Textile Market News

Australian wool auctions revealed a complex situation. A stronger Australian dollar reduced profits for local sellers despite steady participation from traditional buyers.

Spinnova and Tearfil have launched a joint R&D yarn spinning line in Portugal to accelerate development of Spinnova's sustainable Spinnova fiber.

Loop Industries and Ester Industries are joining forces to build a $165 million recycling plant in India. The facility will use Loop's technology to convert polyester waste into its chemical building blocks, DMT and MEG, for use in specialty polymers.

The Italian wool industry is proposing the creation of global standards for wool traceability and sustainability. This proposal was made by the Italian Wool Section of Sistema Moda Italia (SMI), which represents the entire Italian wool pipeline, from yarn to garments.

A new study reveals challenges in enforcing a US law banning cotton linked to forced labor in China's Xinjiang region.

Textile Fairs India (TFI), a leading textile trade show in India, is set to hold its 30th edition (Yarnex), 31st edition (F&A Show), 3rd edition (Homtex), and 4th edition (DyChem Texprocess Show) on May 9-11, 2024, at the Bombay Exhibition Centre in Mumbai.

The Lenzing Group, a leader in wood-based specialty fibers, recently held a conclave in Varanasi, India.

Eastman unveiled their latest sustainable advancement in textiles, Naia Renew ES staple fibers, at a recent fashion expo in Shanghai. This fiber boasts of 60 per cent recycled waste content, aiming to reduce reliance on virgin materials and address environmental issues.

Century Textiles & Industries share price dropped 4.4 per cent after reporting a decline in net profit for Q4 FY24.

Textile manufacturers can now achieve greater energy transparency and reduce costs with the new Energy Efficiency Solution from Karl Mayer Group.

Better Cotton, a sustainability-focused cotton initiative, will assess cotton farming in West and Central Africa.

BASF showcased a range of innovations at Techtextil that promote circularity and sustainability in textile production.

The Lycra Company has launched Lycra One, a digital B2B marketplace designed to connect brands, retailers, and garment makers with mills across South Asia. This platform offers several benefits for all stakeholders in the textile industry.

India's textile industry, once a global leader, is looking to reclaim its throne. The government is considering a plan to increase domestic production of synthetic yarns, a key area where China dominates.

The National Council of Textile Organizations (NCTO) has urged the US government to strengthen domestic textile industry and counter unfair trade practices by China.

In a move to bolster the linen industry and enhance exports, the Indian government has announced an increase in duty drawback rates for linen products made from cotton and blended fibers.

ICE cotton prices finally reversed course on Friday, snapping a five-week losing streak.

India, the world's second-largest cotton producer, faces a water crisis. Hotter summers, unpredictable monsoon rains, and low reservoir levels threaten crops.