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Related Keywords: for super grade, grade one, issues second cotton tender, Karachi Cotton Association, offload cotton bales, procures cotton bales, received low offer, scrapped second tender for cotton, support farmers and domestic market, than reserve price set, Trading Corporation of Pakistan, two and three

Trading Corporation of Pakistan (TCP’s) issued second cotton tender on August 1, 2015 to offload remaining 88,600 cotton bales (crop year 2016-15) including 1,000 bales of super grade, 24,200 of grade-one 62,400 of grade-two and 1,000 cotton bales of grade-three, after the sale of 6,800 cotton bales through first cotton tender, which was scrapped as it received offers lower than the reserve price set for the sale of the commodity.

Related Keywords: active buying from mills, cotton bales, cotton trading, curtail in supply of seed cotton, increase in rate, official spot rate. seed cotton prices, Pakistan cotton market, supply of phutti

The Pakistan cotton market on Tuesday amid curtails in supply of seed cotton, causing increase in rate, witnessed some active buying from mills. The official spot rate was higher by Rs 50 to Rs 4,500, while seed cotton prices in Sindh were at Rs 2200 and Rs 2400 and in Punjab rates were at Rs 1800 and Rs 2500, dealers said.

In the ready business, around 15,000 bales of cotton changed hands between Rs 4475 and Rs 4800. The prices moved up slightly due to slight fall in supply of phutti.

Related Keywords: Cotton Spinning Mills, decline inexports, excess spinning capacity, from China, leading mills, NITMA, northern India facing crisis, one day a week, plans to shut down production, Trident, Vardhaman

Cotton spinning mills in northern India facing crisis due the excess spinning capacity and decline in exports this fiscal year have resulted in poor cash flow and excessive stocks due to which they are planning to shut down one day a week, according to Chandigarh based Northern India Textile Mills’ Association (NITMA) having 98 member mills that includes leading names such as Vardhaman and Trident, etc.

Related Keywords: EU and GSP plus, EU and GSP+, European Union, garment industry representative, GSP, GSP plus, GSP plus for Sri Lanka, GSP+ for Sri Lanka, increase wages of garment workers

Sri Lanka is likely to regain the GSP plus trade concession from European Union for garments exports, government said, five years after the nation lost the trade concession over its failure to meet the criteria on human rights concerns.

Prime Minister Ranil Wickremesinghe gave assurance that Sri Lanka will regain the GSP plus trade concession from the European Union when he met local and foreign garment industry officials at Temple Trees yesterday. He said that no fresh conditions have been made. They have been working very closely with the EU.

Paraxylene prices in Asian markets fell in the last week of July after being lifted the previous week while a partial contract price settlement was reached by Idemitsu, Yisheng. However, the Curve flipped into contango as turnarounds loomed large. Mixed xylene prices also declined on softer upstream and downstream markets.

In Europe, paraxylene prices rose week on week as mixed xylene sellers remained and was at a premium to August gasoline. US paraxylene spot market tracked falling Asian numbers while demand stayed low amid poor economics and spot assessments fell week over week.

Related Keywords: paraxylene prices, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US

Related Keywords: embroidery machines and textile products, growth in foreign participants., home textiles, host Iranian and foreign companies, Iranian international exhibition of textile machinery, Irantext, raw material, to be held in september

The 21st edition of IRANTEXT, an Iranian International Exhibition of Textile Machinery, Raw Materials, Home Textiles, Embroidery Machines and Textile Products, will host 340 Iranian and Foreign companies.

Companies from South Korea, Spain, Italy, United Arab Emirates, Turkey, India, China, Taiwan, Germany and Pakistan will showcase their latest achievements and products in the exhibit.

Related Keywords: CEPT, come up at industrial estate, constructed under Integrated processing development scheme, migration of textile processing units, provide direct employment, SDTPC, special purpose vehicle, under Private industrial estate scheme

The common effluent treatment plant (CETP), to be constructed under the Union government’s Integrated Processing Development Scheme, will become operational at Pottakulam and Tamaraikulam in Kariapatti taluk of neighbouring Virudhunagar district with an investment of Rs. 167.3 crore by this time next year. It will come up at an industrial estate to be created under the Private Industrial Estate Scheme of the State government over an area of 100 acres.

Related Keywords: enjoy zero percent tax rates, HCMC Enterprise Association, Japanese firm move to invest, ministry of industry and trade, three largest projects . fibre plant, TPP, Trade Promotion Department, Vietname garment and textile industry to grow, VN-EU FTA

With the signing of TPP and VN-EU FTA and once the agreement takes effect, Vietnamese garment and textile industry is expected to grow 50 percent in the first year and 20 percent in the following year, according to the Trade Promotion Department under the Ministry of Industry and Trade.

To take advantage of opportunities from free trade agreements such as the Trans-Pacific Partnership (TPP) and VN-EU Free Trade Agreement many foreign firms have recently sped up investment in garment and textile industry in Vietnam.

Related Keywords: Indonesian property developers, Kendal Industrial Complex . local domestic textile, PT Jababeka. Singapore based Sembcorp Development Indonesia Ltd, set up industrial textile complex

PT Jababeka and Singapore-based Sembcorp Development Indonesia Ltd., the two publicly listed Indonesian property developers are planning to set up an industrial textile complex inside the Kendal Industrial Complex (KIK) in Central Java which will strengthen the local domestic textile industry.

Jababeka chairman SD Darmono at a discussion in Central Jakarta said that the concept of the complex would mirror the complex in Jababeka, Bekasi, West Java, but would be used solely for textiles.

Polyester staple fibre markets were under falling cost pressure and weak demand in the last week of July. Sentiment slightly picked up amid favorable sales, with upstream raw material slightly rallying weekend. In China, Sinopec nominated its PSF contract prices for August 2015 while atmosphere weakened slightly.

Related Keywords: polyester staple fibre price, polyster price, psf price, psf price in China, psf price in India, psf price in Pakistan