Textile Raw Material Price 2018-10-11 Item Price Unit Fluctuation Date Crude Oil WTI 73.17 USD/Barrel -2.39% 2018/10/11 PX 1350 USD/Ton 1.89% 2018/10/11 Crude Oil Brent 83.09 USD/Barrel -2.25% 2018/10/11 PTA Buy 8000 RMB/Ton 1.59% 2018/10/11 PTA Sell 1040 USD/Ton 0% 2018/10/11 MEG Buy 7460 RMB/Ton -0.73% 2018/10/11 MEG Sell 902 USD/Ton 0% 2018/10/11 CPL Buy

The first Responsible Wool Standard (RWS) certified products have hit the market while more will make their way to shelves very soon as the commitment to the RWS from across the textile industry grows, according to Textile Exchange. The RWS is a voluntary global standard that addresses the welfare of sheep and of the land on which they graze. Since its release in June 2016, adoption of the standard has been steadily increasing across key wool growing and processing countries. There are now R

Courtesy: OnPoint Manufacturing Gerber Technology, which delivers industry-leading software for apparel and industrial customers, is set to launch the FashionTech Platform 1.0. The platform includes software, equipment, and consulting to set up a purchase-activated fashion model with a digitally integrated ecommerce and on-demand design to print, cut, and sew micro-factory operation. The first FashionTech Platform 1.0 installation will be implemented in partnership with OnPoint Manufacturin

More than 200 textile weaving units will be set up in the newly developed Bardoli-II Industrial Estate in Miyawadi village of Bardoli zone of Surat district in Gujarat, according to top officials of the Gujarat Industrial Development Corporation (GIDC). Several micro, small, and medium enterprises (MSMEs) will make investments to the tune of 200 crore there. The estate is 48 km from Surat, India’s biggest man-made fabric manufacturing hub. The weaving units will install power looms, jacq

Representatives from India’s Export Promotion Council for Handicrafts (EPCH) met the country’s commerce secretary Anup Wadhawan recently to discuss issues faced by exporters to Iran, especially due to due to sanctions imposed by the United States. The problems include difficulties in claiming duty drawback and goods and services tax (GST) refund. According to EPCH executive director Rakesh Kumar, banks are refusing to accept shipping documents presented by exporters shipping to Iran for clear

The Indian government has imposed an anti-dumping duty ranging between $128.06 per tonne and $719.44 per tonne for five years on import of nylon filament yarn from Vietnam and the European Union (EU). The duty has been imposed following recommendations by the Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry. In its probe, the DGTR has stated that nylon filament yarn (multi filament) has been exported to India from the EU and Vietnam below normal val

The International Monetary Fund (IMF) has projected a 7.3 per cent growth rate for India this fiscal and 7.4 per cent in the next in its World Economic Outlook (WEO) report. India’s growth rate in 2017 was 6.7 per cent. This acceleration reflected a rebound from transitory shocks with strengthening investment and robust private consumption, according to IMF. With a strong medium-term growth prospects of 7.75 per cent because owing to ongoing structural reforms, the projections are slightly l

Courtesy: Klarna H&M and Klarna have entered into a partnership to further integrate H&M’s digital and physical stores to give customers a personalised shopping experience, no matter where, when, and how they shop. The partnership will deliver an unrivalled experience that will delight H&M customers across all touch-points, with a frictionless checkout across all channels. The partnership will power the H&M club payment programme, provide an enhanced omni-channel customer pa

The Atal Incubation Centre (AIC) at the National Institute of Fashion Technology (NIFT)-Tiruppur Exporters' Association (TEA) Knitwear Fashion Institute in Tirupur has signed a memorandum of understanding (MoU) with the Avinashilingam University for skill training in knitwear for employment. It will also support the trainees to market innovative products. The centre, which already has an agreement with the VLB Janakiammal College of Arts and Science for the same programme, plans to collaborat

Bangladesh labour leaders recently complained that readymade garment (RMG) factory owners have started laying off workers after announcing setting the wage floor at Tk 8,000 following a new wage structure implemented by the government. The new wage would be effective from December. The new wage structure for the RMG workers, however, is yet to be finalised. Just after the primary announcement of the wage for the lowest-grade workers, the factory owners started forcing operators to complet