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  • A host of textile companies including GTN, Prime, Premier and Super Spinning are faced with the prospect of losing crucial contracts worth about Rs 300 crore entered with Egypt? public sector shippers for import of extra long staple cotton. With global cotton prices increasing up to 25-30% in recent weeks, the Egyptian shippers have asked for increase in contract prices. Failing which, they have threatened cancellation of contracts for export of cotton to Indian buyers. Indian companies appreh
  • Prices for polyester staple fibers again rose today in China, a clear confirmation that polyester prices could further increase in the short term, in line with higher raw material costs. The current drop in crude oil prices could put an end to any rally in petrochemical prices, however. Polyester filament prices remained today unchanged in China while prices of polyester staple fibers further rose 30 yuan per ton, as a clear sign that demand is stronger. PSF prices were up 60 yuan from last Tu
  • Man-made fibre production of Brazil has been witnessing a significant slump since December 2004 as cotton started making inroads in to domestic markets capturing its market share.This collapse accelerated in the second half of 2005 as downstream demand waned due to low apparel output.This slump reached a point when man-made fiber yarn and fabric went sank by 25.1 percent, the lowest level recorded in last five years, in August, 2005.According to the IBGE Index of Man-Made Fiber, Spinning and Wea
  • Chinese Finance Minister Jin Renqing said Thursday China will cancel export tariffs it imposed on outbound textile products as of next year, while maintaining its flexible import tariff on cotton that falls outside the importquota. Jin, also chairman of the Customs Tariff Commission of the State Council, said the export tariff on textile products China imposed in early 2005 was intended to safeguard the normal order of the world's textile trade. As China reached agreements with both the Euro
  • The textile ministry is on an aggressive drive to promote marketing and branding of handloom and handicraft products. With the quality certification mark for handloom products, the Handloom Mark, in its final stage of preparation, the ministry is hopeful that it would launch the mark soon. According to sources in the ministry, the textiles committee has already presented the concept paper of the Handloom Mark to the textile minister and the logo has been finalised. The textiles committee will
  • KARACHI: Federal Minister for Textile Industries, Mushtaq Ali Cheema has said that government had abolished the sales tax from textile industry, said a press statement. Addressing in the meeting held with the Chairman APTMA and textile manufacturers, he said government was actively considering the solution of problems of textile industry as sales tax had been abolished from the textile industry which was the main demand of this sector and out of court cases had been settled. The minister sai
  • Asian countries outside China this year lost shares on EU's apparel import market, according to first estimates by French Fashion Institute, IFM. Although shipments from China in restricted categories would decline in 2006, imports in other categories would continue surging, negatively affecting exports from competing nations, except India. The surge in EU's clothing imports from China negatively affected shipments from other countries in Asia and Africa, said the French Fashion Institute durin
  • Approaching Christmas eve, the rise in demand for goods pushes prices, as well, reveals a survey. Lagos, the Nigerian capital currently experiences this, as dramatic rise in textiles prices in particular have been registered.A five-yard of lace material that used to cost N6000 earlier, is priced today at N6500, while a guinea material of the same yard that cost N2500 last month, is now available for N2750. A short sleeve shirt, sold between N900 and N1000 sometime back, costs between N1200 and N
  • Any attempt that singles out cotton over farm trade negotiations during the meet at Hong Kong would be opposed by US cotton industry, said Gary Adams, Vice President for Economics and Policy Analysis of US National Cotton Council. The US would propose additional initiatives for cotton market entry at the WTO? ministerial meet in Hong Kong, said Rob Portman, US Trade Representative.Rallying behind the US cotton industry, 30 US Congressmen backed Gary Adams' statement to oppose efforts to single o
  • Indicating a double-digit fall since last six month in a row, total man-made fibre production in Taiwan plunged 10.4 percent in October. The production reached down to 260210 tons.From January to October, total man-made fibre production weakened 15.1 percent and went down to 2428551 tons.This weakness in production in 2005 reveals a remarkable reduction from the increase of 1.4 percent in 2004.During the same time span, Polyester filament fiber also went down 20.3 percent to 671919 tons. Fabric
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