by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | cotton industry, COTTON PRICE
India One of India’s top producers and exporters of raw cotton, Axita Cotton, saw a huge increase in the price of its stock recently. The revelation that the corporation is thinking about buying back equity shares is what caused this increase. The stock then...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | News & Insights
Texprocil and Southern India Mills’ Association (SIMA) have expressed their condolences following the passing of renowned industrialist Karumuttu T. Kannan on Tuesday in Madurai. “The textile business has suffered a great loss with Kannan’s passing....
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | COTTON PRICE
Cotton prices have declined by nearly nine per cent in the past two weeks as growers have begun to bring their produce they had held back over the past few months to the agricultural produce marketing committee (APMC) yards. “Farmers in various States have changed...
by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Garment
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the leading organisation representing Bangladeshi garment manufacturers, has once again urged the US government to grant duty-free market access to clothing made from US cotton, emphasising how...
by DIGITAL MEDIA EXECUTIVE | May 22, 2023 | cotton industry, COTTON PRICE
The forecast for cotton production in India for the current season 2022–2023 has been lowered once further by the Cotton Association of India (CAI) to 298.35 lakh bales weighing 170 kg apiece. Last month, companies representing the weaving sector criticised CAI for...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | cotton industry, COTTON PRICE
According to a segment of the cotton trade, India has reached its 51,000-tonne duty-free import cap of Australian cotton for 2023. However, if prices are at the proper level, there may be room for more imports. To reestablish contact with cotton players in this...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Import/Export
Even as it observes a downturn in demand for textiles, jewellery, technical items, and chemicals from the US and the EU, the Indian industry is optimistic about exports in FY24. In FY24, exporters anticipate growth of 11–13%. Exporters of cotton-based textiles and...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | cotton industry, COTTON PRICE
Due to this year’s decreased cotton crop production in China’s Xinjiang province, the nation has ordered roughly 5,000 tonnes of cotton yarn from India during the past two weeks. More than 70% of China’s total cotton production is produced in this...
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | cotton industry, COTTON PRICE, Yarn Price
Cotton yarn prices in the Tiruppur market have dropped by 2 to 5 rupees per kg as a result of the continuing low demand from the weaving sector in south India. In contrast, prices in the Mumbai market stayed constant. The textile value chain is facing significant...
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | cotton industry, Environment/Ecosystem
INSIGHTS Farmers in Kenya will receive free chemicals and training to ensure optimum production as part of efforts to support the country’s cotton industry, and the government is expected to supply adequate raw materials for the textile sector. On the project,...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | cotton industry, COTTON PRICE
The forecast for cotton production in India for the current season 2022–2023 has been lowered once further by the Cotton Association of India (CAI) to 298.35 lakh bales weighing 170 kg apiece. Last month, companies representing the weaving sector criticised CAI for...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Fibres and Yarns
Due to increased pressure from spinning mills and stockists due to the lower demand, cotton yarn prices in north India dropped by up to 5 rupees per kilogramme. Market participants were still unsure of which markets to purchase from for home and export purposes. In...