The Pakistan cotton market witnessed local spinners worried over stock piling of yarn on Wednesday. According to Cotton Analyst, Naseem Usman, local spinners have shown signs of worry about the stock piling of yarn due to import of same from India. Moreover, the textile sector is currently faced with liquidity crunch owing to slow off-take of cotton yarn in the domestic market.
The government needs to take necessary measures to check flow of cheap cotton yarn from across the border to stop this situation.
The official spot rate remained unchanged at Rs 6800. Prices of seed cotton in Sindh per 40 kg were at Rs 2400-3100, in Punjab, rates were inert at Rs 2400-3200, dealers said. In the ready session, 4200 bales of cotton changed hands between Rs 6700-7100, dealers said.
The following deals were reported: 400 bales of cotton from Haroonabad at Rs 6700, same figure from Fort Abbas at Rs 6800 and 3000 bales from Sadiqabad at Rs 7100.
The New York cotton market moved higher for second consecutive session where all the future contracts ended with fresh gains.
The North Face has introduced a new sustainable collection that focuses on everyday essentials designed for use beyond outdoor settings.
Egypt’s textile industry is undergoing one of the most important expansions in its modern industrial history.
Bangladesh’s ready-made garment (RMG) industry has reached a milestone in its sustainability journey by securing 38 new LEED-certified green factories…
Tokyo-based Teijin Frontier has developed a new multi-functional textile for sports and outdoor clothing that offers improved comfort and cooling…
In a major step towards reviving Telangana’s handloom traditions and environmentally responsible fashion, BRS Working President launched Singidi Collective.
The latest Mini models make wide use of recycled knitted fabrics in their interiors, combining simplicity, sustainability, and modern aesthetics.