Cotton

2023-24 Global Cotton Reserves To Be Highest In 83 Years

Textile Insights November 8, 2023

The International Cotton Advisory Committee (ICAC) has forecast that global cotton reserves in the 2023-24 season will be the highest ever projected in the 83-year history of ICAC data collection. With global production in 2023-24 projected to increase by 3 percent to 25.41 million tons and

Industry

TN Open-End Mills On Strike For Second Time in Four Months

Textile Insights November 6, 2023

For the second time in four months, Tamil Nadu open-end spinning mills will shutdown from November 7 to 30. Weavers in Tirupur and Coimbatore districts too have decided to go on strike from November 5. While speaking with the press, G. Arulmozhi, President of the Open-End Spinning Mills’ Association said there are 600 open-end spinning […]

Financial Results

HP Cotton Textile Mill Posts Turnaround In H1FY’24 Net Profit

Textile Insights November 6, 2023

Manufacturer of cotton yarns and sewing threads, HP Cotton Textile Mills reported a turnaround in net profit by posting a profit in the first six months of fiscal 2024 ending September 2023. The Haryana based company recorded a net profit of Rs 4.41 crores between April and September 2023, as compared to a loss of […]

Cotton

Brazil Seeks 100,000 Tons Duty Free Cotton Exports To India

Textile Insights November 3, 2023

A team of Brazilian government officials and cotton farmers is visiting India to request and negotiate a 100,000 metric tons import duty free quota of Brazilian cotton to India. This was informed in a statement released by the Brazilian Cotton Farmers Association (ABRAPA) earlier this week. ABRAPA added in the statement that the visit would […]

Cotton

India To Witness Lowest Cotton Production In 15 Years

Textile Insights November 1, 2023

In its first estimate of cotton crop output for the 2023-24 season, which began in October, the Cotton Association of India (CAI) has pegged it at 29.5 million bales of 170 kg each, the lowest in 15 years. These estimates are below that of the Indian agriculture ministry’s estimate of 31.6 million bales and also […]

Machinery

Trützschler China Celebrates Delivery Of 10,000 Carding Machines

Textile Insights September 16, 2023

The Trützschler Group’s wholly-owned subsidiary in China, Trützschler Textile Machinery (Shanghai) (TTMS) celebrated the landmark of delivering its 10,000th carding machine. The 10,000th carding machine was officially handed over to representatives from the world’s largest producer of cellulose yarn, Suzhou Zhenlun Textile. “As Trützschler’s largest customer in the Chinese

Cotton

Cotton Outlook Projects Reduced Global Output For 2023-24

Textile Insights September 6, 2023

Cotton Outlook’s forecast of global raw cotton production in 2023-24 has this month been reduced by 529,000 tons. The decline is attributed principally to weather-related losses in the United States, plus a smaller adjustment for the African Franc Zone, based on the latest planting data. Output in 2022-23, however, has been raised by 176,000 tons, […]

Machinery

Trützschler 12 Head Comber Offers 50% Higher Productivity

Textile Insights September 2, 2023

Trützschler has introduced an advanced technology comber, TCO 21XL which has 12 combing heads, instead of the standard eight heads, resulting in 50 percent more productivity, while also saving space. “Two heads are better than one, so just imagine what 12 heads can do! That’s the simple but effective idea behind the TCO 21XL,” the […]

Industry

Omax Cotspin Joins Sourcery’s Direct-to-Grower Programme

Textile Insights August 28, 2023

Gujarat based Omax Cotspin, a spinning mill manufacturing BCI, Fairtrade and recycled cotton yarn, has joined Sourcery’s Direct-to-Grower Programme that connects brands, manufacturers and growers who are committed to commercial and environmental excellence. Sourcery identifies and mitigates shared material and performance risks and cost inefficiencies to uncover

Cotton

CAI Estimates 2022-23 Indian Cotton Crop At 311.18 Lakh Bales

Textile Insights August 16, 2023

In its latest report, the Cotton Association of India (CAI) has retained its cotton crop estimate for the 2022-23 season at 311.18 lakh bales of 170 kgs each. The total cotton supply for the months of October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, […]