News Tags

Related Keywords: China, cotton, exports, fabrics, fibres, Imports, production, research, trade, yarn

India Ratings and Research (Fitch Group) has published the August 2019 edition of its credit news digest on India’s textile sector. The report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres, yarns, fabric with a focus on commodity prices, imports/exports, production and recent rating actions.

Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices. The agency expects the prices to fall further as global production is likely to be higher than demand growth.

Related Keywords: apparel, CCI, chemicals, clothing, cotton, fabrics, government, India, Intex, Pakistan, Sri Lanka, yarns

The most influential and established textiles sourcing show in its 5th edition will take place at BMICH, Colombo, from 13-15 November 2019. This global trading platform for the textiles and apparel industry is endorsed and supported by major industry associations, chambers of commerce and government agencies from Sri Lanka, India, Bangladesh, Pakistan, Taiwan, Malaysia, and other countries.

Related Keywords: African, Agriculture, cotton, export, Malian, raw cotton, Textile, World Trade Organization

Major African cotton producer Mali expects to increase output to 1 million tonnes annually within two to three years as it mulls new cotton varieties to boost yields, its agriculture minister said in an interview on Monday.

Mali is targeting a record 2019/20 cotton crop of 800,000 tonnes this year which is expected to make it the top producer in Africa, edging out rival Burkina Faso.

Related Keywords: China, cotton, expansion, fiber, Filatex India, home textiles, India, manufacturing, polyester, production

Filatex India Ltd., a manufacturer of polyester and polypropylene multifilament yarn and polyester chips, after nearly competing a ₹850 crore expansion, is now planning to foray into the home textiles segment, where margins ‘are better than in the commodity business’, a top executive said.

“We are planning to enter the fabrics business, mainly home textiles, where the margins are better. We are still finalising the plans; this business would involve an investment of around ₹100 crore,” Madhu Sudhan Bhageria, chairman and managing director, Filatex India Ltd., said in an interview.

Related Keywords: cotton, DNA, FiberTyping, home textile, PimaCott, SigNature, technology, Textile

Molecular technologies specialist Applied DNA Sciences (ADNAS) has received an order of US$1 million to supply its SigNature T tagging technology for the 2019/20 cotton ginning season which begins in October.

The Company’s SigNature T technology, paired with its genotyping and digital systems, will be utilised to tag, test and track the Pima variety of cotton – sold by the brand PimaCott – over the coming months in San Joaquin Valley, California.

Related Keywords: cork tree, Cork-A-Tex, cotton, fashion, fiber, innovation, natural, New York, Portugal, sustainable, Têxteis Penedo, Textile, yarn

At the New York Market – It took much persistence and passion. But now, after eight years in development, Têxteis Penedo is at New York Home Fashions Market with its Cork-A-Tex innovation, developed to turn cork into fabric for home textiles.

At its headquarters in Guimarães, Portugal, the company recently opened a new factory to produce sustainable home textiles made of 30% cork fiber and 70% cotton.

Related Keywords: China, consumer, cotton, export, futures, production, Textile, trading, Zhengzhou Commodity Exchange

Cotton futures closed lower Thursday on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January delivery lost 85 yuan (12.02 U.S. dollars) to close at 12,890 yuan per tonne.

On Thursday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 292,860 lots with a turnover of 18.93 billion yuan.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk.

Related Keywords: cotton, Garments, hybrid cotton, Nigeria, seeds, Textile

Nigeria aims to produce up to 450,000 metric tons of cotton in three years, as part of efforts to revive the local textile and garment industry, said the apex bank in a statement on Friday.

Up to 300,000 local farmers will be engaged to achieve this aim in 26 out of the 36 states of the country, said the statement by Godwin Emefiele, governor of the Central Bank of Nigeria.

To revive the cotton, textile and garment industry, the bank had supervised the cultivation of 200,000 hectares of hybrid cotton distributed to 200,000 local farmers across the country.

Related Keywords: apparel, BCI, brand, Chargeurs, cotton, environment, fashion, manufacturing, polyester, sustainable

Chargeurs*PCC Fashion Technologies, an apparel interlinings manufacturer, today announced the launch of the Sustainable 50™. The product line is the first complete collection of interlinings — the technical components that give garments their shape and structure — to be made with eco-responsible materials, including BCI cotton, hemp, recycled polyester textiles, recycled plastics and Bemberg.

Related Keywords: China, cotton, farmer, FICCI, India, market, production, silk, Smriti Irani

Union Textiles Minister Smriti Irani on Friday affirmed that India would become 'completely self-sufficient' in silk in the next two years.

She said that in the production of silk, India is second after China.

Irani was addressing a programme organised by business chamber FICCI.

She also said that technical textiles is the future of textiles and that she was keen on taking it forward.