News Tags

Related Keywords: agreement will give market access, EFTA members, India, iron out differences related with the pact, mid January, resume talks on long-stalled proposed free trade agreement, several sectors from India, such as textiles and chemicals. four-nation bloc will visit New Delhi, trade gap

India and the EFTA members to resume talks on the long-stalled proposed free trade agreement, the agreement is important as it will give market access to several sectors from India such as textiles and chemicals. Senior officials of the four-nation bloc will visit New Delhi in mid January to iron out differences related with the pact, an official said.

The four European Free Trade Association (EFTA) members are - Switzerland, Iceland, Norway and Liechtenstein.

Related Keywords: Amhara Regional State Technical, Arab Countries, created market links, Djibouti, enterprises both locally and internationally, import much of textiles, incorporating mobilizer, India, major countries, participate close to 300 mobilizers, single textile enterprise, Sudan, Turkey, USA, Vocational and Enterprises Development Bureau

The Amhara Regional State Technical, Vocational and Enterprises Development Bureau, Ethiopia has created market links for 71,022 enterprises both locally and internationally by incorporating 161,000 mobilizer. This could possibly generate over 598,000,000 ETB in local markets, said Deputy Head with the Bureau, Kassa Alemu.

According to Kassa, 22 international enterprises have benefitted 565 mobilizers and could be possible to generate 420,000 USD.

Related Keywords: driving demand for textile machinery, global textile machinery, growing domestic demand for textiles, growth in exports, home to world second largest textile industry, India, largest textile machinery and accessory exhibition, Make in India, raw materials, tenth edition of India International Textile Machinery Exhibition, textile engineering

India, a home to world’s second largest textile industry with the growing domestic demand for textiles coupled with growth in exports are driving the demand for all the textile machinery, raw materials including textile dyes & chemicals, is all set for the 10th edition of India International Textile Machinery Exhibition 2016, the largest textile machinery and accessory exhibition to be held in Mumbai.

Related Keywords: cotton yarn exports, decline, India, South India Mills Association

Cotton yarn exports in India declined by 11.58 per cent in terms of value and 4.44 per cent in terms of volume during April - June this year compared to the same period last year.

Cotton yarn exports to China, being the major consumer has declined.

China import
China imported 149.66 million kg of cotton yarn during the first three months of last financial year (2015-2016) and it dropped to 99.09 million kg during the same period this year. The decline in exports started in April 2014.

Related Keywords: closing stock for cotton season projected, cotton corporation of India, creating a buffer stock, India, largest producer of cotton, leading to forced imports at high prices, lowest in five years, NITMA, strong exports, thirteen lakh bales

India, the largest producer of cotton but its closing stock for the 2016-17 cotton season (October-September) is projected at 13 lakh bales (a bale is 170 kgs), the lowest in five years. The country doesn't have sufficient surplus cotton however strong exports are leading to forced imports at high prices at end of the season. Hence their core advantage is getting eroded, said Sanjay K Jain, chairman, Northern India Textile Mills' Association (NITMA).

Related Keywords: Cotton Advisory Board, droughts, India, India looking overseas for cotton, on track to double cotton imports, production is expected to fall by twelve percent, this year due to winged pests, world largest producer of cotton

India, the world’s largest producer of cotton this year due to winged pests and droughts is on track to double its cotton imports. India is looking overseas for cotton as its own production is expected to fall by 12% to 33.8 million bales in the year ending Sept. 30, according to India’s Cotton Advisory Board, a body of government officials, growers, traders and exporters.

An Indian bale is about 374 pounds, smaller than the U.S. bale at roughly 500 pounds.

Related Keywords: Cotton Technical Assistance Programme Africa, established in Kaduna city, first of its kind centre in Nigeria, government of Nidgeria, India, Indian commerce ministry, rebuild cotton, set up an apparel training centre in Nigeria, set up in partnership, support skill development, textile value chain, textiles sector of the West African nation

India has set up an apparel training centre in Nigeria, first of its kind centre in Nigeria set up in partnership with the government of Nidgeria to support skill development in the textiles sector of the West African nation, said the Indian Commerce Ministry.

The centre is established in the city of Kaduna under the Cotton Technical Assistance Programme for Africa being implemented by India's Department of Commerce, was inaugurated on June 22.

Related Keywords: demand for raw cotton gone up, end of June this year, forced leading buyers of Pakistan textile and commercial sector, global market, India, KCA, make contract for cotton bales, Shortfall in cotton production, Textile and spinning sector to bear load of imports, with traders in South Africa, with USA for prime cotton grade

The shortfall in cotton production 2015-16 season in the country has forced leading buyers of Pakistani textile and commercial sector to make import contracts for 300,000 cotton bales with traders in South Africa, India and with USA for prime cotton grade (PIMA) during May-June 15, 2016.

According to senior member of Karachi Cotton Association (KCA), exporter, importer and ginner Ghulam Rabbani, they expect to import more than 1.5 million bales of various qualities amounting to $24.3 billion till end this year.

Related Keywords: drought. push up fabric and clothing prices, halted cotton exports, India, local prices rallied, Pakistan and Vietnam, pressure on margins of garment makers. forced key importers like Bangladesh, tight supplies, turn to other suppliers, world’s biggest producer of cotton

India, the world’s biggest producer of cotton has nearly halted cotton exports as local prices have rallied due to tight supplies because of drought. The price rise could subsequently push up fabric and clothing prices and put pressure on the margins of garment makers. This has also forced key importers like Bangladesh, Pakistan and Vietnam to turn to other suppliers.

The freeze in Indian export will prompt Brazil, Australia and United States to raise shipments and has pushed global prices to near their highest since August.

Related Keywords: Brazilian cotton, Brazilian cotton export, Cepea, cotton cultivation, decrease in supply from cotton growing countries, firm demand, India, lower output, possible interest for imports by China, reduced domestic stock, surge by ten percent, volume of cotton

Brazilian cotton prices in April 2016 increased by nearly ten percent due to firm demand, decrease in supply from important cotton growing countries like India, and China’s possible interest for imports. However, the volume of cotton already traded this season is little less than the volume sold in the same period last year.

The CEPEA/ESALQ Index, with payment in 8 days, for cotton type 41-4, delivered in São Paulo rose 9.66 per cent to 2.6680 BRL ($0.777) per pound on April 29.