Viscose yarn price weakens in China

In China, offers for ring‐spun 30s weaving yarn in Xiaoshan fell US cents 2 a kg in the second week of May, while compact siro‐spun 40s yarn in Jiangsu declined US cents 3 a kg on the week.

Spun viscose yarn markets were stable‐to‐weak that week as VSF prices retreated slightly in China and Pakistan that week. In China, discussions for ring‐spun 30s yarn were range bound while prices for Fujian‐origin siro‐spun 40s yarn were seen sobering. On the other hand, the numbers for rabbit‐hair‐like yarn 28s were stable.

News Tags: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Blended yarn price rolls over in China, India

In China, PC (65/35) 32s yarn prices rolled over in the second week of May in Zhejiang, while 45s PC combed yarn prices rolled over on the week. Although fibre prices weakened blended yarn prices remained unchanged as imported yarns were still costly for processors and fabric makers.

In India, blended yarn prices remained unchanged although exporters were cutting their offers in push volumes as domestic market was still weak. Cost support was also firm as PFS and VSF prices remained unchanged while cotton prices inched up.

News Tags: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Raymond to promote sale and marketing of Khadi products from August

News Tags: Khadi and Khadi products for a period of five years, Khadi by Raymond, l promote fabric globally, launched its branded Khadi label, primary purchases of muslin cotton, Raymond, Raymond guaranteed a minimum procurement, textile and apparel major, under partnership with KVIC, wool blends and silk

New Delhi
Raymond to promote sale and marketing of Khadi products from August
Summary: 
Raymond, textile and apparel major under a partnership with KVIC has launched its branded Khadi label -- Khadi by Raymond and will promote the fabric globally.

Raymond, textile and apparel major under a partnership with KVIC has launched its branded Khadi label -- Khadi by Raymond and will promote the fabric globally.

Under the partnership, Raymond has guaranteed a minimum procurement of Khadi and Khadi products for a period of five years with primary purchases of muslin cotton, wool blends and silk.

http://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/raymond-partners-kvic-to-sell-khadi-products-from-august/articleshow/58787146.cms
0

Egyptian export include readymade clothes within QIZ agreement

News Tags: affiliated to the Ministry of Trade and Industry, agreement stipulates, Ashraf El Rabie, Egyptian exports, exported to the US without customs, head of the QIZ unit, ninety eight percent, QIZ agreement, sector of ready made clothes, specific Egyptian products and goods, within the Qualifying Industrial Zone

Cairo
Egyptian export include readymade clothes within QIZ agreement
Summary: 
Egyptian exports within the Qualifying Industrial Zone (QIZ) agreement reached $191m during the first quarter (Q1) of 2017 of which 98% were in the sector of ready made clothes, said Ashraf El Rabie, head of the QIZ unit affiliated to the Ministry of Trade and Industry.

Egyptian exports within the Qualifying Industrial Zone (QIZ) agreement reached $191m during the first quarter (Q1) of 2017 of which 98% were in the sector of ready made clothes, said Ashraf El Rabie, head of the QIZ unit affiliated to the Ministry of Trade and Industry.

http://www.dailynewsegypt.com/2017/05/21/191m-export-egypt-within-qiz-agreement-q1-2017/
0

Need to form SHGs to give momentum to sericulture activities in JK

News Tags: district levels, Ghulam Nabi Lone Hanjura, give momentum to sericulture activities, help in promoting Sericulture sector in the state, Minister for Agriculture, need for forming Self Help Groups, review the functioning of Sericulture Development Department, SHG

Srinagar
Need to form SHGs to give momentum to sericulture activities in JK
Summary: 
The Minister for Agriculture, Ghulam Nabi Lone Hanjura addressing a State Level meeting convened to review the functioning of Sericulture Development Department here today said that there is a need for forming Self Help Groups (SHG) at district levels for giving momentum to sericulture activities. This will help in promoting Sericulture sector in the state.

The Minister for Agriculture, Ghulam Nabi Lone Hanjura addressing a State Level meeting convened to review the functioning of Sericulture Development Department here today said that there is a need for forming Self Help Groups (SHG) at district levels for giving momentum to sericulture activities. This will help in promoting Sericulture sector in the state.

Highlighting the importance of Sericulture sector, the Minister called for taking appropriate steps for expanding the sericulture activities in the remote areas of the state.

https://kashmirobserver.net/2017/business/shgs-promote-sericulture-activities-jk-18151
0

ExxonMobil, SABIC sign pact for Gulf Coast venture petrochemical project

News Tags: conduct a detailed study of the proposed, during Saudi-US CEO Forum in Riyad, Exxon Mobil Corporation, Gulf Coast Growth Ventures project in Texas, lanning for front end engineering and design work., SABIC, signed an agreement

Riyadh
ExxonMobil, SABIC sign pact for Gulf Coast venture petrochemical project
Summary: 
Affiliates of Exxon Mobil Corporation and SABIC signed an agreement during the Saudi-US CEO Forum in Riyadh in the presence of Yousef Al-Benyan, vice chairman and CEO, SABIC, and Philippe Ducom, president, chairman and CEO, ExxonMobil Saudi Arabia Inc. to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work.

Affiliates of Exxon Mobil Corporation and SABIC signed an agreement during the Saudi-US CEO Forum in Riyadh in the presence of Yousef Al-Benyan, vice chairman and CEO, SABIC, and Philippe Ducom, president, chairman and CEO, ExxonMobil Saudi Arabia Inc. to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work.

http://www.arabianoilandgas.com/article-17344-exxonmobil-sabic-sign-pact-for-proposed-us-gulf-coast-petrochemical-project/
0

Govt to dilute jute packaging to from 90pc to 50pc in 7 years

News Tags: bear brunt with Centre planning, Bengal key player in jute sector, dependent on the sector, dilute the mandatory jute packaging order, from ninety percent to fifty percent for foodgrain packaging, Indan Jute Mills Association, Jute Industry, nearly a million people, produces around two hundred crore bags, Standing Advisory Committee on Jute

Kolkata
Govt to dilute jute packaging to from 90pc to 50pc in 7 years
Summary: 
Bengal being the key player in the jute sector, will bear the brunt with the Centre planning to dilute the mandatory jute packaging order from 90 percent to 50 percent for foodgrain packaging where nearly a million people are dependent on the sector.

Bengal being the key player in the jute sector, will bear the brunt with the Centre planning to dilute the mandatory jute packaging order from 90 percent to 50 percent for foodgrain packaging where nearly a million people are dependent on the sector.

Starting this year the contingency plan is to reduce the use of jute bags by 5 percent each year and finally bring it down to 50 percent from 90 percent within the next seven years.

http://timesofindia.indiatimes.com/business/india-business/govt-plans-to-dilute-jute-packaging-to-50-per-cent-in-7-years/articleshow/58784919.cms
0

Iran cotton industry heavily dependent on imports

News Tags: biggest exporter, cotton cultivators, cotton farming, cotton industry, heavily dependent on imports, high costs of machinery and equipment, Iran, Iranian textile industry, low price cotton imports, meet domestic cotton demand, not affordable, size of farms for cotton cultivation, strategic and all purpose product, Uzbekistan

Tehran
Iran cotton industry heavily dependent on imports
Summary: 
Iran is heavily dependent on imports to meet the domestic cotton demand, which is a strategic and all purpose product in Iranian textile industry. Iran imported over 56,517 tons of cotton worth $103 million during the 11 months to Feb 19. Uzbekistan was the biggest exporter.

Iran is heavily dependent on imports to meet the domestic cotton demand, which is a strategic and all purpose product in Iranian textile industry. Iran imported over 56,517 tons of cotton worth $103 million during the 11 months to Feb 19. Uzbekistan was the biggest exporter.

https://financialtribune.com/articles/economy-business-and-markets/64860/iran-cotton-industry-risks-losing-viabilityirn
0

Tirupur exporters assess investment opportunities in Odisha textile park

News Tags: assess investment opportunities, Central and state governments, Delegation from knitwear hub of Tirupur, led by Tirupur Exporters Association, provides sixty percent subsidy on building and common facilities, setting up garment manufacturing units, TEA, under SITP), visited Odisha

Coimbatore
Tirupur exporters assess investment opportunities in Odisha textile park
Summary: 
A delegation from the knitwear hub of Tirupur led by Tirupur Exporters Association (TEA) visited Odisha to assess investment opportunities in setting up garment manufacturing units in the state. As the Central and state governments provides 60 percent subsidy on building and common facilities under the Scheme for Integrated Textile Parks (SITP), 25 percent subsidy for new machinery, Rs 1 crore interest free working capital loan. Also the state government has stipulated a minimum wage Rs 220 for an eight-hour shift and has schemes to provide employment to new workers as well.

A delegation from the knitwear hub of Tirupur led by Tirupur Exporters Association (TEA) visited Odisha to assess investment opportunities in setting up garment manufacturing units in the state. As the Central and state governments provides 60 percent subsidy on building and common facilities under the Scheme for Integrated Textile Parks (SITP), 25 percent subsidy for new machinery, Rs 1 crore interest free working capital loan. Also the state government has stipulated a minimum wage Rs 220 for an eight-hour shift and has schemes to provide employment to new workers as well.

http://www.business-standard.com/article/economy-policy/tirupur-exporters-eye-expansion-in-odisha-seek-to-invest-in-textile-park-117052100191_1.html
0

Japanese market undeterred despite high price of Australian wool

News Tags: appetite for high quality fine micron wool, Australian wool prices, doubled in Japan, new market coming up, not deterred Japanese market from buying, over the past year, quality required of highest standard, socks and innerwear, sports apparel

Osaka
Japanese market undeterred despite high price of Australian wool
Summary: 
Australian wool prices have doubled in Japan over the past year but it has not deterred the Japanese market from buying. As the quality they require is always of the highest standard, a Japanese wool broker said.

Australian wool prices have doubled in Japan over the past year but it has not deterred the Japanese market from buying. As the quality they require is always of the highest standard, a Japanese wool broker said.

Mike Kuritani from Itochu, one of Japan's largest trading companies, said that demand will remain due to an appetite for high quality fine micron wool from Australia despite the high prices.

He said that in fact a new market is coming up from sports apparel, for socks and innerwear. Hence the overall the demand on wool will not decrease for the next couple of years.

http://www.abc.net.au/news/rural/2017-05-18/high-wool-prices-not-deterring-japanese-market/8536772
0
 
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Raymond to promote sale and marketing of Khadi products from August  
  22 May , 2017 Read full story  
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