The country is expected to foot a bill of $1.2 billion for cotton imports to meet the shortfall as current season’s (2015-16) crop was damaged by monsoon rains and floods. On an average, domestic consumption of cotton by the spinning industry is at around 10.55 million bales. During last cotton season, the country produced around 10.480m bales and imported about 1.2m bales to meet the demand. The total available cotton last year for the spinning industry was around 10.60m bales out o

The cotton ginning industry facing loss of about Rs 8 crore a day on trading roughly around 80,000 bales every day due to weak prices. There are around 4,500 ginning units in the country, almost half of which are not operational at the moment According to industry estimates, ginners are losing Rs 800-1,000 per bale as cotton prices have fallen by Rs 1,000 per candy to Rs 32,000-32,500 in the last two weeks, while prices of cotton seeds are down by Rs 75 to Rs 400-425 per 20 kg. Given the weak

Adidas, the German maker of sportswear and equipment, raised its full-year sales and profit targets on Thursday as strong demand for its Adidas and Reebok brands powered a strong third-quarter performance. "In the third quarter of 2015, the Adidas group delivered a stellar financial performance," boasted chief executive Herbert Hainer. In the period from July to September, net profit rose by 10.4 percent to 311 million euros ($338 million). Underlying or operating profit was up 26.5 per

Garment workers' real wages have increased but there is scope for a further increase as competitiveness of the $27 billion export-earning sector has not eroded due to a wage spike in 2013, according to a study by Bangladesh Institute of Development Studies. The study calls for participation of global buyers and retailers to improve working conditions so that workers can make a living, saying that buyers and retailers take 75-88 margins over the retail prices of an apparel item. “They canno

Pakistan government likely to consider reduction in regulatory duty on the import of cotton yarn to benefit the garment sector as the cotton yarn, fabric commercial and value addition sector exporters are now facing 10% regulatory duty on imports from November 1, 2015, a source in the Ministry of Finance has hinted. The performance of value addition by woven garments sector is 846%, hosiery/knit garments 616% and spinning sector is 59%. In the recent meeting with Finance Minister Ishaq Da

Workers push harvested cotton with their feet as they unload it from a supply truck at a cotton processing unit in Kadi, in the western state of Gujarat India, the world’s biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 %from a year ago as demand from Asia is expected to improve, a senior government official told reporters on Tuesday. Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the

Confederation of Indian Textile Industry’s Cotton Development and Research Association, which has been active in Rajasthan for the past few years, now plans to raise yield there to 1,000 kg per ha. With higher yield, Rajasthan’s production has also increased to around 170,000 bales. P D Patodia, chairman, CITI standing committee on cotton, said that they had set a target of raising yield to 1,000 kg (per ha). Rajasthan is expected to have the highest cotton yield this season. The Cotton A

The Textiles Ministry has recommended to the Centre to reduce excise duty on man-made fibres (MMF) from 12 per cent to 6 per cent, according to an agency report. The recommendations came following Textile Commissioner Kavita Gupta's discussions with various export promotion councils and traders' bodies recently. At a meeting with Tirupur Exporters' Association at Tirupur, Gupta said it was for the government to decide on the reduction, according to sources. The Textile Commissioner also

Zambia has recorded an increase of 20,000 tonnes in cotton production for the agricultural season 2014-2015, as per Zambian media reports. The seed cotton production increased to whopping 1,15,000 metric tonnes in the 2014-2015 agricultural season compared to 95,000 metric tonnes in the 2013-2014 season, according to the Zambia Cotton Ginners Association. “The increase in cotton production could be attributed to the continued private sector-led input and market service delivery by the gin

Major Taiwanese textile firms participating in the international textile machinery exhibition ITMA will showcase their latest developments and advantages of using their new materials at the show, Taiwan Textile Federation's Textile Export Promotion Project (TEPP) has said in a statement. Most of the major Taiwanese companies are vertically integrated, which helps them achieve absolute control of the entire manufacturing process to ensure that production is sustainable across all links of the