French demands that the EU slap curbs on surging imports of cheap Chinese textiles ran into resistance on Tuesday from old ally Germany, which said it was up to Europe to make its own industry more competitive."In the past we were too heavily protected and now we have a problem of competitiveness," German Economy Minister Wolfgang Clement told a news conference during a meeting with his European Union counterparts."Safeguard measures in a globalised world are now less appropriate than they ever

Textile sector entrepreneurs of Brazil and Argentina renewed last week the voluntary limitation agreement, regarding to denim exporting from Brazil. The fabric is utilized in jeans manufacture and represents about 10% of the bilateral textile commerce. According to Fernando Pimentel, Superintendent Director of Abit (The Textile Industry Brazilian Association) the agreement foresees the exporting of 15.8 million linear meters of denim, from Brazil to Argentina, in 2005. The volume is a little hig

The Indian polyester market is going through a dull phase, with polyester yarn prices falling by around 7 cents over the last quarter while international prices declined as much as 12 cents. Yarn prices could come down by another 14 cents in the next 1-2 months. The Indian industry expects some reductions to be announced by May 15. The sluggishness in the market is also due to the seasonal problems that Indian business has to face. Power shortage is very severe during the months of April and M

China's exports of dyed polyester filament fabrics surged in January-February 2005. Due to competitive prices, sales increased rapidly on US and Pakistani markets. Unit prices were kept unchanged compared to the same period of 2004, although polyester prices sharply rose in the meantime. China's exports of dyed polyester filament fabrics made from textured yarns were up more than 67% in volume terms in the first two months of 2005, nearly reaching 500 million square metres (under HS number 540

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It was a dull Friday at the Karachi cotton market on Friday, with only about 3,500 bales being traded. Even the KCA spot rate remained stuck at Rs 2,225 per maund, trade sources revealed.The TCP has already completed sale of its first lot through tender and traders await the second one to be out soon which will decide their pricing strategy says leading ginners.Sources informed that leading mills bought about 500 bales at Rs 2,350 per maund while spinners set up contracts for second-grade cotton

Taiwan's imports of cotton yarns sharply rose in the past months with Pakistan and Indonesia gaining significant market shares to India. Taiwan's exports of cotton yarns rebounded in January in addition, thanks to a surge in demand from China. Import and export prices fell in the second part of 2005, following global trends in the yarn market. Taiwan's imports of cotton yarns (HS 5205: containing 85% or more cotton by weight) rose more than 50% in January in volume terms to 4,246 tons. After

Wool prices slightly declined this week in Australia amid poor interest from buyers. All eyes were turned to Hobart were wool processors from around the world warned about current crisis in wool apparel sales and the need for more promotion. This was a sad week for wool. Prices slightly declined with the benchmark EMI (Eastern Market Indicator) losing 4 Australian cents on Thursday to 726 cents per kilo clean after being unchanged on Tuesday and Wednesday. A small decline in the US$ against t

Lakme India Fashion Week 2005 kicked off on April 20, 2005 in Mumbai.This premier Indian fashion event will see the participation of top Indian fashion designers.To name a few:Abu Jani-Sandeep Khosla Anuradha Vakil Ashish & Smita SoniFalguni & Shane Peacock Malini Ramani Manish AroraPayal Jain Raghavendra Rathore Rina Dhaka Ritu KumarRohit Bal Sabyasachi Mukherjee Satya Paul.The fair is almost in its mid week and a gala crowd is expected today and on Sunday with a string of exciting even

Australian Wool Innovation Limited (AWI) Chief Executive Officer (CEO) Dr Len Stephens today welcomed the Australian and Chinese Governments' green light for Free Trade Agreement (FTA) negotiations."China is critical to the longterm prosperity of Australian woolgrowers and a comprehensive FTA will clear obstacles along the wool supply chain that restrain export growth to this $1 billion annual wool export market," he said."The FTA should increase capacity for real export growth through the liber