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Related Keywords: Brazil and African countries, caused delay in exports, Demonetization move, driven up prices, force buyers to switch to other producers, levels higher than global market, one million bales of cotton, Supply crunch, top producer from India, United States

Demonetization move has caused delay in the exports of 1 million bales of cotton from top producer India. The supply crunch has driven up prices in India to levels higher than in the global market and could force buyers to switch to other producers like the United States, Brazil and African countries.

Related Keywords: buyers look to other markets, CCI, cotton bales, driven up prices higher, ICAC, lack of demand in apparels industry Cotton prices across India, ruling high on subdued arrivals, Supply crunch, Textile Industry, than international prices, traders unable to meet obligations

The supply crunch in the textile industry had driven up prices higher than international prices and since the traders are unable to meet obligations, buyers could look to other markets. Cotton prices across the country are ruling high on subdued arrivals.

The lack of demand in the apparels industry has also impacted arrivals and although farmers are getting high prices, they prefer to hold back because of the currency shortage in the market.

Related Keywords: Argentinan textile products, Argentinian Ambassador, Argentinian market, focus on penetrating, industrialists, Ivan Ivanissevich, organize trade and investment delegations, Pakistani businessmen, promote trade, textile clothing, trade fair, visit to Karachi Chamber of Commerce and Industry

The Argentinian Ambassador, Ivan Ivanissevich, recently made a visit to the Karachi Chamber of Commerce & Industry. In a meeting held, he emphasized that Pakistani businessmen and industrialists should focus on penetrating into the Argentinian market by efficiently competing with their counterparts from India and China etc.

Related Keywords: bilateral talk, cotton harvest strengthen, eco-friendly technologies, International Trade Fair of cotton products of Turkmenistan, on display samples of products, presents capacity of processing industry, representative from cotton and textile industry, thematic international conference, Turkmen farmers, underway in Ashgabat, varieties of cotton

The VI International Trade Fair of cotton products of Turkmenistan and thematic international conference is underway in Ashgabat The trade fair has put on display samples of products, eco-friendly technologies, varieties of cotton and presents the capacity of the processing industry.

As part of the international trade fair, the participants signed contracts on the purchase and sale of cotton products worth over $30.32 million.

Related Keywords: expand businesses, investors mainly targeting textile and garment sub sector, lead Turkish business tycoons, Nihat Zeybekci, participate in bilateral meetings, Turkey Economic Minister, visit potential business locations in Ethiopia, visit to Ethiopia

Turkey’s Economic Minister, Nihat Zeybekci, during his visit to Ethiopia is expected to lead a team of Turkish business tycoons. The Economic Minister’s trip to Ethiopia is scheduled for some time in the coming month, according to Ayalew Gobeze, Ethiopia’s Ambassador to Turkey.

The business tycoons are said to visit potential business locations in Ethiopia and also participate in bilateral meetings with Ethiopian government officials and business community.

Related Keywords: assess volume of silver fibre crop, CCAC, competitive support price, Cotton growers, cotton production, cotton seed, current season, drop in prices, farmers under sowed, Federal Committee on Agriculture, high temperature, Pakistan cotton, rains hit cotton cultivation, remain lower

At the beginning of current season, the Federal Committee on Agriculture had projected that farmers would plant cotton over an area of 3.009 million hectares and produce 14.101 million bales. But Pakistan’s cotton produce is expected to remain lower at around 10.542 million bales in the current season because farmers under-sowed the cash crop on the fears of further drop in prices.

Related Keywords: Aditya Birla group firm, alleged for discriminatory pricing ways, CCI, control volume of VSF production, cut down production, detailed probe called, different customers, dominant player, downstream textile products, Grasim Industries, increase price, offered different discounts, sale of VSF, textile manufacturers, Viscose Staple Fibre market, VSF

Aditya Birla group firm, Grasim Industries a dominant player in the Viscose Staple Fibre (VSF) market has been alleged for discriminatory pricing ways in the sale of viscose staple fibre (VSF). It is said that the company offered different discounts to different customers for the sale of viscose staple fibre.

The Competition Commission has called for a detailed probe by the Director General (DG) – its investigation arm against the Grasim Industries after prima facie finding evidence of competiton norms violations.

Related Keywords: Agriculture, Deputy Minister for Economic Development of Italy, economic and commercial exchanges, identified areas of cooperation, investment in textile, Italian companies, Italy in favour of free trade with Pakistan, Ivan Scalfarotto, Meeting of Pakistan-Italy Joint Economic Commission, mutual benefit, under the umbrella of the European Union

At the conclusion of a meeting of the Pakistan-Italy Joint Economic Commission on Monday, Italy’s Deputy Minister for Economic Development Ivan Scalfarotto said that his country is in favour of free trade with Pakistan under the umbrella of the European Union (EU). The two countries, Pakistan and Italy have identified areas of cooperation to have greater economic and commercial exchanges for mutual benefit.

Related Keywords: and jackets, bring innovation in suitings segment, fabric and apparel major, launched techno smart brand, new textile unit at Nandgaon Peth, people opted readymade garments, Raymond Ltd, slowdown over the years, smooth touch, standalone brand for Raymond, suits, trousers, UV protection, wrinkle resistance

Raymond Ltd, a fabric and apparel major that still has a near 60 percent market share in the Rs. 18,000-crore suitings segment, the overall Indian suiting business has seen a slowdown over the years as people opted for more readymade garments. Raymond Ltd to decides to shift its focus to bringing in a lot of innovation, in terms of product offering, into its suiting business to beat an overall slouch in the fabrics market and reverberate well with young consumers.

In China, FDY70D/24F SD prices were up US cents 7-10 a kg in the fourth week of November while FDY40D surged US cents 5 a kg on the week. DTY 70D/24F prices also jumped US cents 6-9 a kg while 30D/10F rose US cents 2-5 a kg on the week.

Monofilament 30D prices jumped US cents 3-8 a kg, while nylon staple fiber 1.5D prices climbed US cents 13 a kg during the week.

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