The International Islamic Trade Financing Corporation (ITFC), a member of the Islamic Development Bank (IDB) group, has signed a syndicated agreement of €100 million with the government of Cameroon and the Société de développement du coton (Sodecoton) as the executing agency for the export of cotton and the import of various agricultural inputs.
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The recent pink bollworm incidence in certain cotton growing regions suggest that cotton production in India may be lower than the earlier forecast, according to the Mumbai office of the Foreign Agricultural Service (FAS) of the US department of agriculture.
Welspun India has emerged as the first global textile entity to patent a fibre-tracking technology, turning adversity into opportunity. The Mumbai-based world’s second largest terry towel producer, developed the technology after a large customer terminated a contract following mislabelling of the provenance of fibre in certain consignments.
Pakistan’s cotton production is feared to plunge to 11 million bales during the current season against the revised target of 12.6 million bales as the country’s key crop producing province Punjab is likely to deliver an output setback, officials said.
Cotton crop from Texas will be good, this year. With Christmas on the horizon, harvest in the High Plains of Texas is nearly completed with about 85-90 per cent of crop harvested.
COTTON USA will show the global home textile industry WHAT’S NEW IN COTTON™, including five new innovative technologies to drive sales growth, at its booth in Hall 8.0 / Stand D 63 at Heimtextil in Frankfurt, Germany, from January 9-12, 2018.
The Indian Texpreneurs Federation (ITF), an apex body of textile industry, expressed confidence that cotton prices will come down and the speculative price increase during last week is not not sustainable.