New disputes over cotton contracts fell 53 percent in the first quarter, signaling a slowdown from the record number of defaults last year after prices plunged from an all-time high in 2011. Applications for technical arbitrations slid to 35 during the period, down from 75 in the same quarter of 2012, the Liverpool-based International Cotton Association said today in a response to e-mailed questions from Bloomberg. After cotton more than doubled in a year to a record $2.197 a pound in March 2

Brescia - Italian sock knitting machine builder Busi Giovanni has launched a new machine which the company says offers all the usual high-quality components the firm’s customers have come to expect but with an extremely attractive price point. Built entirely at the Italian family-owned company’s headquarters in Brescia, the Light MP is actually an optimized version of the existing Idea MP, the key difference being that the new machine does not have latch needles in the dial and therefore is n

About 12.8 million cotton bales reached ginneries by March 31 which are 12.15 per cent less as compared to 14.6 million cotton bales which arrived at ginneries during the same period. According to statistics of the Pakistan Cotton Ginners Association issued on Wednesday, there was reduction of 1,782,310 cotton bales observed in the ongoing season.As 9.4 million cotton bales reached ginneries while the number of cotton bales during last year was noted as 12 million in Punjab. In Sindh, a total

Battered by last year’s heavy rains and flood, cotton crop in Punjab has suffered a mammoth loss of over 2.5 million bales or 20.91pc over the corresponding period last year when production stood at 11.991m bales. According to figures released by the Pakistan Cotton Ginners’ Association (PCGA), arrival of phutti (seed cotton) up to April 1 from all cotton producing districts of the Punjab remained highly discouraging. This could be verified from the fact that fortnightly (March 15 to April 1

The Tirupur Exporters’ Association has sought an increase in duty drawback rate from the existing 7.9 per cent. Explaining the plight of the knitwear sector to the Duty Drawback Committee (set up by the Ministry of Finance) comprising Saumitra Chaudhuri, Member-Planning Commission and Chairman of the Drawback Committee, S.B. Mohapatra (former Textile Secretary), T.R. Rustagi, Gautam Ray and Vinod Kumar Agarwal — Members, Drawback Committee, TEA President A. Sakthivel said: “Exports had declin

A UK-based fabric manufacturer buying increasing amounts of New Zealand lambs' wool is asking farmers and others in the supply chain to clean up their product, by taking more care to remove thistles and other vegetable matter before it's shipped. Camira Fabrics is using the lamb's wool in a hard wearing upholstery fabric called Blazer made especially for office furniture. Contamination from plant material found in one particular container sent the supplier development manager, John Quarmby,

The fibre and filament producer Trevira has been participating for the first time at Techtextil North America in Anaheim, California, as well the company will be present at Textile Solutions these days at Hannover Fair (D) and at Techtextil 2013 in Frankfurt next June. The Trevira programme entails fibres (including bio-component fibres) in polyester and PLA (IngeoTM), flame retardant and other special fibres and yarns in polyester, standard and spun-dyed filaments, as well as microfilament and

The country's earnings from export of jute goods increased significantly in the first eight months of the current fiscal year (FY) 2012-13, following a rising demand for the items in some newly-explored markets across the globe, industry people said. According to the Export Promotion Bureau (EPB) data, the country earned US$ 159.89 million and $329.06 million from export of jute sacks and bags and jute yarn and twine respectively during the period under review. Earnings from jute sacks and ba

Following recent democratic elections in Burma, which have transformed the country into a democracy from an authoritarian State, UK’s Sheffield Chamber of Commerce has joined an international pact aimed at reviving the Burmese textile industry, Yorkshire Post reports. The project, the first international economic alliance with Burma after several years, is expected to help the textile and garment enterprises of Burma to go global through exports. Sheffield Chamber is the only UK agency, wh

The workplace of a Myanmar garment factory which exports to Japan (Photo - EMG) Garment exports are on track to exceed US$1 billion for the fiscal year ending this month as the industry prepares for a makeover to gain access to western markets, officials from the Myanmar Garment Manufacturers Association said. Freight-on-board textile exports reached $848 million as of the December, while CMP – cutting, manufacture and packaging – textile exports were $98 million, association members said.