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US cotton bonded warehouse to benefit Vietnamese textile industry

Related Keywords: benefit Vietnamese textile industry, control production costs, cotton price always fluctuates, cut transport, import cotton, many different sources, protection costs, set up a cotton bonded warehouse in Vietnam, urged US cotton manufacturers, US Cotton Association, Vietnam Textile and Apparel Association

The Vietnam Textile and Apparel Association (Vinatas) at the working session with the US Cotton Association urged the US cotton manufacturers to think about a plan to set up a cotton bonded warehouse in Vietnam, as it would benefit the Vietnamese textile industry by way of cut transport and protection costs.

US cotton has been favored by Vietnamese textile enterprises and used in a large scale.

Rising price drive textile mills to imports cotton from W African countries

Related Keywords: arrivals continue to be high, depending on requirement, import cotton, Indian Texpreneurs Federation, individual import contracts, monitor the domestic and international prices regularly, price of cotton, prices gone up, Textile mills, this new cotton season, viable price level, west African countries

The price of cotton generally shoots up when the industry needs cotton and when the arrivals have come down in the market. But this year, just two months since new cotton season began and the prices of cotton have already gone up though arrivals continue to be high in the market.

This situation has driven as many as 43 textile mills in the State have come together and plan to import cotton from West African countries, depending on the requirement.

SIMA to tap new Mangalore port for cotton import

Related Keywords: benefit of small and medium scale spinning mills, congestion i ports, cotton-based textile industry in south, excellent warehousing facilities, import cotton, manufacture knitted garments, mills in Tamil Nadu, significant volumes, SIMA to tap NPT, West African cotton

The predominantly cotton-based textile industry in South, particularly the mills in Tamil Nadu, imports significant volumes of West African cotton to manufacture knitted garments. The congestion in ports has pushed the Southern India Mills' Association (SIMA) to tap New Mangalore Port (NPT) in Karnataka for cotton import.

According to SIMA, NPT offers excellent warehousing facilities, specially for the benefit of small and medium scale spinning mills.

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