Cotton yarn export is estimated to have declined by 15 per cent during 2014-15, with a steep fall in shipments to China, which normally takes 40 per cent of the total. In the first nine months of the financial year (April-December 2014), data compiled by the Union textilesministry showed a six per cent fall in the export, at 891 million kg as compared to 946 mn in the same period a year before. The fall accelerated afterwards. In 2013-14, cotton yarn export was 1,303 million kg. Falling ex

The country's raw cotton export fell by 15 percent during the first eight months of the current fiscal year (FY15) mainly due to lower demand and quality issue. Traders said that despite lower cotton prices compared to other competitors, Pakistan's raw cotton was unable to capture the world market. Pakistan is the fourth largest cotton producing country in the world and has so far achieved a bumper of 14.7 million bales during this season. "Depreciation of dollar against Pak Rupee and lower

The spring season makes the perfect weather to play a little tennis. And with the March, 3, 2015, issue of Stylist Arabia, the magazine spotlights how to dress for the court with an all white wardrobe styled by Gemma Jones. Photographed by Kiki Lee with art direction by Acacia Stichter, model Brianna brings some glamour to the sportwhile rocking a mix of body-con dress, sneaker wedges and crop tops. / Hair and makeup by Hedi Kalmar Source: Fashion Gone Rogue.

Recently, Shanghai Yuanyuan Industrial Co., Ltd. and Hangzhou-based China Ting Group have agreed to set up a joint venture – Tingyuan (Hangzhou) Textile Technology Co., Ltd. based on China Ting Peitraluna Ltd. (CTP), a subsidiary company of China Ting Group. The new company will mainly involve in the business of recycling waste textiles and converting them into fiber. The company will import state-of-the-art sorting and opening equipment from abroad to set up an automatic and clean production li

The government is delaying to issue notification for Technology Up-gradation Fund Scheme (TUFS), hindering the industry from undertaking BMR and fresh investment initiatives for textile industry. The federal government has withheld the notifications of initiatives under the Textile Policy 2014-19, to avail the terms of Technology Up-gradation Fund Scheme (TUFS). Consequently, serious structural imbalances have occurred across the textile value chain, as 25% of the basic textile worth $4 billi

Cotton output in India is likely to decline by a marginal two per cent due to massive decline in yield following delayed sowing last year. Data compiled by the ministry of textiles showed total cotton output at 39 million bales (1 bale = 170 kgs) this season ending September 2015, against 39.8 million bales of the fibre production reported last year. The fall in cotton was estimated after various stakeholders met on Tuesday in the Cotton Advisory Board meeting here. “The fall in output can

China’s yuan has dropped to seventh place among the world’s payments currencies, global transactions organisation SWIFT said on Monday, even as Beijing tries to push greater international use of the unit. The yuan — also known as the renminbi — held a 1.81 per cent share in world payments based on value in February, SWIFT said in a statement, down from 2.06pc in January, when it stood in fifth place. The Swiss franc and the Canadian dollar overtook the Chinese currency last month, SWIFT da

Bangladesh should practise hedging for cotton imports, as the consumption of the fibre is on the rise and so are the trading risks, said industry insiders. Hedging is a strategy designed to reduce the risks of adverse price movements in an asset. A hedge usually takes the form of a transaction in one market or asset in order to offset possible losses in another. For example, a company might buy a foreign exchange option to protect itself against the risk of fluctuations in spot currency ra

The Ministry of Commerce, Government of India, will soon release a strategy paper mentioning the ways to increase competitiveness of Indian textiles in export markets. The competitiveness of Indian textiles in global markets is decreasing, while countries like Sri Lanka and Turkey are becoming more competitive in this sector, a news agency said quoting a senior official from the ministry. The move to unveil a strategy paper is important as textiles account for more than 10 per cent of Indi

With cotton prices starting to pick up, spinning mills are averse to buying this year. On Tuesday, the price of cotton rose Rs 1,200-1,400 a candy (356 kg) to Rs 33,830 a candy. J 34 is a variety of cotton grown in northern India with a strength of 4.5 micronaire (a measurement of the thickness of the cell walls of a cotton fibre) and length of 29 mm. A surge of Rs 300 per candy in the price of Shankar-6 (long staple cotton of 32 mm and 3.8 micronaire) has also been witnessed in Gujarat and its