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Related Keywords: auction, auction system's share of wool, ended with smallest volume sold, farmers attracted to premium prices, New Zealand wool season, NZ Merino, offered in private sales, protection from commodity price, Strong wool marketer, to shrink

New Zealand ended its 2014/15 wool season with smallest volume of the clip sold through auctions in at least seven years, as more farmers were attracted to the premium prices and protection from commodity price volatility offered in private sales.

According to Wool Services International executive Malcolm Ching, who is on the roster committee, the auction system's share of wool is likely to continue to shrink. An estimated 464,000 bales are expected to come up for auction in the 2015/16 year, down from 480,000 bales in 2014/15 and 493,000 bales in 2013/14.

Related Keywords: arrival of new crop, cotton consumption, cotton grower, Cotton market, cotton price, face declining trend, ginning factories, ginning new crop, lint cotton price, seedcotton price, yarn price weak

Cotton market is facing declining trend with the arrivals of new crop (August 2015 / July 2016), The lint cotton prices have dropped by Rs350 to 400 per maund (37.32 kgs) while seedcotton prices have red a declined by Rs 500 to Rs 600 per 40 Kilogrammes. The new crop seedcotton prices are presently said to be ruling from Rs 2300 to Rs 2500 per 40 Kgs, according to the quality. In the Punjab, seedcotton prices from the new crop said to range from Rs 2500 to Rs 2600 per 40 kilogrammes.

Related Keywords: African Growth and Opportunity Act, AGOA, allows African nations, clothing industry, duty free access to US markets, fast track trade authority, for another 10 years, Textiles, US Congress renewed the act, Walmart

The African Growth and Opportunity Act (AGOA), a 15 year old law which had been due to expire at the end of September, allows sub-Saharan African nations duty-free access to U.S. markets for certain goods such as textiles has been renewed by the U.S. Congress. This makes Africa the latest continent wrapped up in a spree of trade legislation clearing through Congress.

Congress cleared the legislation a day after it gave President Barack Obama “fast-track” trade authority to put trade deals, such as the impending Trans-Pacific Partnership, before Congress for an up-or-down vote.

Related Keywords: blend of lyrca, business of Surti dress material dipped, cotton, growing use of legging, hub of man made fabric, make up for loss in business, manufacture cotton leggings, nylon and viscoe, proves costly for textile traders and entrepreneurs of Surat, South Gujarat Chamber of Commerce and Industry

The growing use of leggings — tight-fitting stretch pants by women usually made from a blend of lycra, cotton, nylon and viscose is proving costly for textile traders and entrepreneurs of Surat, a hub of man-made fabric as trade in Surti dress material has dipped by almost 45 percent.

The business in dress materials is worth Rs 14,000 crore annually. Of this, leggings have captured business of over Rs 2,500 crore as more and more women, including young girls and even elderly women are switching to the trendy leggings.

Related Keywords: Bath linen, furniture fabric salon, Heimtextil India and Ambiente India, inaugurated by Santosh Gangwar, kitchen textiles, Minister of state for textiles, platform for manufacturers, retailers and designers, seven countries showcasing, textile floor coverings, trade fair for home furnishing and contract textiles, window decorations

The Heimtextil India and Ambiente India, Trade Fair for Home Furnishing & Contract Textiles targeting Trade visitors across India was inaugurated by the Minister of State for Textiles (Independent Charge), Santosh Kumar Gangwar in New Delhi on Thursday.

Heimtextil India joins the world's most renowned Home and Contract Textiles trade fair brand. The show is jointly organized by Messe Frankfurt Trade Fairs India Pvt Ltd, the Indian subsidiary of one the world's leading exhibition organisers.

Related Keywords: cutthroat competition, Dongguan, Dongguan Humen International Garment Machinery Market, end struggle against rising labour cost, garment industry of China, garment making machine, homegrown technology, imported from Germany, increase bottom line, Italy and US, turn to robotic technology, upmarket manufacturing

Dongguan located in South China's Guangdong province known as the capital of China's garment industry to combat mounting competition, the industry, which is labor-intensive, has turned to technology. Most of the factory owners are planning to invest in robotic technology to increase the bottom line and end their struggle against rising labour costs and cutthroat competition.

Garment-making machines can be operated by fewer workers and this can cut costs by more than 30 percent as well as boosting productivity by 40 percent.

Related Keywords: all-in-one facility, build a large-scale, covering upstream, expand production base in Vietnam, Far Eastern New Century Corp, middle stream and downstream textile products, plans investment, production and finishing, synthetic fibres and other textiles, Taiwanese conglomerate

Far Eastern New Century Corp., a Taiwanese conglomerate involved in production and finishing of synthetic fibres and other textiles. It has factories in China, Taiwan and Southeast Asia. The company in an annual general meeting held on Friday has decided to transform the Southeast Asian country into the company’s third production base after Taiwan and China for which they are planning to invest NT$10 billion (US$323 million) in Vietnam.

Related Keywords: Brazilian textile industry, demand for innovative textile product, in fiber and smart polyamide textile yarn production technology, latest equipment in texturing, plan investment, Solvay Fibras Global Business Unit, Solvay Group, textile weaving machines

Solvay Group to meet the growing market demand for innovative textile products is planning investment of around R$50 million in fiber and smart polyamide textile yarn production technology. The investment is being made in the latest equipment in texturing area and the modernization of textile weaving machines in Santo André (Brazil).

Related Keywords: Almeda Textile, biggest textile manufacturing, creating a Hub for excellence in the textile field, Hennes and Mauitz AB, increase revenue, plans to upgrade factory equipment, sells clothes to Swedish fashion chain, training staff

Almeda Textile is the biggest textile manufacturing company in Ethiopia plans to upgrade factory equipment and training staff to increase revenue by 50 percent to $30 million a year by 2018. It sells clothes to Swedish fashion chain Hennes & Mauritz AB.

Related Keywords: developed biodegradable fiber, EcoSure BioBlast, entirely of recycled PET bottles, including baby wipes., leading distributors of recycled fibers, textile fiber company, The Poole Company, use in household wipes, Virgin polyester fibers

The Poole Company, a textile fiber company and is now one of the leading distributors of recycled fibers and virgin polyester fibers. It has developed a biodegradable fiber made entirely of recycled plastic bottles, most commonly used for water and soft drink bottles.

The fiber, called EcoSure BioBlast, is designed to be biodegradable in oxygen-deficient environments like landfills. In tests run by a New Mexico lab, the fiber was 72.5 percent biodegraded within a year, which is 12 times faster than traditional nonwoven fibers used for household wipes, the company said.