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Cotton yarn makers facing margin pressure over cotton price rise and low demand

Related Keywords: cotton price, Fabric Maker, textile mill, yarn maker, Yarn Margin

Cotton prices that remained stable till February-March is seen gradually rising from Rs 41,500-42,000 per candy to Rs 44,000 per candy, wherein a candy is about 356 kg. The recent rise in cotton prices has put yarn makers under margin pressure as they are unable to raise prices at once, due to low demand.

According to cotton yarn makers, rising cotton prices has led to shrinking margins by around 5-7 percent in the last one month. Moreover, rise in cotton prices coupled with restricted demand has further resulted to increased pressure on margins.

Cotton yarn likely to meet its exports target of $4.70 billion for FY14

Related Keywords: cotton yarn, cotton yarn export, Indian cotton industry, raw cotton price, Texprocil

India ‘s cotton yarn to meet its exports target for 2013-14 in spite of seasonal flux usually seen every April and high raw cotton prices as per the Cotton Textiles Export Promotion Council (Texprocil’s) study. Cotton yarn exports are expected to be around 1,350 million kgs valued at $4.70 billion.

According to Texprocil statistics India’s cotton yarn exports in the first 10 months (April-January ) valued at $3.75 billion (around 1,082 million kgs). It is estimated that yarn exports for the entire 2013-14 would reach at $4.70 billion (around 1,350 million kgs).

MoTI proposes zero-rated duty on textile machinery and no rise in sales tax on textile sector

Related Keywords: fabric, garment, Pakistan textile industry, Sales tax, textile machinery, Textile Ministry, textile policy, yarn, zero-rated custom duty

As the textile policy (2009-14) formulated by the previous government will end on June 30, 2014. The Pakistan government is contemplating to impose 17 percent sales tax on import of textile machinery on expiry of the current facility ending in June, which is covered under the zero-rated custom duty and sales tax regime. Also the 2 percent sales tax on yarn, 3 percent of fabric and 5 percent on garments would be raised to 17 percent in next two year.

Vietnamese new textile and garment development plan gets approval

Related Keywords: garment export, garment industry, Vietnam textile industry development plan

The Vietnam Ministry of Industry and Trade gives approval to the new textile and garment industry development plan 2020 which aims to achieve 55 percent localization rate by 2015 and further expected to increase to 65 percent and 70 percent by 2020 and 2030 respectively. The plan is draw to boost the industry’s growth.

Under the new plan firms specialising in fashion production as well as in the supply of related services will be positioned in urban areas while labour-intensive textile and garment firms will move to the rural areas.

Five unauthorized textile dyeing units pulled down by TNPCB today

Related Keywords: dyeing unit, Pallipalayam, Tamil Nadu Pollution Control Board, unauthorized textile dyeing unit

Tamil Nadu Pollution Control Board authorities have dismantled five unauthorized textile dyeing units at Pallipalayam towns today which discharge effluents into water sources. Due to this people there are suffering without water and continuing pollution

Although Pallipalayam and Namakkal towns developed primarily because of the large number of power looms, handlooms and textile processing units such as dyeing units. But there are many unauthorized dyeing units.

Bangladeshi government urged to proclaim raw jute an agro-product by shippers

Related Keywords: agro product, export subsidy, Jute Industry, jute yarn, raw jute, Shippers council of Bangladesh

The Bangladeshi government is being strongly urged to proclaim raw jute an agriculture product and also demanded increase in export subsidy on jute yarn which is currently 7.5 percent to 10 percent by the Shippers Council of Bangladesh (SCB).

They have also demand the government without more ado to pay Tk2.5 billion in arrears to the jute traders before the start of raw jute purchase which will begin from July.

Textile plant being planned in Chimoio

Related Keywords: manufacture clothing items, textile factory, wollen blanket, wool production

A textile factory is being planned in the city of Chimoio, capital of Manica province, Mozambique which will create jobs for nearly 300 people.

The textile plant will have the capacity to produce 8,000 woollen blankets per month apart from this it will also manufacture shirts, trousers and other clothing items.

The factory will be operational by the middle of next year. To start with it plans to import raw material.

Limited demand for cotton kept prices unmoved

Related Keywords: cotton demand, cotton industry, cotton price, fibre, raw cotton

Limited demand for cotton kept prices unmoved on Friday. This time about 32,000 bales (of 170 kg each) of the fibre arrived in Gujarat and 1 lakh bales across the country.

According to traders, mostly domestic mills were buying at this time and export demand was very nominal. This time, cotton price may rule in the coming days as fresh demand might be hard to obtain.

Gujarat Sankar-6 cotton traded at Rs.43,800-44,000 for a candy of 356 kg. B grade cotton stood at Rs.41,000-42,000 and lower grade cotton was quoted at Rs.36,000-37,000.

Rich history of Ballarat hand woven into 28 mtrs long Scottish tartan cloth

Related Keywords: Ballarat history, hand-woven tartan, Scottish tartan cloth

The rich history of Ballarat has been woven into Scottish tartan cloth. In Scotland, a plaid is a tartan cloth slung over the shoulder as a kilt accessory, or a plain ordinary blanket such as one would have on a bed. The hand-woven tartan is designed by exhibition officer Ben Cox as part of the exhibition.

The 28 meter roll was woven in Scotland and has since been registered among thousands of other familu pattern on the Scottish Register of Tartan, which arrived on Friday at the Art Gallery of Ballarat.

Tirupur garment exports likely to double in 3 years

Related Keywords: KTM, man-made, synethetic yarn product, Tirupur garment export

Tirupur , presently export garment worth Rs.18,000 crore if the forging of newer markets continued it likely to double its garment exports to Rs 36,000 crore in three years time. According to A Shaktivel, Chairman, Knitwear Technology Mission as there is a good demand for man-made and synthetic yarn product, he has urged the industry in Tirupur to get benefit of Knitwear Technology Mission (KTM).

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