Cotton prices drop 7% in Brazilian market in July

2018/08 08 13:08

Higher supply and pressure from buyers led cotton prices to drop over seven per cent in the Brazilian market in July, according to the Center for Advanced Studies on Applied Economics (CEPEA). Between June 29 and July 31, the CEPEA/ESALQ cotton Index, with payment in 8 days, dropped 7.57 per cent, closing at 3.3303 BRL […]

Negotiate with China for zero-duty: CITI tells Centre

2018/08 08 13:08

Courtesy: Lum3n.com from Pexels To put a break on India’s widening trade deficit with China, the Confederation of Indian Textile Industry (CITI) has urged the Union government to push negotiations with its northern neighbour to give duty free access to Indian cotton textiles. With zero-duty access, India can double its textile exports and also reduce […]

Ghana raises daily minimum wage by 10%

2018/08 08 13:08

Ghana’s National Tripartite Committee (NTC) recently announced in Accra a 10 per cent hike in daily minimum wage of workers. The raise will take the new minimum wage from GH¢9.68 to GH¢10.65 beginning January 1 next year. The decision was taken after a series of meetings between the government and labour and employers’ associations over […]

India’s Andhra Pradesh approves textile policy 2018-23

2018/08 08 13:08

India’s Andhra Pradesh state recently held a cabinet meeting to approve several policies and took decisions on projects on employment generation and agrarian crisis. The State Mega Seed Park Policy 2018, the Textile, Apparel and Garments Policy 2018-23 and formation of a special account for management of agricultural products collection were approved. A market stabilization […]

Radianza: An eco-friendly success story for Thai Acrylic

2018/08 08 13:08

Thai Acrylic Fibre (TAF), a leading manufacturer of acrylic fibres and owner of the Birlacril brand, has launched a unique solution to the challenges of strict environmental laws imposed on the textile industry with its Radianza acrylic fibre. TAF, headquartered in Bangkok, Thailand, operates as a subsidiary of Aditya Birla Management Corporation. Yarns made with […]

Myanmar garment units face closure due to rising costs

2018/08 08 13:08

Fourteen factories, mostly garment units, in Yangon’s industrial zones may shut down in the next two months due to rising cost of land and staff. The closure may leave over 3,000 without jobs, according to Daw Sandar Min, regional representative in Yangon and chair of the finance, planning and economic affair committee under the Yangon […]

Decker Brands sales climb 19.5% in Q1FY19

2018/08 08 13:08

Courtesy: Deckers The net sales of Deckers Brands in the first quarter of fiscal 2019 has increased 19.5 per cent to $250.6 million compared to $209.7 million for the same period last year. On a constant currency basis, net sales increased 17.6 per cent. For the reported period, the gross margin was 45.9 per cent […]

‘Wellness driven clothing paving way for AI in fashion’

2018/08 08 13:08

Courtesy: Broadcast Wearables Artificial intelligence (AI) and Internet of Things (IoT) are integral parts of the next generation of clothing where fit, colour and fitness will be integrated into clothing directly. Wellness-driven fashion could be the early adopter, paving the way for full integration of AI into fashion, as per the head of Hyderabad based […]

China solicits opinions on social e-commerce regulation

2018/08 08 13:08

China's commerce ministry website has published a regulation on social e-commerce, soliciting public opinion by the end of this month. According to the regulation, social e-commerce platforms and service providers shall be registered with industrial and commercial departments. The concept, which emerged in 2013 in China, combines social media with e-commerce. E-commerce platforms Xiaohongshu and […]