The exhibition Cottonfab 2014, going on at Kanakakkunnu Palace is organised by Awadh Hathkargha, Hasthshilp evam Gramodyog Samithi for promoting weavers and artisans from different parts if India. The objective of the Samiti is to give artisans and weavers a platform and market to not only display their talent but sale their work of art.
PerformanceScrubs.com a company based in Nashville, Tenn. designer and manufacturer of medical scrubs/uniforms and sleepwear, as well as sportswear to move its Cullman, Ala., manufacturing operations to high-tech manufacturing facility in Florence, Ala., for which the company has made an investment of $4 million.
SAE-A Spinning, South Korean company plans to start a cotton yarn manufacturing plant in Coris, west of Cartago province which will involve an investment to the tune of $50 million. The cotton yarns produced at the Costa Rican plant will be exported to several clothing factories in America.
Shri Govindaraja Textiles part of the Jayavilas Group of Aruppukottai in Virudhunagar district. The group is the largest spinner in India with a total installed capacity of 1.1 million spindles and a workforce of 30,000 persons has announced it plans to set up its textile operations in Rockingham County in the US with an investment of more than $40 million and create 84 jobs over the next two years in Eden.
Swaziland government continues to play a major role in supporting cotton farmer due to this the income from cotton sales has moved from E1.6 million to E13m in 2013. As there is a significant increase in cotton production, its sales are expected to rise in the current season to E16 million.
Swaziland Minister of Agriculture Moses Vilakati said that cotton as a major role to play in the country. Production has also significantly increased from 394 to 2 485 metric tonnes between 2008 and 2013.
Bangladeshi exports have surged by 12.56 percent to $27.37 billion from a year earlier in the first 11 months of this financial year according to the Export Promotion Bureau. Garment exports increased nearly 15 percent to $22.2 billion in July-May. Boosted by strong clothing sales, Bangladeshi garment exports increased by 7.22 percent in May from a year earlier to $2.7 billion.
Karachi cotton market failed to see any trading activity; in fact officially no deal was recorded. The Karachi Cotton Association (KCA) spot rates also remained unchanged. But it is likely to witness brisk trading activity with the arrival of new crop.
Presently, the Pakistani millers are going through shortage of quality lint as most of the stocks held by ginners are mostly of lower quality from last crop.
Cotton fields have reported that crop in both Sindh and Punjab so far is maturing normally.
Widespread precipitation last weekend in US largest cotton growing region, Texas has raised prospect of a bountiful crop in the coming season. This has an adverse impact on cotton prices with the US cotton futures' benchmark contract falling on 16 June.
However, mill buying supported prices for the old cotton crop traded via the July contract on ICE Futures US which is due to expire on 9 July. The most-active December contract was bearish through the day, dealers reported.
The National Institute of Design (NID) is set to traverse the path of innovation in research and design. NID has set up an 'Innovation Centre for Natural Fibre' at its Gandhinagar campus for this. Their focus would primarily be on banana, coir, bamboo, hemp which is termed as unconventional natural fibres.
Ancient Paracas textiles, an extremely rare textiles smuggled out of by a Swedish diplomat is returning to Peru after 80 years. The items are handed back to the country following an agreement with musuem authorities in Gothenburg last year. The rest of the Paracas textiles will return to Peru over the next seven years.
