Textile Market News

Western Australia's merino wool clip has undergone a significant shift towards finer micron categories. In the three months leading up to November, 21-micron wool volumes fell by 52 per cent, while 15-16 micron volumes increased by 80-90 per cent. This dramatic shift, coupled with a 14 per cent overall decline in clip volume, has implications for the global wool market.

Andhra Pradesh Handlooms and Textiles Minister S Savitha has announced the state government will establish a mega handloom park in Mangalagiri, Guntur district. The initiative aims to provide year-round livelihood support for Mangalagiri weavers. She says that the project will ensure financial stability for the weavers by offering consistent support and expanded market opportunities. She also highlighted the government’s efforts over the past seven months to promote weavers products nationwide. She noted that these initiatives have significantly boosted sales and visibility for traditional handlooms.

The Good Fashion Fund (GFF), in collaboration with the Laudes Foundation and Fashion for Good’s fund managed by Fount, has invested $2 million in KKP Fine Linen Private Limited (KKPFL), a prominent Indian bed linen manufacturer. The loan will support the installation of an Effluent Treatment Plant (ETP) at KKPFL’s new wet processing unit in Perundurai, Tamil Nadu. This initiative is aimed at improving sustainability and operational efficiency.

Filatex India Ltd has posted a 35 per cent increase in net profit for the third quarter, reaching Rs 47 crore ($5.5 million), up from Rs 35 crore in the same period last year. The company’s revenue for the quarter, however, saw a slight decline of 1 per cent, totaling Rs 1,069 crore compared to Rs 1,083 crore in Q3 of the previous fiscal year.

The Filo Capsule Collection will be showcased for the first time at the 63rd edition of Filo, taking place on February 26 and 27, 2025, at Allianz MiCo in Milan. This innovative project, curated by fabric designer Rossano Bisio, transforms the creative inspirations from Filo's ‘Dialoghi Creativi’ into tangible fabric prototypes.

Cotton prices have declined by 0.91 per cent to settle at Rs 52,370, pressured by an upward revision in India's cotton production estimates. The Cotton Association of India (CAI) increased its 2024-25 output forecast by 2 lakh bales to 304.25 lakh bales, driven by a 6 lakh bale increase in Telangana’s production. However, North India is expected to see a 3.5 lakh bale decline.

Sagar Manufacturers, a leading Indian spinner, generated over 2,000 laydowns in a year using Uster FiberQ, delivering consistent yarn quality and optimized efficiency. The automated raw material management system provided a payback period of just three months, with improvements including better fiber utilization, fewer defects, and enhanced production efficiency.

Indian viscose yarn prices are on the rise, due to steady demand in the polyester-cotton (PC) yarn market. Experts attribute this trend to robust orders from textile mills producing blended fabrics for both domestic and international markets. In recent weeks viscose yarn manufacturers have seen order improvement, driven by the growing demand for mixed-fiber yarns used in garments and home textiles.