MARKET & ECONOMY​

The World Trade Organisation (WTO) has played a key role in helping countries adjust to four recent trends that have considerably altered the relationship between trade and development, according to the latest edition of the WTO?s flagship publication released recently in Geneva.

Archroma, a global leader in specialty chemicals for the textile, paper and emulsions sectors and a portfolio company of US-based private investment firm SK Capital Partners, has announced that it has entered an agreement to acquire the global textile chemicals business of BASF.

Glen Raven Inc., the leading global provider of high-performance fabrics designed for a wide variety of residential, commercial, and industrial applications, is exploring expanding its presence in India.

At the end of 2013/14, international cotton prices were around 80 US cents/lb and have continued falling in the first two months of the new season. Given the predicted 1.8 million tons of surplus cotton production and changes in China’s cotton policy,

The USDA’s latest report featured an increase to global figures for 2014/15 beginning stocks (?,000 bales, to 100.3 million) and production (?,000 bales, to 118.0 million) as well as a decrease to the estimate for world consumption (-479,000 bales, to 112.1 million).