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Govt caps yarn exports to cool cotton prices
The Union textile ministry has put a 720-million-kg cap on cotton yarn exports for the current financial year. The move could help soften prices of yarn and cotton. The ministry said the quota would not be extended under any circumstances. With this, the propensity for further exports to cash in on higher global prices came to an end. Industry sources said the textile ministry had already taken a decision
The Union textile ministry has put a 720-million-kg cap on cotton yarn exports for the current financial year. The move could help soften prices of yarn and cotton. The ministry said the quota would not be extended under any circumstances. With this, the propensity for further exports to cash in on higher global prices came to an end. Industry sources said the textile ministry had already taken a decision
Cotton prices cast shadow on polyester
Skewed demand for synthetic yarn by textile producers, following a dramatic escalation in cotton prices, has opened opportunities for man-made fibre producers. India’s largest corporate Reliance
National Fibre Policy to take birth by year-end
The Centre is expected to finalise the much awaited ‘National Fibre Policy’ by the end of this year. That will remove the disparity in taxation and pricing of various fibres in the country.
The Centre is expected to finalise the much awaited ‘National Fibre Policy’ by the end of this year. That will remove the disparity in taxation and pricing of various fibres in the country.
Textile firms rush to complete year's cotton buying
A mid uncertainty on cotton export and anticipation of further price rise, textile majors are thinking of doing all or the bulk of their procurement during the initial part of the season.
A mid uncertainty on cotton export and anticipation of further price rise, textile majors are thinking of doing all or the bulk of their procurement during the initial part of the season.
Rising yuan may weave magic for textile exporters
Analysts fear lack of capacities will compensate surge in orders. Beijing’s announcement over the weekend to go ahead with exchange rate reforms and make the yuan more flexible has made the Indian
Analysts fear lack of capacities will compensate surge in orders. Beijing’s announcement over the weekend to go ahead with exchange rate reforms and make the yuan more flexible has made the Indian
Better output: Industry works on expansion plans
Increase in cotton production coupled with favourable weather conditions this year have prompted factory owners to chalk out expansion plans and raised hopes of the Indian textile industry.
Increase in cotton production coupled with favourable weather conditions this year have prompted factory owners to chalk out expansion plans and raised hopes of the Indian textile industry.
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