Manufacturing Industry

India will standardize cotton trade in the next season, but hurdles await

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Without a governmental extension, India plans to standardise its cotton trade strictly according to Indian Standard IS 12171: 2019. The Bureau of Indian Standards (BIS) has collaborated with ginners, merchants, and other vital stakeholders nationwide to implement the accompanying Quality Control Order (QCO) smoothly. Uncertainties exist in the business, however, since some players are unprepared …

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Poly spun, PC yarn farther down in Ludhiana and Surat; viscose stable

Poly spun, PC yarn farther down in Ludhiana and Surat; viscose stable

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Prices for polyester spun, polyester-cotton (PC), and viscose yarns fell owing to weak demand. PC and polyester spun yarn prices fell by 2-4 per kilogram in the Ludhiana and Surat markets. In the face of sluggish demand, the price of viscose yarn remained steady. Recycled polyester staple costs have also dropped; virgin polyester staple fiber …

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Turkiye's garment exports to Azerbaijan have increased by 150% in five years

Turkiye’s garment exports to Azerbaijan have increased by 150% in five years

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A protocol modifying the Preferential Commerce Agreement (PTA) between Azerbaijan and Turkiye was signed, demonstrating Azerbaijan’s confidence in the continued expansion of bilateral commerce. Turkiye’s clothing exports to Azerbaijan have increased significantly over the past five years, increasing by more than 150%, and its fabrics exports have also increased considerably. Turkiye is finding increasing success …

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PMI drops to 3-month low in April, harming UK manufacturing

PMI drops to 3-month low in April, harming UK manufacturing

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According to S&P Global, the UK’s seasonally adjusted purchasing managers’ index (PMI) dropped from 47.9 in March to a three-month low of 47.8 in April 2023. It was, however, higher than the 46.6 flash estimate from earlier. Production, new orders, employment, and inventories of purchases—the five components of the PMI—all showed deteriorating operational conditions. Lead …

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Top challenges to global growth, according to a survey, are inflation and geopolitics

Top challenges to global growth, according to a survey, are inflation and geopolitics

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In a global poll on economic circumstances conducted by McKinsey in March, respondents identified inflation and geopolitical instability as the two biggest dangers to economic development. The COVID-19 pandemic is no longer seen as a significant macroeconomic danger. Even respondents in Greater China, who have expressed excessive worries about the economic repercussions of the epidemic, …

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Australian cotton harvesting is in progress, showing promise

Australian cotton harvesting is in progress, showing promise

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With the help of dryer and warmer temperatures since Christmas, picking has started in much of Australia’s cotton-growing area, suggesting that the flooding and farm damage late last year may not have been as disastrous as initially thought. Even though the effects varied from state to state and region to region, some farmers were forced …

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April saw the lowest cotton prices in Brazil since January 2021

April saw the lowest cotton prices in Brazil since January 2021

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In the first two weeks of April, cotton prices in Brazil continued to decline and nominally fell to levels last seen in January 2021. The lower export parity value brought on the pressure, the significant seasonally high surplus, and projections for even greater output this year. Despite this, according to the Centre for Advanced Studies …

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Cotton industry requests exemption from 11% import tariff to Indian government

Cotton industry requests exemption from 11% import tariff to Indian government

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The textile sector has petitioned the Indian government to waive cotton’s 11% import charge. The levy on cotton imports was established by the Indian government three years ago. At the time, it made sense because Indian cotton was less expensive than cotton from other nations. The situation has now changed, with Indian cotton currently costing …

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Italy's Italia Technology Alliance purchases Sadas

Italy’s Italia Technology Alliance purchases Sadas

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Sadas, a Lucca-based business specialising in system integration, automation solutions, and industrial plant electrification, has joined the Italia Technology Alliance (ITA Holding) Group. The goal of this operation is a component of ITA’s larger expansion strategy, which has lately seen the introduction of other businesses involved in software development, industrial automation, and process digitisation. The …

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New technology will be introduced by Radar at American Eagle shops

New technology will be introduced by Radar at American Eagle shops

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American Eagle Outfitters (AEO) plans to roll out Radar’s inventory-tracking technology in about 500 American Eagle stores across the US over the course of the following year, according to the company’s announcement. Radar is a technology platform that equips brand teams with the inventory knowledge they need to improve the in-store customer experience. Retail store …

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