-
INDIA: India's Cotton Output May Reach Record on New Seed
Cotton output in India, the world's third largest grower, may rise to a record next year as farmers increase their use of genetically altered seeds to boost yields, a government official said. Product...
-
CHINA: Textile Sector Bounces Back on Track Paved by China
Textile industry of China has been severely hit by its internal pressures such as rising cost of production and appreciation of Yuan. This has turned out to be a blessing for India whose exports have...
-
GLOBAL: International Cotton Prices Forecast Higher in 2008/09
The ICAC forecasts a season-average Cotlook, an Index of 79 cents per pound in 2008/09, 6 cents higher than the expected 2007/08 average. This projected price increase is due mainly to an expected dec...
-
PERU: Low Cost of Textile Production Pulls in Huge Investments
Textile industry of Peru has gradually come to a stage where it is receiving special preference of client countries backed by its low cost of labor, thereby displaying an edge over sectors in other co...
-
BANGLADESH: Bangladesh Textile Workers go on Rampage Clash with Police
Police clashed with thousands of garment workers in southwest Bangladesh yesterday during fresh protests over low wages and soaring food prices, police said. The clashes occurred after workers at Kalu...
-
EGYPT: Allocation of 12.5 million m2 for New Textile Investments in Egypt
The most recent report by the Egyptian Industrial Development Authority (IDA) of the Ministry of Trade and Industry, asserted that the areas of land allocated to new textile projects have reached 12.5...
-
INDIA: High Cotton Prices Hit Textile Mills
With an estimated 315 lakh bales of cotton production in 2007-08 (October-September), India will be the second largest cotton producer in the world this year too. Yet, the domestic textile sector is h...
-
PAKISTAN: Pakistan’s Cotton Output Seen at 9.375m bales
Cotton output in Pakistan during 2008/09 is forecasted to rise to 9.375 million (480 lb) bales from 8.750 million bales in the prior crop year, a US Agriculture Department attaché in Islamabad said. T...
-
EGYPT: Egypt's Arabia Cotton seeks to Buy 39.6 pct of KABO
Arabia Cotton Ginning ACGC.CA, Egypt's biggest listed textiles company, has offered to buy a 39.64 percent stake in El Nasr Clothes and Textiles (Kabo) KABO.CA, the Capital Market Authority (CMA) said...
-
TURKEY: Ecota to Take Effect In 2009
Turkish State Minister Kursad Tuzmen said that ECOTA (Economic Cooperation Organization Trade Agreement) would take effect on January 1st, 2009. Tuzmen told AA that ECOTA was the first preferential tr...
-
A Cooperation Agreement between the Young Businessmen Association and the Turkish Association of Textile
The Egyptian Young Businessmen Association (EYBA) has signed a cooperation agreement with the Turkish Association of Manufacturers of Textile Machines and Accessories (TAMTMA). The agreement was signe...
-
EGYPT: The Governmental Textile Spinning and Weaving Companies Cease Operation
The governmental textile spinning and weaving companies ceased operation since a large number of factories had to cease operations due to the absence of cotton quantities required for operation. Eng....
-
INDIA: Textile Weave New Pattern on Chinese Curbs
Textile exports are looking up as the rupee depreciates and the Chinese textile industry is hit by internal regulatory pressures. Textile export for 2007-08 have reached $20.5 billion, up 9.4% from 20...
-
SPAIN: Peru has Latin America's Lowest Textile Industry Labor Costs
Peru has the lowest labor cost of the textile industry in Latin America, being listed among the 15 lowest-cost countries in the world. Export textile sector has important strengths, such as the qualit...
-
INDIA: Cotton Production Outlook Unchanged at Record 330 lakh bales
Cotton production outlook for the next season (August 2008-July 2009) has been kept unchanged at a record 330 lakh bales (of 170 kg each). This also means for the third consecutive year, India will be...
-
TURKEY: Turkish State Minister On Export Figures Of 2008
A Turkish state minister said that Turkey’s exports in the first 4 months of 2008 exceeded the country’s total exports in 2002 and 2003. State Minister Kursad Tuzmen said Turkey’s exports reached 47 b...
-
TURKEY: Turkish Textile Industry is looking Eastward to Boost Sector in the Face of Stiff Competition from China
Turkey’s textile industry is looking to develop beyond its Istanbul heartland to shore up its global market share in the face of growing competition from China, a leading sector official told Reuters....
-
PAKISTAN: Drooping Textile Exports and Squeezing Margins are Disturbing
In the wake of declining textile exports, a well esteemed chamber urged the Pakistani Government to adopt both short term and long term methodologies for cutting back the cost of production. Textile i...
-
INDIA: Textile Industry to Achieve $55 bn of Investments by 2010
Domestic textile industry, which currently is braving various odds, could achieve US$ 55 billion of investments, create job opportunities for 65.4 million workforce and its CAGR could go up at 22% by...
-
TURKEY: Cotton Bourse Hit by Rising Imports
Turkey’s cotton bourse is going through tough times due to stagnation in demand, deriving from increasing cotton and yarn imports as well as global warming. Cotton producers are worried they will not...