BTMA has advised its export-oriented yarn makers not to increase the prices of yarn any further. It has also been suggested that the PI should be held valid for 15 days instead of 7 days.
Bangladesh
As per the Karachi Cotton Association, the price for whit lint is fixed at Rs 13,580 per maund while on the other hand, the seed cotton prices are between Rs 5,200 and Rs 6,200 per maund.
Cotton Association of India (CAI) has increased its consumption estimate for the current crop year by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.
It is seen that the demand for everything is soaring at an exponential rate. The same is the case in the textile industry. India being one of the largest manufacturers of fabrics has taken a unique place in the textile world.
The tax refund rates under the Remission of Duties and Taxes on Exported Products (RoDTEP) may be notified soon, according to Commerce Secretary BVR Subrahmanyam.
Rupa & Company Ltd is one of the largest knitwear brands in India has presented its unaudited financial results for the quarter ended June 30, 2021.
The findings of a new study by Washington State University (WSU) researchers suggest that Gen Z adults are interested in using apparel rental services to reduce over consumption.