Lower consumption of Cotton will lead to higher ending stocks for both 2014/15 and 2015/16 relative to last month, says the US department of agriculture (USDA) in its estimate for this month’s world cotton supply and Demand. For US, the report keeps cotton production forecast unchanged from last month at 14.5 million bales, as lower expected abandonment and slightly higher yields offset the reduced planted area indicated in the Acreage report released by the National Agricultural Statistics S

A new beginning for silk sector decades after Veneto's last silk mills were closed as a post-war economic boom lured farmers to cities, budding silkmakers - or sericulturists are making attempt to spin a niche around a traceable supply chain of high-quality material. They are nourishing hopes of a revival of Italy's 1,000 year-old silk industry as clusters of silkworms munch on piles of locally-grown mulberry leaves in a white marquee in Italy's northern Veneto region. Giampietro Zonta, a je

The Director General of Foreign Trade announced a new list of textile items eligible for export sops, last week which excluded certain knitted fabrics for concession under the Merchandise Exports from India Scheme. This came as a big surprise for the Cotton Textiles Exports Promotion Council (Texprocil). Knitted fabrics with HS (Harmonized System) Code 6006, which covers most of the knitted fabrics including those with lycra are value added products that are used widely in garments were left

Italy’s Vice minister of economic development, Carlo Calenda, to detail the Ministry of Economic Development's year-long plans to boost Italian exports to the US which will involve "trade shows, special events, incoming services and assistance in Italy and a major media campaign. Italy is said to be announcing a €20 million initiative to strengthen its relationship with the US regarding textiles, fashion and leather goods exports. Italy will be rolling out media campaigns, promotional events

Data released by Customs General Administration shows that China’s imports and exports value in June is 337,487 million USD, rises 5.1% MOM and falls 1.2% YOY. Total imports and exports value from January to June is 1,880,775 million USD, drops 6.9% YOY. In June, China’s exports value of yarns, textiles and textile products is 9,468 million USD and imports value is 1,683 million USD; exports value of apparel and apparel accessories reaches to 15,881 million USD. In H1 2015, China’s total expo

Close to 100 textile mills that make synthetic yarn in Tamil Nadu stopped production on Saturday (July 18), as part of the decision taken at a meeting of the synthetic spinners group of Indian Texpreneurs Federation (ITF) in Coimbatore last week, according to media reports. The move follows the decision by the ITF synthetic spinners's group's decision to shut their units during the weekend following the sharp fall in yarn prices. This was the first weekend the mills were closed following the

Beginning next year, the textile industry in Taiwan will have to mandatorily take energy conservation measures, as per a directive of the Ministry of Economic Affairs (MOEA), according to local media reports. In its effort to improve Taiwan’s energy use efficiency, the MOEA has come out with a draft regulation, which if properly implemented can save up to 40,000 kilolitres of oil equivalent per year in the textile industry alone, the reports said. Textiles is categorised as one of the heav

The government has prepared a plan to increase textile exports from the existing 13billion dollars to twenty-six billion dollars in the next five years. Under the plan, special incentives would be given to small and medium enterprises. New schemes and initiatives will also be launched to increase usage of information communication technology, Radio Pakistan reported on Sunday. The plan envisages making the textiles sector compliant with labour and environment rules and conventions domestical

Women’s fashion wear, particularly Chinese woollen women’s jackets were the next big thing in China that would continue to drive demand for Australian Merino wool in the short term, said was part of discussion at the forum for wool classers and woolgrowers at Northam last Saturday. Leading wool economist Chris Wilcox, executive director of the National Council of Wool Selling Brokers of Australia and chairman of the Market Intelligence Committee of the International Wool Textile Industry said

The Ministry of Commerce (MoC) on Tuesday began looking into allegations of the dumping of acrylic fiber imported from Japan, the Republic of Korea and Turkey. The MoC will try to determine whether the imports have damaged domestic producers' interests and if their interests have been affected, the ministry said in a statement. The investigation started on July 14, the statement said. Acrylic fibers are widely used in the clothes manufacturing sector. Source: ECNC.CN