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INDIA: Textile Industry Reeling Under Acute Crisis
The predominantly cotton-based Indian textile industry is reeling under acute crisis in the recent past due to soaring up of cotton prices. The country has achieved a record crop of 315 lakh bales dur...
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EGYPT: Egypt has taken Advantage of Low Operational Costs, High-Quality Cotton and Preferential Trade Agreements to turn its Textile and Ready-Made Garment Sector into a Booming Industry
Although Egyptian cotton was firmly enshrined as the king of all cottons, Egypt was a far cry from the first choice for companies looking for a high quality and cost-efficient textile manufacturing lo...
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INDIA: Quicker Reforms Needed in Textile Industry
The Indian textile industry is expected to achieve $55 billion of investments by 2010 and create employment for 65.4 million, provided reforms are initiated at quicker speed, according to The Associat...
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CAMEROON: Government Strategy to Jump-Start Cotton-Textile Industry
The cotton and textile industry in the Cameroon can be very rewarding if only appropriate decisions to harness the available potentials are taken. This is the crux of what the Ministry of Industry, Mi...
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CHINA: China's Textile Exports Grow Faster
China saw quicker growth in textile exports but slower rise in foreign sales of garments in the first five months of this year. Between January and May, China exported 66.16 billion U.S. dollars worth...
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EGYPT: Egyptian Cotton Prices Rising Still
The contracting prices of exporting the Egyptian long staple and extra long staple cottons to the international markets kept on rising, with the end of the 36th week of the current Exportation Season...
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INDONESIA: Illegal imports Account for 70.6% of RI Textile Market
Public consumption of illegal textile imports rose to 70.6 percent last year from 49.9 percent in 2006, costing the local industry billions of US dollars, an industry leader said Friday. According to...
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PAKISTAN: No Relief for Textile Exporters
Textile exporters are not happy with the new budget as the government, what they feel, announced nothing for this sector facing problems because of the high cost of doing business and challenges at na...
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CHINA: China's Textile Exports Grow Faster, Clothing Exports Slower in First Five Months
China saw quicker growth in textile exports but slower rise in foreign sales of garments in the first five months of this year, sources with the General Administration of Customs said on Saturday. Bet...
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TURKEY: Turkey to see Decline in Cotton Production
NY futures surged higher this week, with July gaining an impressive 499 points to close at 69.64 cents, while December advanced 394 points to close at 76.95 cents. There were plenty of reasons for the...
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PAKISTAN: Government Must Attend to Low Cotton Production and Decline in Sowing Area
Cotton sowing area has been on a persistent decline due to insufficient water supply, substandard cotton seeds, power failure, shortage of fertilizers and rice cultivation proving more lucrative. Stak...
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GLOBAL: 2008/09 Cotton Stocks to Decrease
The latest U.S. Department of Agriculture (USDA) projections for 2008/09 indicate that world cotton stocks are forecast to fall below 55 million bales for the first time in 5 seasons. Global ending st...
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BRAZIL: Cotton Consumption to Remain Strong in 2008/09
Brazil’s cotton production in 2008/09 is forecast at 6.4 million bales. This represents a 10.5 percent fall from the previous year when Brazil posted a record production of an estimated 7.15 million b...
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EGYPT: Saudi Group Buys Stake in Egypt's Oriental Weavers
Egypt-based rug and carpet maker Oriental Weavers sold 941,291 of its own shares on Wednesday to a strategic consortium led by the Saudi-based private equity group Amwal AlKhaleej, the company said.
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PAKISTAN: No Support for the Textile Industry
The government in the federal budget for 2008-09 has not allocated a single penny for the ailing textile sector to boost dwindling exports. The textile sector, the darling of every successive governme...
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TURKEY: Industrial Capacity Utilization Down
Turkey's Institute of Statistics (TURKSTAT) reported industrial capacity utilization down by 0.9 points in May 2008 compared to the same month in May 2007. Measured by Turkey's 5,000 or so industrial...
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USA: World Market Price for Upland Cotton
The US Agriculture Department set the prevailing world market price for upland cotton at 59.08 cents per pound, effective through June 12. The price is adjusted to US quality and location for Strict L...
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PAKISTAN: New Cotton Crop May Face Difficult Challenges
In 2007-08, cotton production was found 11.35 running bales as on 1st. May, 08 which in terms of 170 kgs bales, it comes to 10.68 million bales, lowest out-put in last five years. In eight months of t...
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CAMBODIA: Cambodian Garment Exports to U.S. Decline Seriously
Apparel exports to the United States, Cambodia's largest market; have been on serious decline since last October, national media quoted the Cambodian Ministry of Commerce as saying. Officials attribut...
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NEPAL: Nepal's Readymade Garments Export to US Plummets
Nepali readymade garment (RMG) exporters continued to suffer yet another month as exports to the United States, the single largest market of Nepali readymade garment exports, plummeted by 51 per cent...