Ample availability of domestic cotton, poor condition of yarn prices, downturn in global commodity prices including cotton and weakening economic growth in many parts of the world have all bunched together to depress fibre prices. In Pakistan, prospects of better cotton output than originally anticipated have also contributed to an easy outlook for cotton prices. Since nearly one week, cotton prices in our market have mostly remained range bound. According to Karachi brokers, seed cotton (Kapa

Textile sector associations have threatened a massive protest campaign and sit-ins from Nov 15 if the proposed plan to suspend gas supply to industry in Punjab is not reversed soon. Rejecting the four-month long gas closure plan, representatives of textile associations said the industry will continue 33 per cent gas consumption for industrial production, spokesperson for Pakistan Textile Exporters Association (PTEA) said on Wednesday. Attended by office-bearers of PTEA, Faisalabad Chamber

Chinese silk company uses APEC platform to highlight global plans Riding on the back of endorsements from global leaders during the Asia-Pacific Economic Cooperation leaders' meeting in Beijing, Chinese silk major High Fashion Silk (Zhejiang) Co Ltd is looking to spread its reach beyond the nation and enhance its standing as an icon of Chinese culture, a company official said on Tuesday. High Fashion Silk, a leading woven silk and knitting fabric producer from Xinchang in Zhejiang province

Cambodia on Wednesday raised the controversial monthly minimum wage for garment workers by 28 percent, a decision likely to infuriate unions seeking a higher increase and revive calls for strike programme. Cambodia deployed armed troops in the capital in September as garment workers held rallies to revive a campaign for higher wages that had helped to stoke a year-long political crisis. Sixteen members of the Labour Ministry’s Labour Advisory Committee voted for the government-proposed minim

Textile associations have rejected the four months long gas closure plan and urged the government to immediately reverse this gas supply cut decision. Textile associations asked the government to reverse the proposed gas cut plan within two days. While addressing a joint press conference of Pakistan Textile Exporters Association (PTEA), Faisalabad Chamber of Commerce and Industry (FCCI), Pakistan Hosiery Manufacturers and Exporters Association (PHMA), All Pakistan Textile Mills Association (

A compact cotton yarn manufacturing company will be set up on 40 bighas of land in Habiganj in the next one and a half years at an approximate investment of Tk 150 crore. The new venture, Far East Spinning Industries Ltd, will be the first company that will completely manufacture compact yarn. It will have 25,000 spindles with a production capacity of 14 tonnes of high quality yarn per day, said a top official of the firm. Compact yarn is a value-added product that reduces dyeing, finis

The textile industry of Iran needs to form a network of marketing and sales units in factories, as the industry has a high value for finished products and can maintain a working capital for producers, according to Golnaz Nasrollahi, General Director, Department of Textile and Clothing Industry, Ministry of Industry, Mines and Trade, IRNA reported. She emphasized the managerial role of producers in the textile market and how producers throughout the world offer their products to the consumers

Although US cotton exports started slowly compared to recent years, they are on track to reach the forecast of 10 million bales for 2014/15 cotton season, the Foreign Agricultural Service of the United States Department of Agriculture (USDA) said in its November 2014 report on “Cotton: World Markets and Trends”. By the end of the first quarter of the current season on October 30, the total cotton exports by the US were just 12 percent of the forecast. One of the reasons for this slow start wa

To preserve and make full use of local culture and history, the Qingdao Traffic Business District authority renovated the century-old, State-owned No 6 Cotton Textile Factory into the M6 Virtual Reality Industrial Park, which has 16 virtual reality programs. "As well as business, we also cherish our culture, history and traditions as they are not only our invaluable wealth but also the humanistic foundation that can elevate the soft power of this area," said Liu Yungang, director at the devel

US Ambassador in Dhaka Dan W Mozena has strongly denied the allegations that Bangladesh pays tariff for apparel exports to the US market. “Bangladesh pays zero … zero … zero … zero tariff,” he firmly said, replying to a question at a meeting with the Economic Reporters Forum (ERF) held at the National Press Club in the city yesterday. His claim came as a surprise to Bangladeshi garment manufacturers and exporters as they have to pay an average of 16.5% tariff for apparel exports to US.