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Related Keywords: crisis of quality seed, crop diversification, current season in Rangpur region, Department of Agriculture extension, Deshi variety fibre, fixed target of producing over seven lakh jute bales, hampering sowing of jute seed, high price, lack of soil moisture, prolonged drought-like situation, Tosha variety jute fibre

The Department of Agriculture Extension (DAE) has fixed a target of producing over 7.10 lakh bales of jute from 65,260 hectares of land for the current season in Rangpur, Kurigram, Gaibandha, Lalmonirhat and Nilphamari districts under Rangpur region. Under the programme, the farmers to produce over 6.57 lakh bales of ‘Tosha’ variety jute fibre from 59,509 hectares of land and 53,255 bales of ‘Deshi’ variety fibre from 5,751 hectares of land in the region this year.

According to the DAE sources, harvest of the fibre crop will begin from the next month.

Related Keywords: BSCIC, directly sell products to customers, haat corner, Jamdani Exhibition, Jamdani Palli (village) and research centre, Narayanganj, organized by Bangladesh Small and Cottage Industries Corporation, revive old glory of Dhakai Jamdani

Jamdani Exhibition 2016’ organized by Bangladesh Small and Cottage Industries Corporation (BSCIC) began at Bangladesh National Museum in the capital on Sunday. Industries minister Amir Hossain Amu inaugurated the show.

State minister for textiles and jute Mirza Azam, senior secretary of the industries ministry Mosharraf Hossain Bhuiyan and cultural affairs secretary Aktari Momtaj were present at the inaugural ceremony with BSCIC chairman Hazrat Ali in the chair.

Related Keywords: empowering businesses, export fifty percent products made in emirate, first venture in UAE, German based SOEX Group, globally leading company, it plans to build a new plant, plans to invest in Hamriyah Free Zone, sector of recycling and marketing, Sharjah, start operations by the middle of next year, to African countries, used textiles

German based SOEX Group, a globally leading company in the sector of recycling and marketing of used textiles plans to invest €5 million (Dh20.7 million) in Sharjah’s Hamriyah Free Zone, it will start its operations by the middle of 2017. This is their first venture in the UAE, according to a statement from the free zone’s authority on Sunday.

Soex Group plan export 50 percent of their products made in the emirate to African countries and 25 percent each to Eastern Europe and the Middle East respectively.

In Jiangsu, 40s compact sirospun yarn prices remained unchanged in the second week of June while 30s spun viscose in Xiaoshan rolled over on the week. Offers for ring-spun 30s yarn were however, down US cents 3 a kg during the week.

Spun viscose yarn market activity in China softened a bit due to Dragon Boat Festival holidays. Discussions for ring‐spun and sirospun yarns remained flat and prices remained unchanged on the week.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

In Qianqing, PC (65/35) 32s and 32s PV yarn were both up US cent 1 a kg due to weak US$ in the second week of June. In China, blended yarn prices remained relatively stable lacking demand from downward processors. However, fibre prices were clearly rising which may result in higher yarn prices in coming weeks.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Related Keywords: acquires Optitex Ltd, boost textile portfolio, cost efficiency automation in textile, EFI Reggiani digital printers, Electronics For Imaging, Inc. EFII, integrate into EFI productivity software business unit, Israeli company, produces 3D design software for textile industry, shorten time from apparel design to manufacture, textile ecosystem

Electronics For Imaging, Inc. (EFII) has announced the acquisition of Petah Tikva-based Israeli company Optitex Ltd which produces 3D design software for the textile industry. Optitex will be integrated into EFI’s Productivity Software business unit. EFI has boosted its textile portfolio with the acquisition.

EFI said that Optitex’s portfolio of products, which are essentially used to shorten the time from apparel design to manufacture, was a solid fit with Reggiani – the Italian manufacturer of industrial textile printers it bought last summer.

Related Keywords: Cotton Advisory Board, cotton main raw material, domestic production might be less, hit acquisition prices for textile mills, import may be more than estimates, Indian Texpreneurs Federation, international cotton prices lower than Indian prices, mill gate price, South India Spinners Association, steep hike in cotton prices, Textile Industry

The textile industry may import more than the estimates as domestic production might be less than the expected 352 lakh bales and also international cotton prices are lower than the Indian prices. In the last few weeks, there has been steep hike in cotton prices, by about Rs.6,000 a candy which is a matter of concern to the textile industry for which cotton is the main raw material.

Related Keywords: AGOA, Ghana government, invest funds to train, mainly unskilled people, Minister of Employment, transform the textile and apparel sector, youth in textile and apparel industry

Training to be provided to the first batch of 2,000 recruits from the Youth Employment Agency (YEA) in the textile and apparel industry, for which the Ghana government will be investing GhC16 million, said the Minister of Employment, Mr. Haruna Iddrisu.

Mr. Iddrisu said that it was the intention of the government to roll out 5,000 persons, mainly unskilled people, and these would include ‘kayayei’ among others.

Related Keywords: attract more investment, Bangladesh garment and textile markers, BGMEA, BKMEA, BTMA, cost of production increasing every year, Fiscal measures, higher export growth, market diversification, next fiscal year, reduce corporate tax for the garment sector, Textile and RMG sector, urged governement to reduce tax at source

The country’s garment and textile makers have urged the government to reduce tax at source to 0.3 percent for the next fiscal year from the proposed 1.5 percent to attract more investment as the cost of production is increasing every year.

Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at a press meet at the BGMEA office in Dhaka said that if it is not possible, they have urged the government that source tax should remain at the exiting 0.6% for the sake of the growth of export oriented industries and creating more jobs.

Related Keywords: amid fall in cotton yarn demand, cotton price move downwards, KCA, lack of buying interest, local spinners and mills, market failed to attract buying interest, Pakistan cotton market, spot rate unchanged, turnover remined low

At the end of week, cotton market turnover remained low due to lack of buying interest from local spinners and mills. Cotton prices continued to move downwards on Saturday, amid fall in cotton yarn demand.

Traders bought near 1500 bales at the ready counter with prices plunging down to Rs5,300/maund. Brokers said that trader sentiments remained bearish as they preferred to make small transactions in accordance with their immediate demand.

The Karachi Cotton Association kept the spot rate unchanged at Rs5,500/maund.