ICE cotton futures slipped on Monday on investor selling as worries built ahead of a Federal Reserve meeting eyed for signs of when the U.S. central bank will slow its stimulus and concerns grew over economic growth in China, the world's top textile market. The most-active December cotton contract on ICE Futures U.S. edged down 0.41 cent, or 0.5 percent, to settle at 84.71 cents per lb. U.S. stocks dipped and the dollar climbed a day ahead of the Fed's two-day policy meeting this week eyed b

While for GHCL, the revenue has fallen due to rationalisation in its clientele, for Jindal Worldwide and Pradip Overseas the same has fallen due to dip in demand. Unlike other verticals of textile industry, the home textiles vertical has taken a beating in the first quarter. According to industry players like GHCL and Pradip Overseas, while the margins have more or less remained intact, the revenue have fallen for the players. While for GHCL, the revenue has fallen due to rationalisation in i

India’s Apparel Export Promotion Council (AEPC), under the aegis of Ministry of Textiles, Government of India in active collaboration with the Embassy of India, Japan, participated with 136 companies, constituting a more than a 20% share in overall participation in JFW International Fashion Fair, Tokyo from 17-19 July, 2013. Zohra Chatterji, Secretary (Textiles), Ministry of Textiles, Government of India led a delegation of manufacturer exporters from apparel, fabric and made-ups along with D

New orders for Italian textile machinery were up by 12% during the second quarter of 2013, compared to the year before, according to figures released by ACIMIT (Association of Italian Textile Machinery Manufacturers). The Association’s economics department revealed that the growth was driven by foreign market purchases, up 14%, whereas the domestic market was stable with orders down 1%. Raffaella Carabelli, ACIMIT president, said: “Overall figures show a definite improvement with respect t

Indian apparel exporters have generated a business worth USD 32.4 million from the JFW International Fashion Fair (IFF), recently held in Tokyo, informed the apex apparel exporters' body. "India Pavilion has witnessed over 1900 buyers and the business negotiated/ done was USD 32.4 million," Chairman, Apparel Export Promotion Council (AEPC), Dr A Sakthivel said in a press statement recently. The first time visitors were hopeful of generating business in long term. Considering this, it is expe

Local garments exporters are expected to cash in on the expected comeback of American and European buyers, who have reportedly started increasing their outsourcing activities in the country. Robert Young, president of the Foreign Buyers Association of the Philippines (Fobap), was quoted by the Philippine Exporters Confederation Inc. as saying that Fobap members were now “receiving more purchase orders from their principals” in the United States. These are the same US buyers who have stopped b

It is planned to reap around 1.050 million tons of cotton from an area of a half million hectares this year, "Neutral Turkmenistan" newspaper reported. The crops are still being grown. "The prospects for the crop are good, especially given last year, when the country's cotton growers reaped about 1.235 million tons of harvest, considerably exceeding the state order by 11 percent," the article said. Around 5,500 pieces of technology from companies such as John Deere, Case, Belarus, Minsk Tr

RAINY WEATHER has caused problems for Georgia cotton growers, delaying plant development and making it hard to get into the fields to apply timely and much-needed crop-management products. The heavy rainfall this summer has created a tidal wave of challenges that some cotton growers are still fighting. While the increased moisture kicked-off growth in some plants, it stunted growth in others and made fields almost impossible for tractors and equipment to pass through. "There a lot of

India’s competitiveness in the cotton textile sector has improved over the last decade against six competing countries including China, Bangladesh and Thailand, leading to a higher global market share. The increase in competitiveness has been in areas like technology up-gradation, manufacturing costs and exports, the study titled ‘Cost benchmarking in India vis-à-vis Bangladesh, Indonesia, Egypt, China, Pakistan and Turkey’ said. Greater competitiveness in key areas has pushed India’s global

The Trans-Pacific agreement being negotiated by the U.S. could give authorization for Vietnam to obtain thread from China and export textiles duty-free to the North American nation. The Ambassador of El Salvador inthe U.S., Ruben Zamora, has already raised concerns with officials from the U.S. trade office (USTR). Zamora affirmed that representatives from textile companies have visited the U.S. and plan to make more visits in order to draw attention to the situation reports LatinAmericaData.