Lean business activity was seen on the cotton market on Monday as mills and spinners kept on the sidelines most of the times, dealers said. The official spot rate resisted further decline, retaining the overnight level at Rs 6,300, they said. In the ready business, activity came down as around 400 bales of cotton from Rasoolabad sold at Rs 6,225, dealers said.
Konica Minolta, Inc. (Konica Minolta) will be unveiling for the first time a new inkjet textile printer, the Nassenger PRO120, at ShanghaiTex 2013, an international textile and garment machinery exhibition to be held at Shanghai, China, from June 10 through June 13.
On their recent visit to Bangladesh, Chinese apparel firm owners have expressed their interest to invest in Bangladesh’s apparel manufacturing companies, Feng Dehu, Vice President of China National Garment Association (CNGA), said at a meeting with the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
European textile and clothing companies are looking further afield for growth.The main causes are weak demand in the supply chain and cutbacks by retail buyers and consumers stemming from the eurozone crisis and fiscal tightening by EU governments.
All Pakistan Textile Mills Association (APTMA) Chairman Ahsan Bashir has expressed concern over energy crisis prevailing since last one week, which is likely to linger on until the new government is in place. He said mills were being exposed to 16 to 18 hours per day loadshedding of electricity despite the fact that there was a complete exemption last year at this time from electricity loadshedding to the textile industry on independent feeders.
The All India kappas [seed cotton] arrivals have started dropping down drastically and it is approximately 40,000 bales per day.There is a strange situation in our Textile industry at the moment. Mills with minimum cotton stocks are finding it difficult to source good quality cotton from ginners as they are not interested to sell their stock lots right now because of the weight loss incurred due to severe heat conditions experienced all over India.
Globalization coupled with influence of media has driven various local designs to international platform and as a result there is an increase in demand for quality and exclusive designs.
India's man-made staple fibres imports in April 2013 fell by 0.49%, compared to the month before, according to the latest data from InfodriveIndia.com, India's premier research company in export import statistics.
Business activity improved slightly on the cotton market Saturday following the emergence of fresh buying interest by millers and spinners, dealers said. The official spot rate resisted further decline, retaining the overnight level at Rs 6,300, they said. In the ready business, activity showed further improvement, as around 4,000 bales of cotton traded between Rs 4,650-6,500, dealers said.
Pakistan Textile Exporters Association (PTEA) have strongly criticised the massive power loadshedding of 12 to 14 hours on daily basis coupled with four days a week gas suspension that has brought the industrial wheel to a halt and industrial productions have nose-dived to alarmingly low levels.