Chinese entrepreneurs examined a plot near Burgas to build a textile factory and a showroom. The investors from the Chinese city Shaosin, Zhejiang province, also showed an interest in renting a space in the Industrial and Logistics Park Burgas and High Technology Park Balgarovo. Burgas has the potential and ability to become a large manufacturing and transit center of Chinese textiles to Europe, mayor Dimitar Nikolov said. Shaosin is home to nearly 5 million inhabitants. The city is one of the

As the world's biggest consumer of the fiber, China played a supporting role in the cotton market last year, buying bales and putting them into storage. Its purchases of U.S. cotton have helped boost prices 13% during the current season, which will end on July 31. But next season, China is expected to import 34% less cotton, and Chinese domestic use of the fiber should be flat, according to the Agriculture Department. This stagnant consumption will likely weigh on futures prices through the en

The production of cotton in Sindh scaled up notably by 725,468 million bales (a bale: 155 kilograms), or 27 percent, to 3.4 million bales in the current fiscal year 2013 from 2.68 million bales produced in the previous fiscal 2012 due to increasing use of Bacillus thuringiensis (Bt) seeds, a grower said on Friday. “The use of Bt cotton seeds helped the province to produce higher quantity of cotton this year,” said Ramzan Chandio, a cotton grower in Mirpur Khas. An official at the Sindh agric

In a bid to help sheep farmers get a market for their wool and woollen products, Minister for Textiles Baburao Chinchanasur on Saturday said wool mills will be set up near the proposed Textiles Park at Yadgir. Speaking to presspersons, the Minister said the State had a sheep population of one crore, but farmers, who extract wool were discarding it as there was no demand for handmade blankets. The mills would be set up on a 100-acre plot with an investment of Rs. 200 crore adjacent to the prop

The profit of textile companies have grown to Rs 8.9 billion in third quarter of fiscal year 2012-13, depicting growth of 7 per cent quarterly and 180 per cent annually. Cumulatively, textile profits have reached Rs 23 billion in 9MFY13 versus Rs 4.5 billion in the same period last year. According to industry, the upward trajectory of profits is also because of cheaper financing and continuous Pak rupee depreciation in addition to firm cotton prices and strong regional demand. With the continu

Exports of cotton yarn from the country are estimated to rise 7.7 percent to 1,150 million kg in the current fiscal, driven by higher output and rising demand from traditional markets. The Cotton Yarn Advisory Board ( CYAB) has projected a 14.2 per cent increase in cotton yarn production to 4,000 million kg in 2013-14, a source told a news agency. Cotton production was estimated to be around 340 lakh bales, according to the estimates of the Cotton Advisory Board (CAB) for the 2012-13 cotton s

Punjab completed 72 percent cotton sowing over the target acreage of 6 million for 2013-14 Kharif season, Director General Punjab Agriculture Extension Services Dr Anjum Ali told Business Recorder here on Sunday. "The modest cotton sowing target would be achieved during next 10-15 days to produce 10 million bales of cotton in order to meet the domestic needs of the commodity as well as export purpose," he added. Punjab had failed to achieve cotton production target of 11.5 million bales by 2 mil

China’s Yiwu International Exhibition on Hosiery, Knitting, Dyeing And Finishing Machinery (Yiwu Knitting) will now run concurrently with Zhejiang Government’s Yiwu International Manufacturing Equipment Expo starting this year, as China’s knitting sector continues to grow in importance. The event will take place from 19-22 November this year at Yiwu International Expo Centre, together with the third Yiwu International Exhibition on Automatic Garment Machinery and Sewing Equipment (Yiwu Sewing

Cotton Australia has called on the Queensland Government to use next week's State Budget to provide relief to irrigators from another massive increase in electricity pricing. The call followed the Queensland Competition Authority's (QCA) determination for an electricity price increase of 20% for most irrigators. Cotton Australia’s Queensland Policy Manager, Michael Murray, says the hike was even more than the significant increase flagged by the QCA earlier this year, when it released its dra

Top 10 Categories in Rising Top 10 Categories in Falling 1.apparel lining 1.06% 1.polyester/nylon fabric -1.03% 2.T/C fabric 0.89% 2.blended -0.70% 3.household textiles 0.80% 3.blended fibre grey cloth -0.64% 4.fashion fabric 0.70% 4.cotton fabric -0.57% 5.curtain 0.46% 5.polyester/wool fabric -0.49% 6.thread/rope 0.38% 6.polyester fabric -0.37% 7.nylon fabric 0.32% 7.viscose fabric -0.33%