Nov 012010
 

Brazil, which is the largest country in South America and the world’s fifth largest country in geographical area and population is the sixth largest textile producer in the world. The textile industry is analyzed as $51 billion in 2010. In addition the textile industry employs 1.65 million employees and also represents 17.5% of the country’s overall GDP.

Brazil’s textile industry suffered from first increase in the cotton prices, second decline in the world supply, third 20-30% decrease in domestic cotton production due to drought then got hit by the contract defaults. Brazil’s import is expected to reach to 1.38 million bales this year with an increase of 150,000 bales when compared to last year. The 10% tariff put on cotton imports is already damaged the imports. The United States which is the biggest cotton exporter in the world already set the amount of cotton export as 900,000 bales to Brazil.

Cotton Prices Hit the Record High

China which is the biggest producer and consumer of cotton in the world got hit by the decrease in the cotton production this year. In 2009 the cotton output in China was 6.95 million tons, this year it is expected as 6.4 million ton with a deficit of 550,000 tons. According to a recent report the world’s overall cotton production will be 96,000 tons less than the previous forecasts which was 25.06 million tons.

The flood in Pakistan destroyed the 1.1 million acres of land that cotton grows, and then the weather in China affected the crop harvest. After all of these demand increased and supply decreased throughout the world, the cotton prices hit the record of $1.20 a pound in New York. The price of cotton is also expected to gain more value if the domestic and international supplies continue to decrease.

Oct 082010
 

In China, due to the bad weather, harvest of cotton is delayed, therefore there is a big increase in demand for cotton from textile mills. According to Department of Agriculture, US export increased 54% in upland cotton. China is the biggest buyer with 42%, the most of any country. Fiber prices increased around 61% in the past year.

According to Cotton Advisory Committee the world cotton production is expected to increase 16% to 25.2 million tons this year when compared to last year’s 21.8 million tons.

As the cotton prices are going up, the prices in the finished textile products are also going up. Some of the products affected include clothing, rugs, towels, bath textiles, curtains, and linens. According to a UK based clothing maker, the clothing prices can increase as much as 8% next year. They also added that the companies that have a very good quality line doesn’t want to add polyester-blends to cotton which will decrease the cost but also decreases the quality as well.

Oct 072010
 

A very well known UK based textile chain will be using two million recycled bottles to create three hundred million clothing care labels.

A very well known men’s apparel company has launched its new collection of men’s trousers made of Repreve recycled fiber. Repreve is a yarn made of recycled materials such as plastic bottles and manufacturing waste. Repreve fiber is being used in different industries such as home furnishings, office furnishings, hospitality, apparel, socks, and sewing thread, industrial, automotive, military and medical.

Repreve is a very good example of eco-friendly yarn that becomes widely used in different range of products world wide.

Oct 042010
 

First time since 1995 the price of one pound cotton passed 1 dollar. The demand from textile producers outpaced the supply, the global inventories are declining. China which is the leading producer and receiver in the world, may increase its imports due to a 13 percent decline in the cotton production. According to the chairman of Gill & Co. which is a Mumbai based trader, they are expecting a 10 to 15 cents increase in a pound of cotton in the next 15 to 30 days.

Cotton Prices are Doubled in Turkey

Turkey is one of the major towel manufacturers in the market. According to the president of chamber of commerce in turkey, 100% increase in cotton prices affected the textile market very deeply. Towel manufacturers and textile companies are having hard times even in giving prices to their potential customers. According to the president of ATEKS, a Turkish based textile company, white gold (cotton) has a very sharp increase in the world market and the production has to be strengthening in order to get better quality cotton. He also adds that the increase in cotton prices passed the increase in gold prices throughout the world.

Oct 032010
 

India which is the second largest exporter in cotton and cotton products such as towels, bathrobes and bath linens is getting a pressure from textile producers. They claim that the increase in demand for cotton already passed the supply and they are afraid of not having enough raw materials for themselves.

Therefore, they put pressure on the government in imposing an export ban on textile, however Indian government already imposed a partial ban but sector representatives are not happy. They say they are having hard times to get enough raw materials for their productions, and they would like from government to impose a ban entirely on export.