Cotton prices slightly came under pressure on Tuesday in line with world markets where China is re­­ported to have released some of its cotton stock for auction. After the news most world cotton markets came under pressure and closed easy. As a result, cotton prices on the domestic market fell by around Rs150 to Rs200 per maund. Similarly, most world cotton markets also closed easy under the lead of New York cotton which lost two cents per lb. The current spell of rains has almo

In International market cotton was traded at 77 cents from 62 cents three months ago, a rise by 24.19 percent due to a fall in supplies by China and India, two major cotton producers and consumers. Six months ago the price was below 60 cents, according to industry insiders. According to Hissam Khandker, director of Delcot Enterprise Ltd, a leading cotton importer of Bangladesh, it is a short-term hike. He hopes that the price will start declining from November when new crops will be available

By combining two genes which can improve its output of Bt toxins, a research paper from Delhi University has claimed to have hiked Bt cotton's level of resistance to pests. The amount of Bt toxins produced, when the two genes are combined in a cotton plant rises by 4 to 5 times higher than those available in the market currently. According to the paper, this development can prove crucial in dealing with insect attacks that may increase because of global warming. In recent times, pink bo

Nearly 25 new textile technologies will be launched at the 10th India International Textile Machinery Exhibition (ITME 2016), India biggest textile machinery fair to be held in Mumbai in December 2016. “These 25 technologies include eight for the spinning sector, seven for processing and nine for weaving,” Sanjiv Lathia, chairman of India ITME 2016 informed reporters in Coimbatore. Additionally, 162 new companies, including 32 from overseas countries will partake and exhibit their textile

On the occasion of National Handloom Day on August 7, Prime Minister Narendra Modi said the growth in the handloom industry would not only ensure employment, but also be a means of women empowerment. “On National Handloom Day, let us affirm that we will give an impetus to the handloom sector and use more handloom products in our daily lives,” he stated. "Our handloom sector is diverse, eco-friendly and is a source of employment for countless weavers, who will be very encouraged by our supp

India's decision to impose definitive anti dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia may have an adverse impact on Surat, India's biggest manmade fibre fabric hub. Quoting industry sources, the Times of India, said the anti-dumping duty on PTA imports will create a monopoly of big spinning houses, due to which, small and medium-scale spinners in Surat and Mumbai will suffer. “This will further escalate yarn prices by Rs 3 to R

THE yuan strengthened slightly against a basket of currencies in July, according to latest data released by financial services provider China Foreign Exchange Trade System (CFETS). The yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies including the U.S. dollar, euro and Japanese yen, came in at 95.34 at the end of July. That marked a 0.34 percent appreciation from 95.02 a month earlier, CFETS said in an article published on its websit

CHINA'S exports in yuan-denominated terms rose 2.9 percent year on year in July, while imports fell 5.7 percent, customs data showed on Monday. That led to a monthly trade surplus of 342.8 billion yuan (US$51.5 billion), up 34 percent from one year earlier, according to figures from the General Administration of Customs. Source: Shanghai Daily.

To say that things have been shaky in the UK since it voted to leave the EU would be a bit of an understatement. Following the Brexit, the country has been transformed into sanctuary for luxury bargain seekers due to the state of currency volatility. In an unforeseen move, the UK has become the world's cheapest market for luxury goods, following Brits decision to vote in favour of leaving the European Union on June 23. This vote send the pound plunging to its lowest level over the past 31 ye

As part of its 'Authentic Alchemie' collection, Cordura brand has unveiled its latest softened strength Cordura Denim 'Infinity' fabric which features Lenzing's Tencel fibres. According to the brand, 'Infinity' fabrics are perfected to integrate the best of softness with strength; fashion and function; and durability with definition. "By blending Cordura and Tencel fibres, we build products to be comfortable and last and we are designing for durability and creating jeans that feel great,”