In April, textile cotton purchase was still dominated by reserve cotton release and import cotton, while the spot cotton market was unwelcomed. National commercial cotton carryover stocks changed little over the month, which was much lower than the corresponding time of previous years. The statistics showed that, reserve cotton took most wagons of Xinjiang cotton railway transport, and commercial cotton chose road transportation with 394 vehicles for the month. According to survey to 131 wareho

The latest statistics published by ITMF International Textile Manufacturers Association reveals that, after increasing demand in 2010 and 2011, shipments of textile machinery was in most segments decreasing, but remained at a relatively high level. The sectors with lesser demand, and against 2011, were short spindles (-27 %) and OE open end rotors (-21 %). On the other hand long staple spindles increased by 29 %. Down were also draw texturing spindles (-13 %), shuttle less weaving looms (-44 %)

Speaking at a press conference on May 20, Sheng Danyang, spokesman for the Ministry of Commerce, indicated that the recent accelerated appreciation of the renminbi has had a negative impact on the export competitiveness of Chinese textile and apparel firms. In February, the central government widened the range in which the renminbi can fluctuate on currency markets. As of today, the US dollar/renminbi exchange rate had climbed to 6.1911, a level not seen since 1994. According to Mr Sheng, vo

Workers complete military uniform orders at the Sritext textile factory in Sukoharjo, Central Java in this file photo. (GA Photo/ M Defrizal) Indonesian textile manufacturer Sri Rejeki Isman (Sritex) plans to raise up to 2.2 trillion rupiah ($226 million) in an initial public offering by June. Sritex set a price range of 230 to 385 rupiah a share for 5.6 billion shares, equivalent to about 30 percent of the company’s equity, underwriters Bahana Securities said in statement. The funds ra

Thailand’s textile and apparel exports for January to March period have increased marginally by 1.1 percent from US$ 1.82 billion in 2012 to US$ 1.84 billion in 2013, according to a report by the Thai Garment Manufacturers Association (TGMA) and the Thailand Textile Institute (THTI). Segment-wise, textile exports from the Southeast Asian country for the first quarter increased by 6.37 percent from US$ 1.07 billion in 2012 to US$ 1.13 billion in 2013, the report stated. However, the

The textile and garment sector’s profit could decrease due to increases in fuel, transport and labor costs Vietnam Textile and Apparel Association (VITAS) General Secretary Dang Phuong Dung said at a recent Ministry of Industry and Trade meeting that the textile and garment sector ranked second in terms of export value in the first four months of this year. The sector exported goods worth US$1.3 billion in April, taking the total in the first four months of 2013 to US$5.1 billion (an inc

China's cotton reserves were estimated to stand at 5,820 bales this year, accounting for 63 percent of the world's total, the United States Department of Agriculture said in a report. A bale is a standard unit of measurement for cotton and is equivalent to approximately 226 kg. The government admitted to having “a high level of reserves” but did not divulge the exact figure. The USDA also estimated that global cotton consumption will grow by 2 percent this year, the third consecutive ye

Bangladeshi garment workers | AFP PHOTO/Munir uz ZAMAN/FILES Swedish fashion company H&M is contemplating to launch production in South America and Africa, as CEO Karl-Johan Persson told the Financial Times in an interview published today. His interview come less than a month after the collapse of the building in Bangladesh that brought to light the poor working conditions of the garment industry. As Mr Persson stated: "When that part of the world is growing, which it is, it become

In the first quarter, China exported an aggregate of US$ 35.3148 billion of clothes and accessories, up 19.4 percent compared with the same period of last year; in March, international cotton price skyrocketed, with the difference between international price and domestic price once narrowing down to RMB 2,305 Yuan/ton. Even with weak foreign demands, growth of export has exceeded market expectation. Recently, the difference between international cotton price and domestic cotton price has shrunk,

Cotton prices remained unchanged on the back of domestic buying support. According to traders, exporters were out of the market and only south Indian mills were active in the market. Gujarat Sankar-6 cotton was traded at Rs 37,200-37,500 a candy of 356 kg. Mill delivery price was Rs 37,700-37,800 . V 797 cotton A grade was offered at Rs 27,000-27,300. Kapas or raw cotton marginally increased by Rs 5 to Rs 950-992 for 20 kg and Kadi delivery kapas at Rs 975-995. Low Arrivals Ab