Explore ideas, evidence and developments across the textile value chain.
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Prices18 Aug 2017A comprehensive weekly round-up and analysis of price developments at the major wool auctions around the world.
Prices18 Aug 2017The third sale of the 2017/18 UK wool season, held on August 15, offered 1,730,497 kg.
The South African wool market opened to a flying start at this week’s sale, held on August 15-16, with the Cape Wools Merino Indicator increasing by a phenomenal 3,036 points (19.8%) to close at a value of R183.50 (Clean).
Artemis Capital Partners, a Boston-based private equity firm focused on leading industrial technology companies, announced yesterday that it has led the acquisition of StanChem Incorporated, a specialty chemicals manufacturer based in East Berlin, Connecticut, US.
Prices15 Aug 2017The negative impact of flooding in Gujarat a couple of weeks ago is still being felt, as India’s cotton fibres and yarns prices remains high. The USDA is expecting higher competition for existing cotton supply in China relative to 2016/17 market year as its stock-use ratio drops due to large drop in initial reserves in 2017/18 market year, relative to the year before. This is despite an expected increase in domestic production. Production deficit is expected to squeeze, while trade balance is expected to remain the same. The drop in PKR against the dollar has meant more competitive textile exports, but higher costs of imported inputs. Pakistan’s textile industry has been relying more on imported inputs, so it is struggling to cope with higher costs. Already 30-40% of inefficient firms have closed down. High taxes are causing issues in liquidity – which could have been used to boost investment and increase productivity in the textile export sector.
