Yarn prices up by 10%

News Tags: 40-count of cotton yarn, bales of cotton, China, cotton yarn, raising tariffs on import from the US, Shankar-6 variety of cotton, spinning sector, yarn maker, yarn prices

Mumbai
Summary: 
After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

https://www.business-standard.com/article/markets/cotton-blooms-as-us-triggered-trade-war-intensifies-yarn-prices-up-10-118061900535_1.html
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Cotam Enterprises to build new textile complex in Turkmenistan

News Tags: Construction work will kick off from next month, cotton yarn, dyed fabric, equipped with modern textile manufacturing technologies, high-quality fabric for sewing garments, inked agreement, Ministry of Textile Industry of Turkmenistan, ready made garments, set up new textile complex, textile and garment, Turkish company Cotam Enterprises Ltd

Ashgabat
Cotam Enterprises to build new textile complex in Turkmenistan
Summary: 
Turkish company Cotam Enterprises Ltd. inked an agreement with the Ministry of Textile Industry of Turkmenistan to set up of a new textile complex in the country. Construction work of the complex will kick off from the next month.

Turkish company Cotam Enterprises Ltd. inked an agreement with the Ministry of Textile Industry of Turkmenistan to set up of a new textile complex in the country. Construction work of the complex will kick off from the next month.

The upcoming textile complex is expected to be operational by March 2021. It will be set up in Turkmenistan’s Akhal Velayat (region) and will be equipped with modern textile manufacturing technologies.

https://www.azernews.az/region/127569.html
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Slow and restricted trading seen at cotton market

News Tags: barring a few small and needy spinners, cotton market on Tuesday, cotton yarn, dull trading, KCA, KCE, Poor demand for lint. leading spinners, spot rate, trading activity slow and restricted, trading ring gave a deserted look

Karachi
Slow and restricted trading seen at cotton market
Summary: 
Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Due to poor demand for lint from leading spinners. Barring a few small and needy spinners, the trading ring gave a deserted look which keep trading activity slow and restricted at the cotton market on Tuesday.

Sluggish off-take of yarn locally and falling world cotton prices continued to depress lint rates. Leading spinners already having long positions were conspicuous by their absence.

At the Karachi Cotton Association (KCA) spot rates were firm at overnight level of Rs7,000 per maund.

https://www.thenews.com.pk/print/280652-cottonunchanged
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Value added segment push textile export for Pakistan

News Tags: basic textile segment, cotton yarn, Knitwear, modest 4 percent increment to reach $292m, Pakistan Bureau of Statistics, Pakistan value-added segment, readymade garment, risen 10 percent to $1.13 billion from $1.03 billion, rose 12 percent, same period of last year, textile exports in the month of December 2017, to clock in at $840m

Lahore
Value added segment push textile export for Pakistan
Summary: 
Pakistan’s value-added segment rose 12 percent to clock in at $840m, wherein textile exports in the month of December 2017 have risen 10 percent to $1.13 billion from $1.03 billion in same period of last year, while basic textile segment followed with a more modest 4 percent increment to reach $292m, according to Pakistan Bureau of Statistics (PBS).

Pakistan’s value-added segment rose 12 percent to clock in at $840m, wherein textile exports in the month of December 2017 have risen 10 percent to $1.13 billion from $1.03 billion in same period of last year, while basic textile segment followed with a more modest 4 percent increment to reach $292m, according to Pakistan Bureau of Statistics (PBS).

https://nation.com.pk/30-Jan-2018/textile-value-added-segment-exports-up-12pc
0

Reliance Industries eyeing to buy part of textile unit of Alok

News Tags: Alok fully integrated textile unit, apparel fabric, bankruptcy proceedings, cotton yarn, defaulted on loans, discussions on with company promoters, home textile, interest may be focused on the polyester yarn unit, or all of the unit of Alok, polyester yarn, RBI identified Alok Industries, resolution professional, RIL, showing interest in part

Mumbai
Reliance Industries eyeing to buy part of  textile unit of Alok
Summary: 
Reliance Industries showing interest in part or all of the unit of Alok and discussions are on with the company promoters and the resolution professional, as per people familiar with the development.

Reliance Industries showing interest in part or all of the unit of Alok and discussions are on with the company promoters and the resolution professional, as per people familiar with the development.

The interest may be focused on the polyester yarn unit as all the business is not of interest to Reliance because it would not add synergies, but one or two divisions may be value accretive to it. But there was no response from Reliance Industries to comment on this.

https://economictimes.indiatimes.com/news/company/corporate-trends/reliance-industries-may-buy-unit-of-bankruptcy-hit-alok/articleshow/61585217.cms
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Ruyi plans to open its cotton yarn unit in Arkansas

News Tags: 000 tonnes, Arkansas, Chinese textile giant, cotton yarn, f Arkansas cotton annually into yarn, headquartered in Shandong Province, in Forrest City, invest $410 million, plans to open its first North American factory, Ruyi, Shandong Ruyi Technology Group, spin more than 200

Arkansas
Ruyi  plans to open its cotton yarn unit in Arkansas
Summary: 
The Shandong Ruyi Technology Group (Ruyi), Chinese textile giant headquartered in Shandong Province, China, plans to open its first North American factory for cotton yarn in Forrest City, Arkansas.

The Shandong Ruyi Technology Group (Ruyi), Chinese textile giant headquartered in Shandong Province, China, plans to open its first North American factory for cotton yarn in Forrest City, Arkansas.

Ruyi will invest $410 million to renovate a former Sanyo manufacturing centre in the city to spin more than 200,000 tonnes of Arkansas cotton annually into yarn. The textile giant is scheduled to open in mid-2018. The new unit will create 800 jobs.

http://www.magnoliareporter.com/news_and_business/regional_news/article_686d9410-35bc-11e7-b41a-6bfd23356009.html
0

Green products to be centre stage at Yarn Expo Autumn in October

News Tags: apparel, Better Cotton Initiative, cotton yarn, e-commerce, fabrics, Fair, Fancy Yarn Zone, fashion, fiber, green products, Modal, Textile Association, viscose, wool, Yarn Expo

Mumbai
Summary: 
Green products continue to be sought after more and more by consumers nowadays, and textiles are no exception. In order to promote sustainable development throughout the industry, a number of yarn and fibre manufacturers have endeavoured to introduce green products into the early stages of textile production, and Yarn Expo, as the leading yarn and fibre business platform in Asia, serves as an ideal stage for these suppliers to gain exposure to buyers looking for such products.

Green products continue to be sought after more and more by consumers nowadays, and textiles are no exception. In order to promote sustainable development throughout the industry, a number of yarn and fibre manufacturers have endeavoured to introduce green products into the early stages of textile production, and Yarn Expo, as the leading yarn and fibre business platform in Asia, serves as an ideal stage for these suppliers to gain exposure to buyers looking for such products.

0

Pak-Turkey to sign FTA on 14 August

News Tags: cotton yarn, denim PET, enhancing bilateral trade, fabric and garments, Free trade agreement, FTA, major exports to Turkey, manmade textiles, Pakistan and Turke, Pakistan major imports from Turkey, reach the final agreement, seventh round of negotiations milestone, to be signed in mid August, towels

Islamabad
Summary: 
Pakistan and Turkey’s Free Trade Agreement (FTA) will be signed on August 14, for enhancing the bilateral trade between two countries. The seventh round of negotiations between the two countries on Free Trade Agreement (FTA) was milestone to reach the final agreement.

Pakistan and Turkey’s Free Trade Agreement (FTA) will be signed on August 14, for enhancing the bilateral trade between two countries. The seventh round of negotiations between the two countries on Free Trade Agreement (FTA) was milestone to reach the final agreement.

Secretary Ministry of Commerce Younas Dhaga led Pakistan’s delegation in negotiation on FTA between Pakistan and Turkey. Pakistan and Turkey discussed the specific sectors including textile sector during the negotiation, a senior official of Ministry of Commerce said.

https://pakobserver.net/7th-round-pak-turkey-fta-talks-milestone-final-agreement/
0

Negotiation on FTA between Pak and Turkey Free to be held in June

News Tags: carpets, cotton yarn, denim PET, discuss specific sectors including textile, ethanol, exchange provisional lists, fabric, Garments, improve trade balance, include manmade textiles, major exports to Turkey, Pakistan and Turkey FTA, Pakistan major imports from Turkey, Seventh round of negotiations, towels

Islamabad
Negotiation on  FTA between Pak and Turkey Free to be held in June
Summary: 
The seventh round of negotiations on Pakistan and Turkey Free Trade Agreement (FTA) would be held from June 6-7,2017 in Turkey in order to finalize the agreement. They will also discuss specific sectors including textile during the negotiations.

The seventh round of negotiations on Pakistan and Turkey Free Trade Agreement (FTA) would be held from June 6-7,2017 in Turkey in order to finalize the agreement. They will also discuss specific sectors including textile during the negotiations.

A senior official of Ministry of Commerce said that Pakistan and Turkey’s Free Trade Agreement (FTA) will be signed on August 14, of this year for enhancing the bilateral trade between two countries,

http://dunyanews.tv/en/Business/389970-Negotiations-on-PakTurkey-Free-Trade-Agreement-to
0

Slow trading activity witnessed at cotton market

News Tags: amid dwindling cotton stocks, competitive prices, cotton market on Monday. Ginners holding not more than five lakh bales, cotton yarn, higher prices, KCA, next cotton season is more than four months away, quality cotton, Slow trading witnessed, small and medium units, spinner accumulated seasonal cotton needs, spot rate remain unchanged

Karachi
Slow trading witnessed at cotton market
Summary: 
Slow trading witnessed amid dwindling cotton stocks and higher prices at the cotton market on Monday. Currently, Ginners are holding not more than 500,000 bales. Moreover, the next cotton season is more than four months away.

Slow trading witnessed amid dwindling cotton stocks and higher prices at the cotton market on Monday. Currently, Ginners are holding not more than 500,000 bales. Moreover, the next cotton season is more than four months away.

Many leading spinners have already accumulated their seasonal need of cotton while small and medium sized units are looking for quality cotton at competitive prices.

At the Karachi Cotton Association, its spot rates remained unchanged.

https://www.dawn.com/news/1320284
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