News Tags

Related Keywords: China, Chinese textile and clothing, industry in Vietnam, long staple spindles, shift in sourcing, soared, staple spindles, Textile Industry, Vietnam, Vietnamese clothing exports, World market for textile machinery, Yarn machinery shipment, yarn manufacture

Shipments of yarn machinery to the textile industry in China plunged in 2013 and at the same time, shipments to the industry in Vietnam soared. These trends reflected an apparent shift in the sourcing of textiles and clothing from China to other countries in Asia, and Vietnam in particular, according to a new report from the global business information company Textiles Intelligence – World markets for textile machinery: part 1— yarn manufacture.

Related Keywords: Bangladesh, China, Cotton Advisory Board, cotton bales, cotton export, cotton exporter, cotton price, new cotton season, Pakistan, Southeast Asian markets, Thailand, Vietnam spinning cotton

With the new cotton season (Oct-Sept) beginning, cotton exports in the country have started to pick up but it is unlikely to meet the estimates of 9 million bales put forward by the Cotton Advisory Board for the 2014-15 cotton season.

According to Prerana Desai, head of research with Edelweiss Commodities they see exports almost 20% lower than what has been estimated by CAB as China, a big buyer is facing slow down and there local Government is pushing for use of higher local material. However, two third of India's cotton exports still directly destined to China.

Related Keywords: Active buying by mills and exporters, China, cotton prices, Indian cotton, Pakistan cotton market, waning demand

Active buying by mills and exporters was witnessed on the Pakistan cotton market as prices moved warily on Tuesday. The official spot rate remained unchanged at Rs 5,200, dealers said. In the ready session, around, 20,000 bales of cotton changed hands between Rs 5200 and Rs 5300. In Sindh, rates were lower by Rs 100 to Rs 2000 and Rs 2025, while in Punjab prices were at Rs 2300 and Rs 2600.

Related Keywords: BTK, China, establish technical textiles, fabric, high-tech synthetic textiles, Kyrgyzstan, large textile cluster, National Investment and Finance Corporation, NIFC, Russian company, Russian Ryazan region

BTK is not the only Russian company, which plans to establish large-scale production of technical textiles. Several days ago the National Investment and Finance Corporation (NIFC), one of Russia’s largest investment corporations also announced the establishment of the large cluster for the production of textile and technical textile products in the Russian Ryazan region.

Related Keywords: China, Chinese Ministry of Commerce, wool and wool tops, Wool import quota 2015, wool supply domestic textile companies, worlds largest wool processor

China is reluctant to increase the import quota of wool and wool tops since 2006 even after it became the world's largest wool processor and consumer in recent years. The country relies on imports for more than 75% of its wool supply for domestic textile companies.

The Chinese Ministry of Commerce has taken the decision to keep next year's import quota of wool and wool tops unchanged from 2014. It will allow a maximum of 287,000 tons of wool to be imported in 2015.

Related Keywords: China, cotton demand, cotton growing area, Cotton Yield, deputy head of the National Development and Reform Commission, forecast to plunge

The cotton growing area in China in the 12 months is expected to decline to 63.40 million mu (about 4.23 million hectares), down 9.4 percent from the previous year, and the cotton yield is also forecast to plunge by half a million tonnes to 6.5 million tonnes, according to Lian Weiliang, deputy head of the National Development and Reform Commission.

While, cotton demand in China is expected to exceed its domestic supply by two million tonnes in the year from September 2014 to August 2015, as per official data showed on Thursday.

Related Keywords: China, Cotton Association of India, cotton bales, cotton farmers, cotton harvest, Cotton Textiles Export Promotion Council, global cotton market, India cotton industry, stockpiled cotton

India likely to harvest 40 million cotton bales this year once harvesting begins next month, which will be 8% higher than a year earlier and the highest harvest on record.

Lower-than-normal monsoon rains early in the June-through-September rainy season convinced many farmers to switch to planting cotton, which needs less water to grow. But the rains returned late in the season so now India is likely to have a bumper crop.

Related Keywords: China, cotton bale, cotton export, Cotton market, frenetic trading, India, Pakistan cotton grower, Pakistan cotton industry ICE futures, phutti, seed cotton

Pakistan cotton growers and ginners once again faced frenetic trading on the cotton market on Wednesday and looked a bit upset due to strong supply of seed cotton.

According to cotton analyst, the growers and ginners had hoarded phutti in expectations of increase in profit amid tight supply but now phutti arrivals improved significantly, this is factor, which is inducing them to sell huge stock below the expected level.

Related Keywords: bilateral trade, China, chinese market, coir fiber, cotton, Free trade agreement, FTA, Garments, President Xi Jinping, Sri Lanka, Textile, trade and economy

Sri Lanka and China both anticipate that Chinese President Xi Jinping's visit to the island tomorrow, a first by a Chinese head of state in 28 years, will expand cooperation and ties in trade and economy between the two countries.

According to the government of Sri Lanka, both countries in recent years have developed increasingly closer economic and trade relations and a proposed free trade agreement (FTA) between the two countries will boost Sri Lanka's future development.

Related Keywords: acreage, Beijing's farm policy, China, cotton grower, global supplies, India, stockpiling program, USDA, world's no.1, yarn makers

India likely to emerge as the world's No 1 cotton grower this year which will be for the first time in over 30 years, pushing China from the top spot, due to China’s unusual shift in global supplies amid ambiguity over Beijing’s farm policy, said US government said on Thursday.