Cotton futures scale 2014 peak
According to a NASDAQ Report, cotton for December delivery rose 2.1 per cent to end at 75.83 cents a pound on the ICE Futures U.S. exchange, the highest since June 24, 2014. Cotton has been a star performer this year among commodities.
GST to boost textile exports: ITF
Textile industry in the region today welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.
Big brands maintain lead
CMAI’s Apparel Index for January-March 2016 (Q4) indicates that the industry managed to clock in a moderate growth with an overall Index value of 3.79 points. Giant brands (with a turnover of above Rs 300 crore) and large Brands (with a turnover of above Rs 100 crore to Rs 300 crore) however, maintained their growth trajectory, even though their pace slowed down as compared to previous quarters.
Ample supply may soften PE, PP prices in Q3
Asia’s polyethylene (PE) and polypropylene (PP) prices may fall in the third quarter amid supply-demand imbalance, according to ICIS, which quotes industry sources. The third-quarter market outlook was a hot topic among buyers and sellers gathered in Shanghai for Chinaplas – a four-day annual exhibition for the plastics and rubber industries that kicked off on April 25.
Cotton prices to rise?
Cotton prices in the Indian market are expected to rise during the coming “off-season months” on reports of lower production forecast and lesser carryover stocks likely for the next season on better consumption and exports.
Small drop in HOSEX
The Federation of Hosiery Manufacturers’ Association of India (FOHMA) is the apex body for the hosiery industry in India. Over the past four decades, FOHMA has been constantly endeavouring to come out with new initiatives to assist the industry in becoming world class and organised to benchmark itself against the best in the world.
Larger brands perform well
CMAI’s Apparel Index for October-December 2015 (Q3) shows the industry has maintained moderate growth with an overall index value of 4.64 points. Giant and large brands have continued their growth trajectory; however, the pace has slowed down compared to previous quarters. But they stayed ahead of small and mid brands.
Cotton Stabilises, Polyester Dips
Globally, cotton prices fell towards the end of 2015 but started stabilising as the New Year progressed. But the polyester prices kept on falling following the slump in the petrochemical prices.
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