Textile Market News

Cotton farmers in Khammam, Telangana, are concerned about traders buying cotton below the Minimum Support Price (MSP) set by the central government.

Eight talented designers from around the world have been selected as finalists for the 2025 International Woolmark Prize. This prestigious award recognizes innovation, sustainability, and creativity in fashion design.

President Joe Biden has implemented a Section 201 safeguard measure on fine denier polyester staple fiber (PSF) imports following a US International Trade Commission finding of serious harm to domestic producers.

British Wool celebrated a series of record-breaking achievements at its recent AGM and annual conference.

Union textiles minister Giriraj Singh met over 150 textile manufacturers and exporters in Panipat, Haryana, addressing key challenges faced by SMEs in the region.

The International Cotton Advisory Committee (ICAC)’s 82nd Plenary Meeting in Tashkent, Uzbekistan ended successfully from September 30 to October 3, 2024, brought together 460 delegates from 15 member governments, nine international organizations, and seven non-member countries.

Nylon Filament Yarn (NFY) market, a key sector in India’s textile and industrial fabrics, is projected to grow at 3.23 per cent CAGR to 52,440 metric tons by 2030.

As of November 14, 2024, daily cotton arrivals across India for the 2024-2025 season was 1.55 lakh bales (26,486 metric tonnes), according to the Cotton Association of India (CAI).

The cotton corporation of India (CCI) has initiated procurement at the minimum support price (MSP) in five states as cotton market prices remain low.

Grasim Industries reported a 66 per cent drop in consolidated net profit to Rs 390 crore in Q2FY25, attributed to poor demand in its paints division and lower cement business margins.

Prominent textile manufacturer Nitin Spinners, reported a substantial 33 per cent increase in standalone net profits for the September quarter.

A high-profile roadshow in Dubai on November 12th successfully promoted Bharat Tex 2025, a global textile event.

Better Cotton has partnered Uzbekistan’s agricultural and textile authorities on a strategic roadmap to enhance sustainable cotton production under the Better Cotton Program.

ATE and UNITEX, two industry leaders, are collaborating to significantly boost the adoption of circular knitting machines in India.

Global cotton markets has seen a period of relative stability over the past month, with only minor price fluctuations.

Sambandam Spinning Mills reported a revenue increase for Q2 FY24, though it posted a net loss.