Wool market taking a sudden wilt

News Tags: wool market

Australia
Wool market taking a sudden wilt
Summary: 
The wool market has taken a sudden slump. The main setback has been China being reluctant to buy due to cuts in Government spending with volatile consumer confidence. Up to 80 per cent of Australia's wool goes to China, with 50 per cent of that going into local garments.

The wool market has taken a sudden slump. The main setback has been China being reluctant to buy due to cuts in Government spending with volatile consumer confidence. Up to 80 per cent of Australia's wool goes to China, with 50 per cent of that going into local garments.

Lachie Brown, wool sales manager Elders in Victoria, China is likely to return to the market in the next month, with the Chinese New Year being partly to blame for lack of demand.

At the opening of this year’s auction season it was seen that too many wool growers tried to take advantage of a surge in the market.

http://www.abc.net.au/news/2014-02-18/wool-on-a-downer/5266680
Wool Yarn 100%
Company News
0

Floreal knitwear pushes Ciel Textiles profits up 28%

News Tags: CIEL Textile, Floreal Knitwear, knitwear manufacturer

Mauritius
Floreal knitwear pushes Ciel Textiles profits up 28%
Summary: 
Floreal Knitwear Ltd is a subsidiary company of CIEL Textile, Mauritian clothing maker. Floreal is the leading knitwear manufacturer in the African Sub-Saharan Region and is the second largest woolmark knitwear supplier in the world after an improved performance from its knitwear business (Floreal Knitwear) has reported a 28% rise in first-half pre-tax profits.

Floreal Knitwear Ltd is a subsidiary company of CIEL Textile, Mauritian clothing maker. Floreal is the leading knitwear manufacturer in the African Sub-Saharan Region and is the second largest woolmark knitwear supplier in the world after an improved performance from its knitwear business (Floreal Knitwear) has reported a 28% rise in first-half pre-tax profits.

http://www.knittingindustry.com/knitwear-drives-ciel-textiles-28-profits-leap/
Textile Auxiliaries
Company News
0

Mudra Lifestyle decides to sell its Tarapur fabric unit

News Tags: fabric, Garment Manufacturing, Mudra lifestyle

Mumbai
Mudra Lifestyle decides to sell its Tarapur fabric unit
Summary: 
Mudra Group, operating in the textile industry since 1986 manufacturing fabrics and garments for domestic and export market, having facilities for fabrics & garments manufacturing, processing, design development and sampling etc. has decided to sell its Tarapur fabric unit.

Mudra Group, operating in the textile industry since 1986 manufacturing fabrics and garments for domestic and export market, having facilities for fabrics & garments manufacturing, processing, design development and sampling etc. has decided to sell its Tarapur fabric unit.

The decision to sell off was arrived after doing a complete review on the business operations of the company. The review showed that the company is in need of funds, it needs to improve its operating efficiency and reduce its high interest cost due to the high debt burden.

http://www.fashionunited.in/news/apparel/mudra-lifestyle-to-sell-fabric-unit-to-e-land-fashion-180220146657
Textile Auxiliaries
Company News
0

Textile industry shows satisfaction over the measures announced in the budget

News Tags: Indian textile industry, Textile budget

Coimbatore
Textile industry shows satisfaction over the measures announced in the budget
Summary: 
The interim budget is out with a mixed bag for industries in the region. The textile industry has shown some level of satisfaction with the measures announced in the budget. While, the small scale industries are disappointment.

The interim budget is out with a mixed bag for industries in the region. The textile industry has shown some level of satisfaction with the measures announced in the budget. While, the small scale industries are disappointment.

http://timesofindia.indiatimes.com/city/coimbatore/Textile-sector-cheers-interim-budget-micro-units-unhappy/articleshow/30594370.cms
Textile Auxiliaries
Company News
0

Pakistan to set cotton crop sowing targets for the next season soon

News Tags: cotton crop, Pakistan cotton industry

Islammabad
Pakistan to set cotton crop sowing targets for the next season soon
Summary: 
Pakistan to set a target for cotton crop sowing for the next crop season as it sees an increase in the area under crop cultivation as the demand of cotton is estimated to increase by 28 percent with the getting of GSP Plus status. The Federal Cotton Committee (FCC) along with National Food Security and Research, Textile Industry Division, Planing Development and Reforms will meet on February 27 to fix the crop sowing targets for the next crop season and also take stock of the crop production during last year.

Pakistan to set a target for cotton crop sowing for the next crop season as it sees an increase in the area under crop cultivation as the demand of cotton is estimated to increase by 28 percent with the getting of GSP Plus status. The Federal Cotton Committee (FCC) along with National Food Security and Research, Textile Industry Division, Planing Development and Reforms will meet on February 27 to fix the crop sowing targets for the next crop season and also take stock of the crop production during last year.

http://pakobserver.net/detailnews.asp?id=233944
Cotton Linter
Company News
0

Arvind Ltd to set its first apparel park alongwith garment manufacturing plant

News Tags: apparel park, Arvind Ltd, garment plant

Ahmedabad
Arvind Ltd to set its first apparel park alongwith garment manufacturing plant
Summary: 
With apparel industry growing in India many companies is turning toward apparel. Arvind Limited, producer of composite manufacturer of textiles head-quartered in Ahmedabad, Gujarat has also set its focus to venture into apparel market. Through its subsidiary, Arvind Garment Park Pvt Ltd plans to set up its first apparel park over an area of 300 acres in Gandhinagar along with a garment manufacturing plant within the park as its anchor unit, in a bid to strengthen its own apparel manufacturing.

With apparel industry growing in India many companies is turning toward apparel. Arvind Limited, producer of composite manufacturer of textiles head-quartered in Ahmedabad, Gujarat has also set its focus to venture into apparel market. Through its subsidiary, Arvind Garment Park Pvt Ltd plans to set up its first apparel park over an area of 300 acres in Gandhinagar along with a garment manufacturing plant within the park as its anchor unit, in a bid to strengthen its own apparel manufacturing.

http://www.business-standard.com/article/companies/arvind-ltd-forays-into-apparel-park-114021701093_1.html
Textile Auxiliaries
Commercial Trading
0

Limited export demand may lead to drop in cotton prices

News Tags: cotton prices

Rajkot
Limited export demand may lead to drop in cotton prices
Summary: 
Cotton prices remain unchanged, following moderate demand. Kapas or raw cotton traded flat as demand from ginners was limited. Gujarat Sankar-6 cotton traded at Rs. 42,800-42,900 per candy of 356 kg. Kapas ruled at Rs.1,050-1,090 for a maund of 20 kg, while gin delivery kapas traded on Rs.1,090-1,095 for a maund in Rajkot.

Cotton prices remain unchanged, following moderate demand. Kapas or raw cotton traded flat as demand from ginners was limited. Gujarat Sankar-6 cotton traded at Rs. 42,800-42,900 per candy of 356 kg. Kapas ruled at Rs.1,050-1,090 for a maund of 20 kg, while gin delivery kapas traded on Rs.1,090-1,095 for a maund in Rajkot.

A Rajkot-based cotton broker said that demand was moderate as prices ruled higher. Moreover, export demand is limited restricted buying by ginners. In the current situation, prices may dwindle over next few days.

http://www.thehindubusinessline.com/markets/commodities/cotton-prices-may-wilt-on-limited-demand/article5689857.ece
Cotton Yarn 100%
Company News
0

Erode markets witnessed buyers offering higher price for cotton

News Tags: cotton price, Erode market

Erode
Erode markets witnessed buyers offering higher price for cotton
Summary: 
The Erode markets on Friday along with rise in arrivals also witnessed improvement in the Bt cotton prices by Rs.300 a quintal. Higher price were offered by buyers for cotton. However, prices continue to rule lower than last year.

The Erode markets on Friday along with rise in arrivals also witnessed improvement in the Bt cotton prices by Rs.300 a quintal. Higher price were offered by buyers for cotton. However, prices continue to rule lower than last year.

Bt Cotton is cultivated in Kolathur, Kongapuram, Sathyamangalam, Gobichettipalayam, Anthiyur and Namakkal areas. Harvest of the crop, grown in fallow lands after rice harvest, has begun. Sale of cotton in Avinashi and Attur was encouraging, according to M S Subburaman, superintendent of Anthiyur Regulated Market Committe.

http://www.thehindubusinessline.com/markets/commodities/higher-offers-for-cotton-in-erode-markets/article5689812.ece
Cotton Linter
Company News
0

Pakistan government plan to set up industrial parks to boost exports

News Tags: Industrial park, textile export

ISLAMABAD
Pakistan government plan to set up industrial parks to boost exports
Summary: 
Pakistan government is working out all measures to take complete advantage of the GSP plus status given to them by European countries. One of measures taken is setting up industrial parks. The Pakistan government to promote country’s exports has planned to set up two Industrial Parks in Karachi and Lahore for textile and engineering equipments. Korangi Creek Industrial Park is being set up in Karachi while Rachna Industrial Park will be established at Sheikhupura Road, Lahore by National Industrial Parks Development and Management Company (NIPDMC).

Pakistan government is working out all measures to take complete advantage of the GSP plus status given to them by European countries. One of measures taken is setting up industrial parks. The Pakistan government to promote country’s exports has planned to set up two Industrial Parks in Karachi and Lahore for textile and engineering equipments. Korangi Creek Industrial Park is being set up in Karachi while Rachna Industrial Park will be established at Sheikhupura Road, Lahore by National Industrial Parks Development and Management Company (NIPDMC).

http://www.nation.com.pk/business/17-Feb-2014/industrial-parks-being-set-up-to-promote-exports
Textile Auxiliaries
Company News
0

USDA projects downward trend for next 2 years in cotton imports by China

News Tags: cotton import, cotton industry

NewYork
USDA projects downward trend for next 2 years in cotton imports by China
Summary: 
The US Department of Agriculture in its long-term projection has stated that the cotton imports by China, the top grower and consumer of the fibre, will plunge for further two seasons, in 2014-15, it will plunge from 22% to 8.6m tonnes, and again the following season to 7.5m tonnes due to its huge inventories, but purchases will stage a recovery, leading "rapid" growth in world trade.

The US Department of Agriculture in its long-term projection has stated that the cotton imports by China, the top grower and consumer of the fibre, will plunge for further two seasons, in 2014-15, it will plunge from 22% to 8.6m tonnes, and again the following season to 7.5m tonnes due to its huge inventories, but purchases will stage a recovery, leading "rapid" growth in world trade.

The decline, driven by a change in Chinese farm support is likely to end the country's record of stockpiling cotton at prices well above international market rates, will pull world trade lower next season.

http://www.agrimoney.com/news/chinas-cotton-imports-to-fall-for-two-more-years--6759.html
Cotton Yarn 100%
Company News
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Myntra opens a fashion store \'Roadster Go\' which is loaded with some of the advanced technologies in fashion retail at the Mantri Mall  
  19 Jun , 2018 Read full story  
VSF\'s global demand has been growing at a CAGR of 6% compared with cotton\'s 1% and polyester staple fibre\'s 2%, making Grasim invest in the VSF business  
  19 Jun , 2018 Read full story  
Experience live printing on ColorJet\'s widest width digital textile printer at Heimtextil  
  19 Jun , 2018 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button