MARKET & ECONOMY​

The members of the Indian Textile Accessories & Machinery Manufacturers’ Association (ITAMMA) deeply mourns the sad and sudden demise of Suresh B Rao

Delicate embroidery grounds continue to be in vogue. Fabric producers are selling transparent, extremely fine, tulle fabrics in the global clothing and lingerie sectors and are constantly demanding new creations in order to stimulate demand even more.

While the global market size of the TT sector was estimated to be $104,000 million in 2010, this sector is still in nascent stages in India. TT offer several advantages in their functional aspects for improving health and safety, cost effectiveness, and durability and strength of textile material. These performance-enhancement products are applicable in the protective clothing, agriculture, medical, infrastructure development, automotive, aerospace, sports, and packaging sectors.

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.

Textile manufacturing firm, KPR Mill, plans to double its processing capacity at a cost of Rs 120 crore. The project is set to be completed in nine months and the firm plans to fund its expense through internal accruals and debt.

China plans to restart auctions to sell off some of its 11 million metric-ton stockpile—the world’s largest—in the second half of April, a move likely to keep cotton prices under pressure meanwhile. China’s National Development and Reform Commission, an economic planning and development agency, will hold auctions from the middle or end of April to reduce its cotton stockpiles, according to CNDRC.

Cotton Outlook continues to forecast raw cotton production in 2016/17 at 22,748,000 tonnes, representing an increase of eight percent on the previous period. Cotton area is expected to increase modestly and a repeat of the current season?s reduction to yields is not foreseen. Global consumption is also unchanged, at 23,317,000, just 1.4 percent higher than in 2015/16.