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Related Keywords: attracts interest from around one thousand six hundred exhibitors, CEMATEX owner of the show, CITME, combined shows schedule in October, Combined textile machinery shows, early bird tickets, expecting approximately one lakh trade visitors, ITMA Asia, together with Chinese partners

Combined textile machinery shows ITMA Asia and CITME 2016, this year’s show has attracted interest from around 1,600 exhibitors and are expecting approximately 100,000 trade visitors which is schedule in October to be held in Shanghai.

CEMATEX is the owner of the combined show, together with its Chinese partners – the Sub-Council of Textile Industry, CCPIT-Tex, China Textile Machinery Association (CTMA) and China International Exhibition Centre Group Corporation.

Related Keywords: amid improved exports, continued to book big lot deals, cotton prices hit to a seasonal high, deals in Sindh variety cotton were transpired, for new crop, KCA, local market remained highly volatile, meet rising demand, Pakistan cotton market, panicked spinners, slow arrivals of phutti, spot rate

As panicked spinners continued to book big-lot deals to meet their rising demand amid improved exports, cotton prices hit to a seasonal high for new crop on Thursday at cotton market.

The local market also remained highly volatile as slow arrivals of phutti (seed cotton) failed to meet a surge in cotton demand from spinners, influenced by global factors of a big gap between demand and supply, brokers said.

Most deals in Sindh variety cotton were transpired at Rs6,350 per maund (around 38 kilograms) and that of Punjab quality at Rs6,400 per maund.

Related Keywords: account forty six percent of total installed spinning capacity, CAB, capacity of up to twenty five thousand spindles, educed production by about fifteen to twenty percent, losses continue to mount, sharp rise in cotton prices, SIMA, small and medium textile mills in Tamil Nadu, Tamil Nadu textile mills

Following the sharp rise in cotton prices, small and medium textile mills in Tamil Nadu (TN) with a capacity of up to 25,000 spindles have reduced production by about 15%-20% since the beginning of the month as losses continue to mount. Tamil Nadu textile mills account for about 46% of the total installed spinning capacity in the country.

Mills are losing about Rs 15 per kg on yarn. This has come even after two rounds of price increases by mills that resulted in yarn prices going up about Rs 20 per kg since April.

Related Keywords: Chief Operating Officer of NEIFW, Designer Yana Ngoba Chakpu, gives an opportunity to weavers and designers, NEIFW, Second edition of North East India Fashion Week, showcase their creations. NEIFW Collection boutique will be setup in London later this year, twenty five designers, weavers to participate

The second edition of North East India Fashion Week (NEIFW), will be held in Itanagar from August 19 onwards and will conclude on August 21, The event gives an opportunity to weavers and designers to showcase their creations. A NEIFW Collection boutique will also be setup in London later this year.

Related Keywords: chief negotiators will be meeting today, discuss way forward, duty-free access to EU, India EU free trade agreement, make Indian exporters highly competitive, possibility of a trade pact between the two countries, post Brexit

India-EU free trade agreement (FTA) chief negotiators will be meeting on Friday to discuss the way forward. The meeting is important as it comes barely a week after Britain’s business minister Sajid Javid called on India’s commerce and industry minister Nirmala Sitharaman and discussed the possibility of a trade pact between the two countries, post-Brexit.

Related Keywords: appealed textile industry to join Pradhan Mantri Suraksha Bima Yojana, benefit of garment workers, Clothing Manufacturers Association of India, CMAI, expected to visit the fair, facilitates marketing of apparels, Iranian delegation, National Garment Fair, organized largest apparel trade show, Smriti Irani, Union Textile Minister

Union Textile Minister Smriti Irani speaking after inaugurating the 63rd National Garment Fair in Mumbai yesterday congratulated the Clothing Manufacturers Association of India (CMAI) for organizing largest ever apparel trade show which facilitates the marketing of apparels.

Mrs Irani has appealed textile industry to join Pradhan Mantri Suraksha Bima Yojana for the benefit of garment workers immensely, as largest number of people work in the textile sector in the country after agriculture.

In Shengze, offers for 32s and 45s polyester yarn were both down US cents 2 a kg in the last week of June due to weak currency. In Qiangqing, 32s weaving were down US cents 2 a kg on the week.

Polyester spun yarn markets were calm and steady that week in China while offers were stable for 32s and 45s, with the latter seeing better demand and sales.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan

Asian PTA marker, the CFR China rose US$1 a ton CFR China and up US$7 a ton CFR Southeast Asia in the last week of June. In China, offers for nearby-month goods were at US$640 a ton, and counter offers were below US$620 a ton.

Related Keywords: Polyester prices, pta price in China, pta price in US, PTA prices, purified terephthalic acid prices

Related Keywords: achieve healthy export earnings, Bangladesh garment industry, Bangladesh Garment Manufacturers and Exporters Association, better export growth, earnings also exceeded the target set for the year, high-end products, Knitwear, profit margin declined, registered ten percent growth from the previous year, woven products

Bangladesh garment industry generated $28.09bn exports in the fiscal year 2015-16 which just ended, registering a 10.21% growth from the previous year. The data officially released yesterday showed that the earnings also exceeded the target of $27.37bn set for the year. Of the total figure, the knitwear constituted $13.35bn and woven products $14.74bn, according to Export Promotion Bureau data.

Related Keywords: Bangladesh garment industry, fashion trade, Gap and Walmart, Major brands, North American fashion brands, remain committed to buying garments from Bangladesh, retailers, set up to improve safety standards, the Alliance for Bangladesh Worker Safety

Dhaka has cast a big shadow over the garment industry’s future, especially as the victims included several Italians employed in the fashion trade. But the Alliance for Bangladesh Worker Safety, which represents more than two dozen North American fashion brands and retailers, said that its members remained committed to buying garments from Bangladesh.

A group of mostly US-based fashion brands and retailers took pledge on Wednesday not to turn their backs on Bangladesh’s crucial garment industry, despite a series of deadly attacks by Islamist extremists.