Cotton market on Tuesday witnessed modest trading activity, dealers said. The official spot rates unchanged at Rs 6250. According to the market sources, arrival of quality lint was slow, which caused sluggish demand by leading mills and spinners. As per dealers, the seed cotton prices in Sindh were at Rs 2600-3200 and in Punjab rates were at Rs 2800-3400, per 40 Kgs. Cotton analyst, Naseem Usman said that the cotton yarn market continues to be sluggish, it looks that present trend may ma

Since entering the World Trade Organization (WTO) 15 years ago, China has witnessed robust economic growth, and an increasingly prosperous China has created significant opportunities for countries around the world. China joined the WTO as its 143rd member on Dec. 11, 2001. Since then, the country has grown into the world's second-largest economy and largest trading country, while millions of Chinese have been lifted out of poverty. Changes for the Chinese include buying cheaper cars, enjoy

Vietnam’s textile and garment exports this year are estimated to reach US$28.5 billion, meeting roughly 92% of the set plan due to market difficulties, the Vietnam Textile and Apparel Association (Vitas) reports. According to the association, the industry’s largest export market in 2016 remains China, which accounts for more than half of the industry’s export value. Exports to the US this year are also estimated at $11.4 billion, up 4% against last year. The EU, Japan, India, Brazil, Ru

India has been witnessing a steady rise in the export of handmade carpets and floor coverings since last three years. Carpet exports increased form Rs 7108.31 crore in FY13-14 to Rs 8441.95 crore in FY14-15, and then to Rs 9481.36 crore in FY15-16. In the ongoing financial year 2016-17, carpet exports have already touched Rs 5786.85 crore till October. The data on India’s carpet exports was given by Union textiles minister Smriti Irani in a written reply to a question in Rajya Sabha last wee

China has made an offer of technology and finance to Bangladesh for building a plant to make viscose fibre from jute. Viscose made from cellulose fibre found in trees by way of a complex chemical treatment is softer than cotton with good moisture-absorbing properties. This offering by China is done in its pursuit to strengthen economic ties with South Asian countries. If the plant materializes, then Bangladesh will not have to spend anything between 700 and 800 crore taka annually for import

The Government of India is working on a policy to reduce the flow of low-priced fabric into India, Union textiles minister Smriti Irani has said. Irani visited many powerloom factories in Maharashtra's Bhiwandi district and spoke to powerloom owners and workers to understand their problems. Bhiwandi is home to around seven lakh powerlooms. At a meeting of powerloom owners, Irani said she will meet officials of textile councils soon, and promised that she would also meet textile industry repr

361 Degrees International Limited (361°), a major Chinese supplier of shoes and sports goods, has stepped out to is try its footwear and apparel on the European market. 361 Degrees International Limited is also setting out in the running and fitness sectors, with six colourful shoe models from the running training and trail sectors in European market. The launch campaign, developed by Hamburg-based agency Drehmoment, focuses on the visualisation of the “runner’s high,” the euphoria runners ex

Aussie cotton farmers have hailed the Queensland Government's decision to offer an Au $10 million regional business support package. The funding is designed to allow energy users to better understand their energy usage and billing, which would allow users to adjust in order to minimise costs and also includes funding for meters and impact trials. The initiative will help better understand the impact of bills under different tariff options and promotion of energy audit services to cotton farme

Big spinners reducing their buying activity by keeping away from the trading ring as the issue of import of Indian cotton remain unresolved. There is a strong perception among spinners that the current situation of conditional imports of cotton from India is against the interest of the industry. This kept trading activity slow at cotton market on Saturday. It is being argued that by restricting free flow of cotton from India the government is damaging the local spinning industry on two accou

Tanzania is making efforts to protect its domestic textile market. For that, efforts are being made to introduce them in local markets instead of cheap imports. More manufacturers were moving huge sales to the regional markets of the East, Central and Southern Africa than they did to the local markets.Also, instead of dealing with second-hand clothes, traders can start buying and selling locally manufactured garment and earn maximum returns. Trade of second-hand clothes popularly known as (mi