In the second week of August, the SE and FE Asian caprolactum markers were flat on the lower end. In China, spot liquid good offers were up US$16 a ton on the week while solid goods rose similarly.
Sinopec raised August nomination at a hike of US$60 a ton from last nomination. European goods were stable on the week. Caprolactum prices firmed up in Asian markets supported by slightly high benzene cost amid modest demand.
In the cotton year ending September on the back of sharp rise in yield per hectare, the cotton output is expected to increase 4 percent to 34.5 million bales (of 170 kg each). According to the second advanced estimate released after the Cotton Advisory Board met here on Friday the yield per hectare is expected to increase to 541 kg from 459 kg, however, acreage under cotton dropped 11 percent to 10.84 million hectares (12.29 million hectares).
Kivanc, a leading Turkish woven apparel fabrics producer will be showcasing its latest collections at this year’s late summer and early autumn shows in Europe and North America. Buyers will get to discover the world of Kivanc at the ATSC TORONTO which will be held from 21-23 August), at the Munich Fabric starting from 5-7 September, and PV Paris to take place from 19-21 September.
Monte Carlo Fashions, known mostly as a winter-wear brand to reduce the overall seasonality impact is planning to focus on a comprehensive range of cotton and cotton- blended products which cater to all seasons in order to expand their all-season product range and strengthen their pan-India operations.
The company will not only expand its product range but also increase its footprint across the country. It is looking to be recognized as an all-season apparel brand.
Turkish Ministry of Economy to fight the evasion of POY products imports from seven countries - China, India, Malaysia, Indonesia, Taiwan, Thailand and Vietnam has announced imposition of provisional anti-dumping duty on partially oriented yarn (POY) with HS code 5402.46.
Ethicus, a Chennai-based fashion brand as part of pre-onam celebrations and to celebrating eight years of the institution of Ethicus conducted a two-day exhibition-cum-sale where it showcased the finest weaves made from the finest organic cotton and the craftsmanship of some of the best artisans.
A saga of the finest narratives in Sustainable Textile and Slow Fashion saris was the highlight of the exhibition. Brightly coloured hues of Madder red, Indigo blue, green, yellow, black, grey and brown Kalamkari saris were also showcased.
To get access for Pakistani products in the potential markets, efforts are being undertaken for Free Trade Agreement (FTA) negotiations with Turkey, Thailand and Iran. A joint research study to assess the potential for a preferential arrangement with Korea is also underway.
In the current financial year, to facilitate exporters under the Textile Policy 2014-2019, over six billion rupees have been allocated, according to official sources.
The Industries and Commerce Department to revive and boost the textile sector in the State has pitched several initiatives and investment. One of the important project being undertaken is the modernization of the once famed Silk Factory at Raj Bagh in Srinagar which is being upgraded with replacement of 44 looms, commissioning of finishing plant, boiler and other machinery besides execution of civil works at a total cost of ₹23.54 crore.
The Central Silk Board to assure cocoon production thereby increasing the production of raw silk thread has decided to sensitize the sericulture farmers to choose food plant cultivation variety that would suit the water availability in their region.
The CSB chairman, K.M.Hanumantharayappa said that the annual production of raw silk hovered around 28,000 metric tonnes, out of which 98 percent belonged to the mulberry variety. The other three varieties were Muga, Eri and Tusar.
Azerkhalcha a state run company established under the presidential decree in May 2016, plans to revive country’s weaving traditions and reintroduce its hand woven carpets to the world.
The company recently opened its first branch in the front zone - Horadiz settlement of the Fizuli region. The Horadiz branch has so far manufactured about 100 carpets of various sizes which will be exhibited at various international trade shows, said Azerkhalcha president Professor Vidadi Muradov.
