| India : Traders seek duty sops for knitwear exports (September 21, 10)|
Tirupur Exporters Association (TEA) has urged the finance minister to increase the duty drawback rates to 10% so as to protect knitwear exports.
| Faisalabad : Yarn market turns sluggish due to floods (September 20, 10)|
Yarn market appears down as real buyers are missing. Its main reason is flood and damage to main roads between Khyber Pakhtunkhwa, Punjab and Sindh. Dullness was seen on the yarn market, in the absence of proper interest by both the buyers and sellers. In the local yarn markets where rates of almost all the yarn brands and counts have gone down by four percent during the last 15 days. Due to flood the crisis is back on the cotton market with prices soaring to excessively high levels. This is triggering a rise in yarn prices in China, India and Pakistan, although less dramatically, as many spinners previously covered their raw material needs at lower prices. China is apparently getting a competitive advantage.
| India : Cotton arrival to gather pace by mid-Oct, but traders prefer to wait (September 20, 10)|
Cotton arrival into the mandis of north and west India has begun but is expected to pick up pace only in mid-October. While farmers look ahead for a good year as the crop was sold in north Maharashtra for `4,000 a quintal during the muhurat buying on September 11 (Ganesh Chaturthi), most traders are willing to wait till November hoping that a good production will tame prices.
| India has missed the target set for silk export earnings in 2009-10 because of falling shipments to the US, a major importer of Indian silk materials. (September 20, 10)|
India has missed the target set for silk export earnings in 2009-10 because of falling shipments to the US, a major importer of Indian silk materials.
| India : Exporters urge govt. not to cut duty drawback rates (September 20, 10)|
Exporters Saturday urged the central government to defer its decision to cut duty drawback rates, saying it would negatively affect exports of items like textiles, leather and handicrafts.
| Trade appreciates Business Networking Forum at Yarnex (September 18, 10)|
A plethora of new product launches and promotions as well as the Business Networking Forum, said to be the first of its kind to be held in Tirupur, were the major highlights of the second edition of the three-day Yarnex – India International Yarn Exhibition that concluded on September 5, 2010. “The only sourcing event of this calibre and stature to be held in Tirupur, Yarnex 2010 featured yarn and fiber suppliers from all over India, besides China, Pakistan, Hong Kong, Germany, Israel and Switzerland, amongst them many first-timers,” said Mr P. Krishnamurthy, CEO, SS Textile Media Pvt Ltd., organizers of the show.