediately re-impose quotas on apparel imports from China, although shipments are spectacularly surging. EU's Trade Commissioner Tuesday made it clear that Europe will wait longer before taking any safeguard measure while the US administration is still barred from any action by a legal procedure. Textile and apparel exports from China may boom in the coming months, but EU and US administrations will be long in imposing new limits. "Not going back to the old quota system"

US imports of cotton denim trousers from China surged 737% in January after their prices fell, according to first US official data. China therefore became the third supplier on the US import market, although still very far from Mexico. Cambodia and the Philippines were the first victims of China's success while duty-free imports from Central America sharply rose. US imports of cotton denim trousers (men/boys and women/girls) were up 26% in volume terms in January 2005, from the same month last

The days of hand embroidered saris are numbered as it is and even Indian machine embroidered sarees are on the wane.Enter Chinese machine or computer aided embroidered design patterns that are now enticing Indian women.China today, dominates the Indian embroidered saree industry, with sarees getting embellished with a variety of designs through computerized embroidery.It was about 15 years back that costly embroidery machines made way in Indian markets imported from Germany, United States and Ja