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Related Keywords: Agriculture, boost trade exchanges, etc, explore possibilities of partnership projects, give new impetus to cooperation, imports from India include cotton yarn, Indian business delegation, joint trade and industry chamber set up, Morocco, synthetic fiber, various sectors such as textile, visit North African country

An Indian business delegation is expected to visit the North African country, Morocco next week to boost further trade exchanges between the two countries and explore the possibilities of partnership projects in various sectors such as textile, infrastructure, energy, information technology, construction, agriculture, chemicals and fertilizers, mining, and automotive.

This visit comes one month after Morocco and India set up a joint trade and industry chamber to give a new impetus to cooperation between the two countries.

Related Keywords: asian nylon, cotton price, decline, European synthetic fiber, fashion, global synthetic fiber, polyester, price, spandex prices, synthetic fiber, textile product.

In Asia, the world’s largest fiber-producing region, the prices of synthetic fiber witnessed decline by 2.5% in the month July compared to the same month last year after rising during a few weeks in June. Though an improvement compared to June’s 4 percent drop, there is no indication that demand has return to normal in Asia.
 
However, in China rationalization of polyester supply has kept prices from dropping further. Polyester prices are being pressured by falling cotton prices and a lack of strength in mill demand.
 

Related Keywords: cotton, excise duty, Indian cotton industry, quality raw material, SISPA, SME sector, synthetic fiber, Textile Commissioner, TUFS

With various problems being faced by small spinners, President, K Thirunavukkarasu of South India Spinners Association (SISPA) has urged Textile Commissioner Kiran Sony Gupta to make sure that quality raw material, cotton is made available at reasonable price level without much instability.

SISPA wants the textile ministry to maintain a stock to use ratio of 50 lakh bales of cotton stock till the end of the cotton arrival season to meet the needs of the spinning sector.