Ayka Addis Textile & Investment Group, a Turkish textile company, has been declared the top textile and garment export performer in Ethiopia for the year 2013-14 by Ethiopian Textile Industry Development Institute (TIDI), Ethiopian Radio and Television Agency reported. The communications director of TIDI, Bantihun Gessesse said that Ayka Addis Textile & Investment Group contributed around US$ 63 million, out of the US$ 111.45 million textile exports revenue in Ethiopia.He said that Germ

courtesy: FAS/USDA China’s cotton stocks-to-use ratio surged to a record level of 180 percent in 2013-14, due to the Government’s price support and import policies, according to the Foreign Agricultural Service (FAS) of the United States Department of Agriculture (USDA). From 2002-03 to 2008-09, China’s stocks-to-use ratio averaged just 49 percent, which implies that the current stocks are over 45 million bales above average, FAS says in its ‘Cotton: World Market and Trade’ report releas

When the mercury starts to drop at this time of year (happy first day of fall, everyone!), I find it nearly impossible to leave the cozy comfort of my bed and get dressed. Do you ever feel like that? Well, good, because we have a solution for you in the form of one of our favorite fall fashion trends: the blanket coat. You might recall the Burberry’s finale from last season. A parade of chic, blanket-coated ladies led by Cara Delevingne, marched out wearing the chicest blanket capes, embroidered

China will not increase its cotton import quota next year beyond the 894,000-tonne quota it promised when joining the World Trade Organization, a Chinese official said Monday. "We will guide domestic textile enterprises to use more homegrown cotton," Liu Xiaonan, an economic and trade official with the National Development and Reform Commission (NDRC), said at a press conference. The official's remarks came after the government removed its long-held temporary cotton purchasing policy and i

After failing to get South Korean LG Chemicals on board as a technology partner for its Kochi-based petrochemical project, Indian public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said it will buy outright, the critical technology to produce speciality chemicals. The critical technology is used in producing speciality propylene derivatives-based products such as acrylic acid and acrylates and used in textiles, plastics, paints, coatings, adhesives and inks."Since our plan to get the

As the number of companies engaged in the textile industry has been increasing, the Ethiopian Textiles Industry Development Institute plans to set up a national enterprise that will help create linkage between cotton producers and textile industries. Institute Director-General, Sileshi Lemma, said that the Enterprise will have the mandate to purchase, sell and store raw cotton. It is aimed at addressing challenges related to shortage of raw material supply. This will help realize the count

It has been nine years since the two countries, Korea and Canada began negotiating the terms of the Free Trade Agreement (FTA) in 2005. President Park Geun-hye, who is currently making a state visit to Canada, will hold a summit meeting on the 23rd with Canadian Prime Minister Stephen Harper at Ottawa and sign a free trade agreement. According to Ahn Jong-beom, the senior presidential economic adviser, the Korea-Canada FTA will liberalize trade between the two countries by 92-95 percent with

Asia’s leading technical textiles and nonwovens trade fairs opens this week and covers three halls totalling 35,000 sqm, making it the largest event in its history. Around 460 exhibitors from 22 countries and regions will take part at Cinte Techtextil China which runs from 24 – 26 September at the Shanghai New International Expo Centre. The fair covers the full range of industry product groups with 12 different application areas on display. This year’s highlights in the International Hall (ha

Textile Raw Material Price 2014-09-22 Item Price Unit Fluctuation Date Crude Oil WTI 92.41 USD/Barrel -0.71% 2014-09-22 Crude Oil Brent 98.39 USD/Barrel 0.71% 2014-09-22 PX 1238 USD/Ton -0.4% 2014-09-22 PTA Buy 6570 RMB/Ton -1.5% 2014-09-22 PTA Sell 900 USD/Ton -1.64% 2014-09-22 MEG Buy 6650 RMB/Ton -1.48% 2014-09-22 MEG Sell 905 USD/Ton -1.63% 2014-09-22 C

This year the cotton arrival in Pakistan market has shown an increase of 4.73 percent. Around 2,750,563 cotton bales were sourced to the country's ginners by September 15th, according to Pakistan Cotton Ginners Association (PCGA) fortnightly report. Cotton trading remained firm amid strong physical price and higher cottonseed prices. PCGA Chairman Mukhtar Ahmed Baloch briefing about seed-cotton (phutti) arrivals, sales and unsold stock of cotton said that 2,314,837 cotton bales were sold t