MARKET & ECONOMY​

The Cotton Association of India (CAI), which has released its December estimate of the cotton crop for the 2016-17 season beginning from October 1, 2016, has placed the cotton crop at 341.00 lakh bales of 170 kg each.

Higher production world over and increasing demand is the state of the cotton industry. On the day of inauguration of the 45th President of the United States, cotton industry people gathered in Lubbock, USA for the Plains Cotton Growers’ cotton meeting. The year 2016 has been phenomenal for cotton production in the High Plains of Texas and the production in this region is expected to be about 5.05 million bales.

An interdisciplinary work has resulted in functionalized artificial spider silk using E.coli bacteria. Scientists at the United Kingdom-based Nottingham University have utilised a concept called “click chemistry,” to synthesise antibiotic spider silk. Professor Neil Thomas of the School of Chemistry collaborated with life scientist Dr. Sara Goodacre and her team in the research.

The global medical textiles market is expected to reach USD 20.23 billion by 2022, according to a new report by Grand View Research, Inc. The rise in the number of elderly population, ongoing technological advancements and increase in health consciousness are fueling the growth of global medical textiles market.

Consumers buying home goods and apparels in the USA may be looking more closely at product origins, and could demand more transparency. Thirty percent of Americans said that they would completely stop purchasing a brand if they made a false product claim about a bedding/clothing product being 100 per cent organic, 100 per cent Pima cotton, or other claim of this type, etc.

The Union Textile Ministry has announced unique terms and conditions for procuring fully pressed cotton bales from Cotton Corporation of India (CCI) for the benefit of MSME textile units.

Clarviate Analytics has named DuPont a 2016 Top Global Innovator for the sixth consecutive year. The program, based on proprietary data, recognises the most innovative corporations and institutions in the world that shape the future through the development and commercialization of breakthrough technologies.