Cotton yarn exports from India, which has touched 120 million kg per month, is likely to drop by 20% in the current fiscal following the UPA government's sudden decision to remove the exports benefits under focus market scheme (FMS) on cotton yarn. FMS is aimed at developing new markets across the globe for Indian products. Till date, Latin America and Africa were the focused markets for Indian cotton yarn exports. The move will also affect the spinning mills in Tamil Nadu, Andhra Pradesh, K

India has withdrawn incentives for exports of cotton and yarn, a value-added product used by textile mills, an official order said, a move that could cut exporters' margins in the world's second-biggest exporter of the fibre. The Directorate General of Foreign Trade (DGFT), a unit of the trade ministry, did not give any reason for withdrawing the incentives. Together the benefit of the government's Focus Market Scheme and Incremental Export Incentivisation Scheme on cotton yarn comes to a

Chinese Foreign Minister Wang Yi ensures this in a meeting with PMr Sheikh Hasina at UN Headquarters Flags of Bangladesh and China China will increase the duty-free access of Bangladeshi products to its market up to 95% to boost the trade relations between the two countries and to support Bangladesh in bringing down its trade deficit with the trading partner. Chinese Foreign Minister Wang Yi said this when he met Prime Minister Sheikh Hasina at the Conference Building of the UN Headqu

Global textile machinery makers plan to increase investment in China as the country is set to become the world’s largest apparel market. France-based Lectra, which provides software and cutting systems for the garment industry, expects to see sales in China post a record high this year, Andreas Kim, China chief of the company, said yesterday in an interview during the China International Sewing Machinery and Accessories Show. He said the Asia-Pacific region accounts for about 20 percent of

China's cotton production will decline in 2013 compared with one year ago due to a combination of a reduction in land used to grow cotton and bad weather in cotton-planting provinces, an official with the Ministry of Agriculture (MOA) said Thursday. China is expected to produce 6.32 million tons of cotton in 2013, down 337,000 tons from the previous year, Xiang Yu, an official with the Department of Crop Production of MOA, told an industrial conference held by the China Cotton Association (C

Mongolia is now able to not only produce cotton fleece from sheep wool but also building insulation material. Below is a brief interview about this latest development with B.Ganbat, head of the Mongolian Wool Products Manufacturers Association. -How are you planning to process sheep wool for preparing insulation material? -We have set an objective to use sheep wool for two purposes. First, to fully provide uniforms made with domestic cotton to all General Education School students. Further

The exports of textiles, excluding apparel, from Turkey grew by 7.1% year-on-year to USS 5.4 million during the first eight months of the current year, according to the figures released by the Istanbul Textile and Apparel Exporters' Association (ITKIB). The textile exports accounted for around 5.5% of Turkey's total exports during the eight-month period, haberler.com reported quoting Anadolu Agency. Turkey's textile exports to Russia were valued at USD 714.5 million, followed by Italy with USD 5

Cotton output is likely to be about 9 per cent higher at 370 lakh bales (170 kg each) in the next season compared to the current year, while exports are estimated to be 15 per cent lower at 85 lakh bales. Cotton season is between October to September. In the current year, the natural fibre production was around 340 lakh bales, domestic consumption was 260 lakh bales and exports were 100 lakh bales. "The natural fibre output is expected to be 370 lakh bales in the 2013-14 season, and the d

Fast rising cotton yarn exports may be coming on slow track, albeit for short time, as prices have shot up significantly. China is the biggest importer of Indian cotton yarn and have now reduced their imports from India and are waiting for prices to soften up a bit before they start buying heavily. According to data by Directorate General of Foreign Trade, registration of cotton yarn exports was down to 104.913 million kgs in the month of August compared to 139.745 million kgs in July. T

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and President of the Dubai Civil Aviation Authority, has signed a memorandum of understanding (MoU) with Sam Pai, Chairman, China Sonangol Group. The agreement mandates China Sonangol International Pte. Ltd. to set up a crude oil refinery in Dubai. The state-of-the-art refinery will process end products for domestic use as well as targeted international markets. For this purpose, a project consortium will