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Related Keywords: 100 per maund, become costlier, Buyers are rushing, Buyers initially seen chasing limited quantity of quality cotton, cotton bales, Cotton market, get hold of maximum lint quantity, lint imports, once again pushed cotton prices, realizing developing scenario, regardless of its quality, rupee devaluation, seasonal peak of Rs7, seed cotton

Buyers initially seen chasing limited quantity of quality cotton realizing that under the developing scenario lint imports after rupee devaluation will become costlier. Buyers are rushing to get hold of maximum lint quantity, regardless of its quality at the cotton market on Tuesday which once again pushed cotton prices to a seasonal peak of Rs7,100 per maund.

The buyers were also not optimistic about imports of cotton from India since a large-scale pest attack has drastically slashed the crop size.

Related Keywords: disclosed foreign currency, Ethiopia earned USD 31.2 million, Ethiopian Textile Industry Development Institute, expansion of cotton farming, generated from textile sector, government encouraging foreign investors, HDM has installed its factory in Hawassa, over last three months, steadily growing, textile and garment export

The Ethiopian Textile Industry Development Institute disclosed that the foreign currency generated from the textile sector has been steadily growing. Over the last three months Ethiopia has earned USD 31.2 million from textile and garment export.

The Ethiopian textile products have entered into Germany, Italy, China and United States through AGOA stated Institute Communication Directorate Director Bantihun Gessesse.

Related Keywords: 000 tonnes, ABARES, Australian Bureau of Agricultural and Resource Economics and Sciences, Australian cotton exports are forecast to increase, forecast Australian cotton production, grow by four percent, irrigated plantings, largely driven by increase in yields, this season 2017-18, to 968

Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecast Australian cotton production to grow by four percent to 968,000 tonnes in this season 2017-18 largely driven by an increase in yields in irrigated plantings.

In the ongoing cotton season, total area planted to cotton is forecast to decline by 10 per cent to 500,000 hectares due to a decrease in the availability of irrigation water and dry seasonal conditions at the opening of the planting window. This forecast is a smaller decline than forecast in Agricultural commodities: September quarter 2017.

Related Keywords: American Merchant, Highland cotton and pima cotton, made from 100 percent USA-quality cotton, make producing high-end towels easier, new production facility in Bristol, ship cotton into the facility from various states, Ultra-soft bath towels, used in the towel industry

American Merchant, the newly announced production facility in Bristol, Virginia, to bring soft, high end towels a lot closer to home. American Merchant’s state-of-the-art production facility will make producing those high-end towels a lot easier, and all of it will be accomplished right in Bristol.

Towels produced by American Merchant will be made from 100 percent USA-quality cotton. The company will ship cotton into the facility from various states, including the Southeast region.

In China, nylon FDY70D/24F SD and FDY40D prices both fell US cents 8 in the last week of November. Nylon DTY prices were stable with 70D/24F and 30D/10F offered flat on the week.

Monofilament 30D prices were steady while nylon staple fiber 1.5D prices rolled over during the week.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

In China, spot liquid good offers were up US$58 a ton in the last week of November while solid goods were up US$43 a ton on the week. CPL offers moved up slightly week on week amid modest buying interest from the downstream.

Caprolactum prices in Asia rose that week, however, there was ample supply as plants operated at higher run rates during the week. Luxi Chemical started its 200,000 tons a year CPL new line on 28 November 2017, and products were to be yielded around the weekend of the week ended 3 December.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices

Related Keywords: 000 tonnes, 5.97m bales, August-to-July basis, Beijing bureau, Chinese cotton imports this season, domestic spinning industry, need for high-quality fibre, pegged at 1.30m tonnes, rise of more than 200, US Department of Agriculture, Year on year

The US Department of Agriculture’s Beijing bureau pegged at 1.30m tonnes (5.97m bales) China’s cotton imports in 2017-18, on an August-to-July basis. A rise of more than 200,000 tonnes year on year – far bigger than the 58,000-tonne increase, to 1.15m tonnes (5.30m bales), that the USDA has officially penciled in.

The bureau’s estimate comes amid persistent market talk that China may be poised for accelerating buy-ins, with some rumours of a potential increase to the import quota of 894,000 tonne allowed in with a 1% tariff, under an agreement with the World Trade Organization.

Related Keywords: 000 mark, 050 per maund, crossing above the Rs7, Prices at cotton market, second time in the season, short supply of quality lint, spinners preferred to get quality lint, strong buying was witnessed on Monday, to reach Rs7, trading activity remained restricted, willing to pay premium price for Sindh variety

Prices at cotton market for the second time in the season seen crossing above the Rs7,000 mark to reach Rs7,050 per maund. However, strong buying was witnessed on Monday as spinners preferred to get quality lint and were willing to pay premium price for Sindh variety. But the trading activity at cotton market remained restricted due to short supply of quality lint.

Also the rupee-dollar parity is going to impact cotton imports which will become costlier in case the rupee value declines against dollar.

Related Keywords: Bombay Exhibition Centre, embroidery, garmenting, GTTES 2019, India ITME Society, knitting, processing, Textile, weaving

Global Textile Technology & Engineering Show (GTTES 2019) well received as its first edition has opened its booking from 4th December, 2017 for 2nd edition to be held from 1st – 3rd February 2019 at Bombay Exhibition Centre, Goregaon, Mumbai.

GTTES 2019 is supported by Department of Heavy Industry (DHI), Government of India, Government of Maharashtra and has already received a hearty response. Tremendous excitement and anticipation from foreign exhibitors, enquiries from overseas delegates are a testimony to the success of previous edition held in 2015.

Related Keywords: accommodates 9 manufacturing sheds inside, designated for textile and apparel production, Ethiopian Investment Commission, fully occupied by foreign textile and apparel manufacturer, kick off production in near future, Kombolcha Industrial Park, rests over 75 hectares of land, speed up economic growth, training employees both at home and abroad

The Kombolcha Industrial Park which rests over 75 hectares of land currently accommodates 9 manufacturing sheds inside designated for textile and apparel production are close to be fully occupied by foreign textile and apparel manufacturer, according to Ethiopian Investment Commission.

Public Relations Directorate Director with the Commission Mekonnen Hailu said that the companies which entered the sheds are currently training employees both at home and abroad and are expected to kick off production in the near future.