Asian caprolactum prices gained US$30-50 a ton SE and FE in the fourth week of November. In China, spot offers for liquid goods jumped to US$80 a ton while solid good offers were stable on the week.
Sinopec settled its November contract which was down US$10 a ton from nomination for liquid goods while Fibrant raised its November nomination which was up US$30 a ton from last week for liquid goods, taking cue from spot numbers.
The Chief Minister of Mizoram recently inaugurated Integrated Muga Silk Development Project (IMSDP) initiated by the State Sericulture department under the North East Region Textiles Promotion Scheme (NERTPS).
This move comes in as a thrust to the opportunity for Mizoram, along with Nagaland, to become muga producer in the Northeastern region ; after muga production in Assam has drastically declined due to climate change
Nanowear is the leading developer of patented, textile-based nanosensor technology with applications in the cardiac, neurological, industrial, safety, government and sports medicine / performance diagnostics monitoring markets.
The company receives US FDA approval for remote cardiac monitoring undergarment, SimplECG-its first product. SimplECG collects continuous multi-channel ECG, heart rate and respiratory rate data from the garment and transfers it to a web-based portal for review by a physician, by way of a mobile application. The initial version of the product is iPhone-based.
Textile raw materials in Nigeria are being sold at prevailing international market prices and payment being demanded in foreign exchange even as the materials are being harvested and produced domestically.
The Federal Government’s efforts at diversifying the economy and reducing dependence on importation are being undermined by value-chain operators, farmers and providers of key raw materials who would rather export raw commodities for foreign exchange than sell to local producers at market prices.
The Blackland Income Growth (BIG) Conference cotton session to take place in Waco on 13 December which feature new trends in cotton production, plus a policy update from the National Cotton Council.
Julie Borlaug, associate director of external relations at the Borlaug Institute for International Agriculture at Texas A&M University in College Station, will be the keynote luncheon speaker.
Commerce Minister Tofail Ahmed, addressing the inaugural session of the Bangladesh Trade and Investment Summit 2016 in Kuala Lumpur requested the Malaysian government to award duty free market access for its products to boost trade ties between the two countries. As the trade balance between Bangladesh and Malaysia is always in favour of Malaysia.
Chennai-based designer Anshuma Damani keeping the traditional content alive in the indigenous handloom has come up with a selection of hand-woven products that mainly consist of three ingredients – Chanderi, Maheshwari and Tussar yarns.
Her collection ‘Kalaborate’ is a collaboration of Indian textile art that weaves ethnic threads into a handloom wear. By infusing embroideries, shibori work and other patterns, it does not take much time for the handloom fabric to turn into a rare piece.
Higher stock levels in the textile pipeline resulting from fashion changes mainly in Asian countries and a lower UK pound has resulted in a dramatic fall in crossbred prices the past six months. Crossbred wool prices continue to slump to a low unseen since the 2012/13 season as finer wools strike a rising market.
At the Christchurch wool sale last week, wool prices prices were mixed for a small offering compared with the last sale on November 17.
During talks with the Syrian Ambassador to Pakistan Radwan Loutfi with Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Abdul Rauf Alam at FPCCI capital House. Radwan Loutfi said that there is a lot of scope for Pakistani textiles and other products in Syria.
Rwanda government to boost Made in Rwanda campaign has announced tax exemption for importation of textile raw materials and leather, it applies to both import duties and Value Added Tax (VAT) which is effective from Friday, December 2, 2016. Although this move will see government lose billions of francs in taxes that it was getting from leather and textile imports, in the long run the government hopeful that it will boost the Made in Rwanda campaign.
