1. European Association
Backs Safeguards for Sustainable Textiles in EU
The European Man-made Fibres
Association (CIRFS) has urged the European Union (EU) Parliament and
Commission, along with member states, to swiftly take action to reduce energy
and electricity costs, use revenues from the EU Emissions Trading System (ETS)
to assist the transition to carbon-neutral industries, and establish a single
market for waste and recycling in Europe.
In a letter addressed to the
EU Parliament, CIRFS Director General Frederic Van Houte outlined several
recommendations to promote sustainable textiles while enhancing competitiveness
and safeguarding Europe's industrial base. He stressed the need for renewed
focus on Europe's industrial policy to achieve the Green Deal’s ambitious
goals. (Read More)
2. Europe’s Textile Sorting,
Recycling Industry Faces Crisis
EuRIC Textiles, a branch of
the European Recycling Industries' Confederation (EuRIC), and Municipal Waste
Europe (AISBL) have reported that the textile sorting and recycling industry in
Europe is facing immense pressure due to an oversupply of used textiles and a
sharp decline in demand from traditional export markets.
The organisations cited
issues such as the war in Ukraine, logistical challenges in Africa, and the
rise of ultra-fast fashion as contributing factors. They highlighted a
significant decrease in the volume of used textiles traded between the EU and
non-EU countries, with a sharp drop in exports from Germany to Ghana, a key
market. Prices for secondhand textiles have plummeted, while collection,
sorting, and recycling costs have surged. (Read More)
3. Cotton Prices Drop Amid
Weak Demand and Payment Constraints in Yarn Markets
Cotton candy prices have
fallen by 0.26%, settling at ₹57,270 per bale, pressured by weak demand in the
yarn markets and payment constraints. The USDA lowered India's cotton
production forecast for the 2024-25 season to 30.72 million bales, citing crop
damage from excessive rains and pest infestations, while global production is
expected to rise.
India’s lower cotton
production has reduced exports, and imports are projected to increase, which is
supporting global prices. Despite lower Indian output, global production
increases in China, Brazil, and Argentina are expected to offset declines in
the U.S. and Spain. (Read More)
4. Cotton and Soya Farmers Concerned About Yield and Price Hit Due to Cyclone
Farmers in Adilabad, India,
are worried that foggy weather conditions and unexpected rains will affect the
cotton price during the current Kharif season. Cotton absorbs more moisture
than the 8% limit allowed by the Centre, leading to price cuts by traders.
Deepak Reddy, a local farmer, shared concerns about crop damage from excessive
rain affecting cotton flowering and yield.
Officials at the Adilabad
agriculture market have postponed commercial activities due to the cyclone, and
farmers are being advised to dry their cotton to reduce moisture content before
bringing it to market. Both cotton and soya farmers are facing reduced minimum
support prices (MSP) due to high moisture content in their crops. (Read More)
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