Cotton appears to have found a new role - as oil spill cleaner. Oil spills damage both human health and environment. Scientists at the Texas Tech University have investigated cotton as oil spill cleaner. A team from the university's Institute of Environmental and Human Health found that finer raw cotton in loose form is best suited for absorbing oil. "So far, most oil sorbents are synthetic-based, which also leads to problems in marine environments. Our goal is to enable a biodegradable and n

Australian cotton growers and exporters during a seminar organized by Australian Cotton Shippers’ Association in Ludhiana urged Indian traders and industry owners to buy the Austrialian cotton. Stuart Gordon, research scientist from Advanced Fibres and Industrial Chemistry Group, Australia, said that the Australian cotton had high fibre strength, and was dyeable and spinnable, making it better than cotton from other parts of the world. He further added that the uniformity and consistency of t

Serbia's trade minister Rasim Ljajic during the meeting organized by the Foreign Economic Relations Board of Turkey (DEIK) on Wednesday said that Turkish companies have expressed interest in investing in Serbian textile sector encouraged by the good business climate in the country. Serbia offers the best business environment in the region, with a highly qualified workforce and the best conditions for foreign investors, Ljajic said at the meeting. Representatives of two Turkish textile comp

Cotton market witnessed sudden revival of buying interest on Wednesday, there was no apparent reason for it, except that two leading spinners moved into the trading ring to replenish their stocks, brokers said. The lint prices generally remained steady. Many small spinners also actively participated in the proceedings and were eager to book maximum quantity of cotton, but most of them returned disappointed due to short supply. The Karachi Cotton Association left its spot rates unchanged. T

Businessmen beware! Women are no longer content with just wearing the trousers. If Paris fashion catwalks on Tuesday are anything to go by, they are coming for your ties too. The most unloved accessory in the male wardrobe has caught the magpie eye of several womenswear designers, who have dragged it from the dark of the sock drawer and promised it the love and glamour no man could ever give. Finnish brand Aalto and newcomers Jour/ne and Victoria/Tomas all featured ties, either knotted or hun

Bangladesh has earned close to Tk 72.94 billion in the fiscal 2015-16 by exporting 1.96 million bales of jute and jute products. This amount is about Tk 8.75 billion more than the amount earned by exporting these products in the previous fiscal. The total jute production of the country during the financial year 2015-16 was 8.25 billion bales. Bangladesh earned close to Tk 10.54 billion in the said fiscal on exports of 1.14 million bales of jute. About Tk 62.40 billion was earned by exporting

Powerloom owners in Coimbatore and in the Tiruppur district have stopped production in their respective units to protest against fluctuating yarn prices that are affecting their profit margins. The strike will affect business worth Rs 200 crore and production of about 85 lakh metres per day, delaying domestic as well as export business. The increasing yarn prices have affected profit margins of over 2 lakh powerloom units in Coimbatore and Tiruppur districts, said Velusamy, secretary, Powerl

At a consultation session on the free trade agreement with Turkey from February 20-25, 2017, the Vietnamese Ministry of Industry and Trade (MOIT) asked the Turkish side to consider and recognise Vietnam’s market economy and minimise the application of trade defence measures against Vietnamese goods. The MOIT expressed concern that Turkey’s increasing application of trade defence measures against Vietnam’s export items in recent times has been adversely affecting trade exchange between the two

Exporters of Leather in Punjab, especially in Lahore and Multan, are facing the worst-ever crisis due to complete stoppage of cheques of duty drawback claims. Pakistan Tanners’ Association Northern Zone Chairman Azam Malik said that exporters of Lahore and Multan are badly hit by liquidity crisis which is worsening due to held up of their funds in duty drawback refunds. Respective collectorates are unable to release pending cheques against sanctioned claims of duty drawback. “It is irony o

Mexico will continue to seek investment and export opportunities in China, Foreign Minister Luis Videgaray said on Tuesday. In a Senate hearing on Mexico's fraught relationship with the United States, Videgaray reassured the assembly of 280 lawmakers that Mexico is looking to bolster ties with China. Mexico and China have "very important trade ties," stressed Videgaray, "especially due to Mexico's imports from China, (which amount to) nearly $70 billion." One of Mexico's main objecti