Textile Market News

Bangladesh government is set to recognize domestically produced cotton as an agricultural product, aiming to meet the growing demand for cotton in the textile industry.

The US remains a key market for global yarn imports, with Germany, China, India, Israel, and Luxembourg playing significant roles in trade.

Launched in 2015 as a response to the Rana Plaza disaster in Bangladesh, the OEKO-TEX Made In Green label celebrates a decade of promoting verified product safety, environmental responsibility, and fair working conditions.

Reju, a purpose-driven textile-to-textile regeneration company, has partnered Utexa and Antex to validate its 100 per cent recycled Reju Polyester for use in multifilament yarns.

The Madhya Pradesh government has received formal approval for the Rs 2,100 crore PM Mega Integrated Textile Region and Apparel (PM MITRA) Park in the Dhar district.

Cottoncandy futures declined 0.88 per cent to settle at Rs 54,190, pressured by profit booking after recent gains driven by tightening domestic crop prospects.

Germany’s alpaca fiber market is projected to grow at a CAGR of 5.9 per cent between 2025 and 2035, reaching $754.9 million by the end of the forecast period.

Trutzschler India has set up a new state-of-the-art manufacturing facility in Sanand, near Ahmedabad, marking a major step in its commitment to sustainability and global competitiveness.

Filatex India is increasing its leadership in sustainable polyester yarn production with investments of around Rs 320 crores.

India’s cotton yarn industry is projected to see 7-9 per cent revenue growth in fiscal 2026, up from 2-4 per cent last year. It’s being led by exports rebound especially to China and steady domestic demand.

On April 30, US Labor Secretary Lori Chavez-DeRemer announced the termination of over $38 million in foreign aid programs, including a project supporting labor reform in Uzbekistan’s cotton industry.

Textile hubs in Gujarat and Maharashtra are battling a sharp labour shortage, severely impacting fabric and garment production.

Cotton Council International (CCI), the export promotion arm of the National Cotton Council of America, has appointed fashion and sustainability leader Liz Hershfield as its new Executive Director.

The Karachi Chamber of Commerce and Industry (KCCI) has urged the federal government to remove the 5 per cent regulatory duty on polyester yarn in its budget proposals for 2025-26.

ICE cotton futures fell for the fifth consecutive session last week, as improved weather conditions in Texas and a stronger US dollar outweighed positive export sales.

India’s textile mills are scrambling for alternatives after Bangladesh halted yarn imports through land ports.

The Indian government is considering scrapping the 10 per cent import duty and additional 10 per cent cess on cotton, following intense lobbying from the yarn and fabric industries.

Axita Cotton Ltd’s managing director Kushal Nitinbhai Patel, detailed the company’s growth and its ambitious roadmap.

Bangladesh, Pakistan, and Indonesia are increasingly using American cotton to leverage in talks to ease high US tariffs on clothing imports.