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GLOBAL WOOL DEMAND
In the 1960s, New Zealand sheep farmers expanded wool production as the industry flourished. Years later, growing global demand for natural fibres and rising synthetic fabric costs produced an unexpected comeback, making wool profitable again after years of declineThe wool industry in New Zealand is bouncing back after enduring decades of challenges. An increase in synthetic fabric costs has sparked g...- A historic heat wave catches Europe's fashion industry unpreparedParis Fashion Week attendees battled sweltering heat, with ice packs becoming the hottest accessory. Historic venues, lacking adequate air ...
- A warning to critical minerals buyers: Avoid butter mountains, aluminium floodsWestern nations are investing heavily in critical minerals to reduce dependence on China. However, experts warn this could lead to a surplu...
- Unbelievable 600% rally in one day! Allbirds shares skyrocket as sneaker-maker plans AI pivotAllbirds shares skyrocketed nearly 600% in a single session after the footwear brand unveiled a dramatic pivot to AI compute infrastructure...
- How is a 1:4.5 human-sheep ratio a problem in the making for New Zealand? All you need to know!New Zealand's sheep population is decreasing. Land use changes to dairy and forestry are key reasons. Economic factors, like lower wool pri...
- Saint Gobian investing Rs 8,000 cr in India to meet growth targets, aims 10% growth in FY24"Saint-Gobain India is performing very well in India in terms of growth, profitability, expansion, sustainability, digital and people talen...
- The search for a perfect pair of shoes takes a man around the worldUsing wool and recycling PET bottles, Neeman’s has been able to carve a space for itself in the niche sustainable footwear space. Now it is...
- Unsuited to new era post coronavirus? Fate of formal fashion hangs by a threadMost people in "white-collar" jobs are working from home, with a newfound love of sweatpants, a trend that some experts expect to outlive t...
- Raymond, India’s top suit-fabric maker, cuts jobs as people work from homeThe Mumbai-based company is reducing jobs, rents, and marketing costs to decrease expenses by as much as 35% for the financial year started...
- Govt allows export of non-medical, non-surgical masksThe directorate general of foreign trade (DGFT) said in a notification that it has amended an earlier order to “allow the export of non-med...
- High wool prices to squeeze margins of winter fabric makersAustralia is leading producer of wool while China is the largest buyer. “Drought in Australia has impacted the livestock and also productio...
- Textiles Minister Santosh Gangwar to launch Pashmina Promotion Programme tomorrowGangwar will launch Pashmina Promotion Programme & lay foundation stone of a Pashmina Dehairing Plant at Leh tomorrow, seeking to develop c...
- The welcome sort of Indian revivalismIndian textile exports, estimated at $40 bn for 2013, have now reportedly overtaken those from Germany and Italy to emerge the second large...
- Cut in duty drawback rates to impact engineering sector: CIIExpressing concern over cut in duty drawback rates for sectors like engineering, CII today said the move would erode competitiveness.
- Recession in US and EU: Home demand bails out apparel companies from global slumpIndian woolen apparel manufacturers are focusing on growing demand from affluent customers in the domestic market for high-end products due...
- Woollen-wear Mart turns hot as yarn prices rise 60% in one yearWoollen clothes will become expensive by up to 30% this winter as wool yarn prices have risen by 60% in the last 12 months.
- Wool rallies to 16-year high in AustraliaWool prices in Australia, the world's biggest producer and exporter, may extend gains from the highest level in at least 16 years before ne...
- Wool exporters seek cut in duty on wool wasteThe Wool and Woolen Export Promotion Council (WWEPC) has sought reduction of import duty on wool waste from 15 per cent to 5 per cent and a...
- China emerging as global wool processing centreChina, dubbed as the world's factory, is also emerging as a new global wool processing centre but at the cost of environmental degradation,...
- Kashmir goes digital to check shahtoosh tradeAuthorities in Kashmir are using modern technology to check trade in shahtoosh products made from the fur of an endangered Tibetan antelope.
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