Textile Market News

ICE cotton futures increased over 2 per cent, due to weak US dollar and higher export sales. A declining dollar index, which slipped 0.4 per cent to its lowest level since November 2024, made cotton more attractive for overseas buyers. Stronger demand and rising US cotton exports further lifted sentiment.

Cotton Connect, a UK-based social enterprise focused on sustainable textile supply chains, is set to launch a pilot project on Kasturi Cotton in Gujarat or Maharashtra. The company is also exploring opportunities with Suvin cotton in southern India, CEO Alison Ward said.

Empowered by CITI-CDRA, women cotton farmers are revolutionizing cultivation practices, driving a shift towards sustainability and increased yields. Embracing High-Density Planting Systems (HDPS), regenerative agriculture, and advanced pest management, these farmers are transforming traditional methods.

The Cotton Association of India (CAI) has reduced its cotton pressing estimate for the 2024-25 season to 295.30 lakh bales of 170 kg each, down by 6.45 lakh bales from its previous projection. The revision is based on inputs from 11 state associations and trade sources. Gujarat and Maharashtra saw the largest reductions, with reductions of 4 lakh and 3 lakh bales, respectively.

Bizpando AG, in partnership with the Aid by Trade Foundation (AbTF) and the International Cotton Advisory Committee (ICAC), has launched a project to promote carbon credits in cotton production. The initiative aims to support African smallholder farmers with sustainable farming techniques and digital solutions to improve soil health, sequester carbon dioxide, and generate additional income.

Sanathan Textiles, through its subsidiary Sanathan Polycot Private Limited, has acquired 80 acres in Wazirabad, Punjab, to establish a greenfield polyester yarn manufacturing facility.

Uttar Pradesh’s textile industry is witnessing rapid growth, with a strong focus on yarn production and weaving. The sector supports 1.91 lakh handloom weavers and over 80,000 families, while 5.50 lakh weavers operate 2.58 lakh powerlooms, driving yarn demand across the state.

Usha Yarns Ltd, a leader in sustainable textile production, has received the prestigious Belleo certification for its high-quality recycled yarns, produced using Saurer BD semi-automatic rotor spinning machines. This achievement highlights the company’s commitment to innovation, sustainability, and technological excellence.

In a major agricultural breakthrough, scientists at CSIR-NBRI, Lucknow, have developed the world's first genetically modified (GM) cotton that offers complete resistance to the Pink Bollworm (PBW), a pest that severely impacts cotton crops in India, Africa, and Asia.

The global home textile retail market is set to expand by $74.7 billion from 2025 to 2029 at a 6.6 per cent CAGR, driven by product innovation, premiumization, and expanding distribution, according to Technavio.

The Tamil Nadu government has approved eight new mini textile park proposals in Karur district under the Tamil Nadu Mini Textile Park Scheme, Electricity Minister V Senthilbalaji announced.

Pakistan’s cotton production has suffered a severe blow, with output dropping 34.17 per cent to 5.524 million bales this year, down from 8.393 million bales last year, according to the Pakistan Cotton Ginners Association (PCGA) report.

The Regenerative Cotton Standard (RCS) is driving positive change in Maharashtra, India, after its first harvest.

The Cotton Corporation of India (CCI) has procured 94 lakh bales under the Minimum Support Price (MSP) scheme as prices remain below MSP due to weak demand, says CCI Managing Director Lalit Kumar Gupta.

Alok Industries, backed by Reliance Industries Limited (RIL), is redefining the global yarn market with cutting-edge innovation and sustainability.

North India's cotton industry is in crisis, with pest infestations reducing yields and cultivation areas. In Punjab, cotton acreage fell to one lakh hectares in 2024 from eight lakh hectares three decades ago. The ginning industry has suffered, with operational units reducing from 422 in 2004 to just 22.

The 63rd edition of Filo, the International Yarns and Fibres Exhibition, wrapped up in Milan with positivity, showcasing innovation, sustainability, and high-quality collections. Despite global economic uncertainties, buyers engaged actively, particularly appreciating the Filo Capsule Collection fabric samples made with top-tier manufacturing techniques in collaboration with Tessitura Zanello and Ricamificio Vittorio Vanoni.

The global cotton yarn market is set to continue its upward movement over the next decade, with increasing demand from the Asia-Pacific region, says a report by IndexBox. The market is projected to grow at a compound annual growth rate (CAGR) of +0.5 per cent in volume, reaching 19 million tonnes by 2035. In value terms, the market is expected to expand at a CAGR of +1.3 per cent, reaching $72.7 billion by 2035.

China has imposed a 15 per cent tariff on US cotton imports, escalating trade tensions after the US doubled duties on Chinese goods. The new tariffs, effective March 10, also cover wheat, corn, and chicken, while soybeans, pork, beef, and dairy will face a 10 per cent duty, China’s finance ministry stated.