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Cotton & MMF – Outlook 2020
After registering a decline of about 9 per cent in cotton season (CS) 2018-19, India’s cotton production is likely to witness a double-digit growth of about 16 per cent in CS 2019-20 with production at 6.6 billion kg during the year on back of favourable monsoon as well as increased MSP that led to increased cotton crop sowing. For CS20, the acreage under cotton is estimated to have marginally increased by about 1.3 per cent to 12.8 million hectares.
India dreams of capturing 8-9 per cent of the total global trade by 2020, however looking at the present scenario, it may capture a share of only 5-6 per cent by 2020.
2019 in review: The year that was
The production of the Textile Engineering Industry (TEI) recorded a decrease of 1 per cent viz. Rs 6,865 crore in 2018-19 as against Rs 6,900 crore achieved during 2017-18.
Interesting dimensions of ahimsa silk
Our country has strong roots in producing textiles and accessories in eco-friendly manner. One such is the silk fabric, which is extracted from nature and has the qualification to get into nature after its life cycle.
Prada launches Re-Nylon project
Prada has announced that the company has launched Re-Nylon, a new project introducing the iconic Prada bags executed in a new regenerated nylon, Econyl, produced by the textile yarn producer, Aquafil. Prada is an Italian luxury fashion house, specialising in leather handbags, travel accessories, shoes, ready-to-wear, perfumes, and other fashion accessories.
Thies dyeing range
From November 25-28, 2019, Thies GmbH & Co. KG presented at the ShanghaiTex 2019 at stand A05 in hall W1. Thies concentrates on sustainable product solutions and focuses on the development of innovative, intelligent and integrated concepts for fibre, yarn and fabric dyeing.
Global yarn output up 17%
Global yarn production increased by +17 per cent between Q4/18 and Q1/19. Higher output levels where observed in Asia (+18 per cent), Brazil (+18 per cent), the USA (+3.2 per cent) and Europe (+1.6 per cent).