The cotton market on Monday remained dull as the presence of buyers and sellers in the trading ring was very thin. The undertone remained easy and outlook uncertain. Floor brokers said that depressed condition in world cotton markets and slow off-take of cotton yarn and textile goods were giving gloomy outlook as spinners had also reduced their daily operational shifts. Imports of huge quantity of cotton was equally hurting the domestic market and ginners with unsold stocks of around one m

The Vietnamese products would lose their strengths in the middle- and long-term if domestic businesses do not restructure production, thus bringing in higher added value, Tran Tuan Anh, deputy minister of Industry and Trade said. Anh said that Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership Agreement (TPP). This was the reason that Vietnam has issued the export strategy by 2020 with a vision to 2025 to take

Vietnam's textile and garment industry is confident of achieving its 2016 export target of $30 billion as most of the companies have enough orders already or are confident of achieving them to meet their revenue goals, according to Vietnamese media reports. Importers have already placed ample of orders and the textile and garment industry in Vietnam may have to look for more staff in order to complete them on time, according to Vietnam Textile and Apparel Association (VITAS). The textile

A Chinese textile company buys a newly constructed 53,000 square foot warehouse at 1 Palmer Terrace in Carlstadt’s industrial section in January for use as its first U.S. distribution center. According to CoStar, a commercial real estate research company, the company paid $12.49 million, in a deal that reflects the strong demand for industrial space in the meadowlands. The warehouse was built by Sitex Group, a New York-based owner of industrial real estate. Sitex bought the 7.5-acre prop

Textile and clothing exports dropped by nine per cent to $7.345 billion during the first seven months (July-January) of this fiscal year from $8.086bn in the same period a year earlier, the Pakistan Bureau of Statistics (PBS) said on Tuesday. The decline came despite a duty-free access to European markets under GSP+ preferential tariff scheme. A source in the commerce ministry said the government has developed a three-year strategic trade policy framework 2015-18, but it has yet to annou

In India, cotton prices edged up in the third week of February on fresh demand from domestic yarn mills after prices declined in the previous week. Gujarat Sankar-6 cotton gained INR500 to INR33,600 per candy. Other varieties saw prices gain INR200-800 per candy. As a result, cotton yarn prices climbed in India during the week, with offers regaining INR1 a kg in Ludhiana whereas remaining flat in Indore. The rise explains the rebound in cotton prices, after progressively declining in the pas

Turkish textile and ready-made clothing sectors to make up for their losses experienced since bilateral political relations were strained with Russia, is all set to open up to Iranian and African markets as an alternative markets to compensate lose of Russian market. Turkish textile exporters have planned roadshows in Iran, Ghana, Nigeria, Morocco, Tunisia and Algeria in March. Laleli Industrialists' and Businessmen's Association (LASİAD) President Giyasettin Eyüpkoca said that economic

Ahead of the new textile policy, Textiles Minister Santosh Gangwar has said that the government expects an investment of Rs 30,000 crore in 74 textile parks that would be set up in the country. "Our government has given approval to 24 Textile Parks in the last one year, the rest were cleared by the previous government. So in total we are setting up 74 textile parks, which will attract an investment of Rs 30,000 crore," Gangwar told reporters on the concluding day of the Make in India Week in

The Government of Japan provides additional assistance to budding Sea Island Cotton industry, Belize. Cotton crop yields are much higher than any other agricultural product in Belize, including sugar cane, but cotton farming requires different kinds of equipment. The Japanese, who are knowledgeable in the harvesting and processing of cotton, has offered this kind of support, as well as the equipment to produce cotton. A year ago, Japan also assisted the industry, which was originally started

Fall in cotton yarn and fabric markets is depressing cotton trade, as leading spinners stayed away from the proceedings having already imported a substantial quantity of cotton due to which the cotton market turned easy on Friday, said floor brokers. Despite the fact that stocks are low and there is little hope of any substantial arrival of phutti (seed cotton) during the current season, there are hardly any signs of panic buying. Brokers said that millions of spindles would go idle in the