The Cotton Corporation of India (CCI) started offloading the cotton stocks with it in the domestic market on Friday. It offered 25,000 bales for sale through e-auction and received bid for 1,000 bales. The CCI procured nearly 21 lakh bales of cotton at minimum support price, mainly from the southern States, in the beginning of the current cotton season. It plans to offload 2.5 lakh bales in the domestic market initially and is also selling cotton to the Government-owned textile companies at a

Garment and textile exports continued to maintain steady growth in April with export value reaching US$1.31 billion, with this year’s exports touching $5.1 billion, an increase of 20 percent compared to the same period last year. Although this is not peak season for the garment and textile industry, average monthly turnover still exceeded $1.3 billion, currently accounting for 15 percent of the country’s total exports. According to Ho Chi Minh City-based garment and textile companies, many imp

India and China have signed a memorandum of understanding for promotion of exports of Indian handicrafts. A high-level delegation led by Zohra Chatterji, Secretary, Textiles, visited China for increasing handicraft trade and brand image promotion of Indian handicrafts and textiles in the Chinese market. An MoU was signed between the Export Promotion Council for Handicrafts and the China Council for the Promotion of International Trade (CCPIT) to explore the possibilities of enhancing handicra

The country had almost missed early cotton sowing target in the current season, which might hamper the commodity production in the upcoming year, informed sources revealed. Sources in the Ministry of Textile Industry told Business Recorder that due to low prices of cotton, increased wheat support price and the ongoing unexpected spell of rain, early cotton sowing remained below the target. Cotton production for the upcoming season is estimated at 14.1 million bales from eight million acres whi

French company CIFAL is interested in cooperation with Turkmenistan in the field of agriculture, particularly cotton growing, Neutral Turkmenistan newspaper reported on Saturday. According to the newspaper, this issue was raised during a meeting of the President of Turkmenistan Gurbanguly Berdymuhamedov and CEO of CIFAL, Gilles Remy, held in Ashgabat. "The French company has identified the agricultural are and particularly the cotton industry as one of the vectors of mutually beneficial pa

German Freudenberg Nonwovens expands its production capacity of Evolon? microfilament at its site in Colmar, Alsace (F) The new additional line will raise capacity in Colmar to 3000 t annually and will be completed end of October 2013. The investment amounts to EUR 5 million and is a response to increasing demand. The Evolon? microfilaments are manufactured through a revolutionary process. It is a patented technology, combining the spinning for endless filaments with splitting by hydroentanglem

NY futures gave up additional ground this week, as July fell 225 points to close at 83.23 cents, while December dropped 180 points to close at 83.28 cents. Spec liquidation and a lack of trade buying continued to depress values this week, with July settling right at an important 5-month uptrend line today. According to the latest CFTC report, which contains futures and options positions, speculators large and small liquidated about 3.6 million bales in the four weeks between March 19 and Ap

Seriously, what is up with this weather? Thank goodness for leather motorcycle jackets—the very versatile and rocker-chic layering staple for this extended cold-weather spell. And since summer's not coming any time soon (we know), those moto jackets are on tap for some extended mileage. For extra inspiration, let's look to style crushes January Jones and Olivia Wilde for two very different ways to wear the look. Dress it up: January went for the evening-out look by making the top da

Portland-based Columbia Sportswear reported 5 percent rise in its net sales for the first quarter of 2013. In its revised outlook for 2013, the company expects net sales to decline slightly. Net sales for the second quarter of 2013 are also expected to decline approximately 4 to 6 percent. The first-quarter net sales stood at 348.3 million dollars, compared with net sales of 333.1 million dollars for the same period of 2012. Changes in foreign currency exchange rates negatively affected first q

The authorities of the readymade garments in Ashulia, Savar closed their factories amid protest of the workers on Thursday. The agitated workers staged demonstrations as Dhaka Export Processing Zone (DEPZ) was still on production. Earlier in the day, thousands of workers came to the street from Ashulia to Bailpail demanding vacation to mourn the deaths of building collapse and arrest of the building owner Rana. They locked into chase and counter chase with law enforcers and police opened blan