July 04, 2008


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Chemical fiber manufacturers cut production to offset lossesPaid Members Only
PSF fabric import intensifies in MayPaid Members Only
Polyester filament market continues the dull outlookPaid Members Only
Govt worries over decline in cotton productionPaid Members Only
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Perfect Filaments Private Limited was incorporated on 02/09/1994 and since then has grown manifestly. Today we have 9 Texturising Machines and are planning to add another 3 machines...


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Cotton imports likely to surge further in Vietnam

In keeping with the present market scenario, Vietnam is expected to import additional 11.4 percent cotton this year to feed its growing clothing and textile industry. Import from US is expected to rise to 1.06 million bales in the present year through August. Textile exports on the other hand is likely to rise by 23 percent to US $9.5 billion, of which $6.1 billion worth goods would be shipped to the US. Statistics reveal that last year nearly 31 percent of cotton in Vietnam was imported from US which is known to be the largest cotton supplier in the world. Cotton futures contract for December delivery rose 0.04 cents to touch 80.11 cents, besides, the most-active futures, which rose 0.8 percent this week, have increased 18 percent this year. Experts believe that this is due to less cotton sown by US farmers who opted for other profitable crops like wheat and soybeans instead.



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