With Canada’s apparel market forecast to be worth almost 39 billion Canadian (29.66 billion U.S.) dollars by 2020 — a 20 percent increase from 2016 — representatives from more than 20 countries will convene in Toronto next month at the Apparel Textile Sourcing Canada (ATSC) 2019 show to present international trade opportunities to the booming Canadian apparel sector.
Cotton futures fell on Tuesday, as mills held off buying following a short-lived rally during the previous session and investor liquidation and a stronger U.S. dollar pressured prices.
The most-active December cotton contract on ICE Futures U.S. edged down 0.82 cent, or 1 percent, to settle at 84.72 cents a lb.
A lack of buying from global textile mills and long liquidation from investors pushed cotton prices to the day’s losses, after they climbed 1.8 percent during the previous session as investors renewed investment in riskier assets at the start of the quarter.
The quest to return Kenya’s cotton farming to profitability has received a vital jolt with the recent reopening of textile factories in the country.
Two weeks ago, President Uhuru Kenyatta presided over the official reopening of the Rivatex textile factory with a strong pitch for more cotton growing in the country. Besides the Eldoret-based cotton processor, Thika Cotton Mills, Bedi Investments and Ken Knit factories have also reopened their doors to cotton-processing.
It may be quite some time until the fast-fashion industry completely slows down, but with new trends being set in motion, there is now hope that 'slow fashion' is a trend gathering traction.
The demand for 'cool', affordable clothing is hard to keep up with, with clothes being delivered in bulk into highstreet shops to try and match retail expectations. But more often than not, they come with a high environmental price tag in the long term; the fashion industry is the second biggest polluter in the world, only second to oil.
While cotton growing and ginning is a top agricultural export industry in Tanzania, the sector has been struggling for the past 50 years. As a result, Tanzania’s half a million smallholder cotton farmers in the Lake Zone, the region southeast of Lake Victoria where most cotton is produced, remain impoverished. The poverty rate in Tanzania was 26.8 percent in 2016. Improving the Tanzanian economy, which relies on the cotton sector, is essential to further reduce the poverty rate and improving livelihoods.
According to the company, polyester, microfibers and blends treated with Univadine E3-3D diffusion accelerant comply with the requirements of bluesign, in addition to being suitable for Standard 100 by Oeko-Tex and an approved input dyeing auxiliary chemical for GOTS (Global Organic Textile Standard) certified textile products.
At the lint market focus remained on fine lint keep trading activity range-bound, and the Karachi Cotton Association (KCA) spot rate remained unchanged at Rs5,3000 per maund. During the trading session, buyers made forward deals for quality lint for a month period on slightly higher prices at around Rs 5,650 per maund, said floor brokers. Around 300 bales changed hands.
Growing demand for fine grades was seen on cotton market amidst range bound trading, while prices of all grades remained cost-effective on cotton market this Monday.
With mills and spinners taking interest in fresh deals little improvement was witnessed on Wednesday in the trading activity at the Pakistan cotton markets.
While there was no change seen in the official spot rate at Rs 6,300, the prices of seed cotton from Sindh was at Rs 3300 and Rs 3350, and in the Punjab rates jumped by Rs 100 to Rs 3400 and Rs 3350.
The cotton prices last month saw a rise, by Rs 2,500 a candy (356 kg) due to the soaring demand from mills and exports. At the same time, restricted selling by farmers was seen as one of the reasons for inflation in cotton prices. According to industry sources, prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.
As per Arun Dalal of Arun Kumar & Co, a leading cotton trader from Ahmedabad, due to improved export, there has been a heavy rise in demand from domestic mills. To create stock, domestic yarn mills also bought cotton in large quantities during December.
