Textile Market News

Cotton yarn prices in South India have remained stable despite ongoing challenges such as subdued demand, labour shortages, and declining export orders.

The Tamil Nadu Spinning Mills Association (TASMA) has urged the Textile and Commerce Ministries to intervene and curb the rising imports of cheap viscose staple yarn (VSY) from China, warning that the inflow is threatening the viability of domestic spinning mills.

ICE cotton futures rose on Thursday, due to robust US export sales and dry weather forecasts in major growing regions.

The Bangladesh Textile Mills Association (BTMA) has welcomed the government’s move to ban yarn imports through land ports, saying it will strengthen the country’s textile industry and promote domestic value addition.

Better Cotton, the world’s largest cotton sustainability initiative, has launched a Multistakeholder Platform in Pakistan to boost collaboration across government, industry, donors, and academia and drive collective action toward a more sustainable cotton sector.

Breaking away from the traditional path of cotton ginners setting up spinning mills, Gujarat-based Saheb Fibre has entered the recycling space by converting post-consumer PET bottles into recycled polyester staple fibres.

Vietnam and India are ready to deepen collaboration in the textile and garment sector, with a sharp focus on yarn and raw material trade, as the US’ new reciprocal tax policy threatens to raise export costs for both countries.

Indorama Ventures Public Company Limited (IVL) is strengthening its position in the global yarn market as part of its IVL 2.0 strategy.

Rieter, the global leader in spinning systems for staple fiber yarn production, is marking 230 years of pioneering innovation in textile machinery.

The Campaign for Wool New Zealand (CFWNZ) has unveiled its 2024 Annual Report, marking an important year for the country’s wool industry.

US upland cotton exports to India have grown in recent months as tariff conflicts, weaker American prices, and rising Indian demand lead to trade shifts.

The Committee on Cotton Production and Consumption (COCPC), chaired by the Union textile commissioner, has recommended the removal of the 11 per cent import duty on cotton to ease supply constraints.

Bhilwara in Rajasthan, often called ‘Vastranagari’ is fast emerging as one of India’s leading textile hubs, with yarn and fabric exports alone valued at Rs 3,800 crore annually.

Pakistan’s cotton industry is reeling under a crisis that is deepening as 120 spinning mills and 1,200 ginning factories shut operations nationwide.

Cotton prices have rebounded after weeks of volatility triggered by tariff confusion and market misinterpretation. The nearby May contract closed above 63 cents, a key support level, signaling a return to stability.

ICE cotton futures increased on Monday, reversing early losses as bargain hunting and short covering lifted the market. The May 2025 contract climbed by 4.15 per cent to settle at 65.99 cents per pound, marking a strong rebound after recent declines.

After 18 years of meticulous research, Schneider Group has unveiled the world’s first bale of Superfine Argentinian Vicuna hailed as the ‘Fiber of the Gods’ and now the finest vicuna yarn ever produced.

ICRA has reaffirmed Sanathan Group’s long-term and short-term ratings at '[ICRA] A' and '[ICRA] A2+', respectively, while maintaining a ‘positive’ outlook. This reflects ICRA’s expectation of improved revenues and profit margins following the commercialisation of a new plant by the end of Q1 FY2026.