AGP Executive Report
Last update: 5 hours agoCotton Cost Pressure: India’s textile makers are bracing for margin hits as cotton yarn prices jump 60% to about Rs 400/kg, with exporters urging steps to curb yarn exports and extend import duty relief amid a reported cotton shortfall. Recycled Materials Push: Rungta Greentech raised a second investment round to scale food-grade rPET, recycled HDPE/PP and textile-to-textile recycling, betting on higher-value circular inputs. Hemp Value-Chain Reality Check: New Zealand hemp fibre expansion plans in Mid Canterbury are being slowed by investors pulling out, with operators calling for “patient” capital to build new fibre and export value chains. Supply-Chain Snags in Spinning: Ambika Cotton Mills flagged a shipping delay for imported machinery tied to a 6,480-spindle expansion, with installation and commissioning the remaining step. Dye Capacity Boost: Shree Pushkar Chemicals started commercial production at its Unit-5 dyes segment, adding 6,000 MTPA to meet speciality dye demand. Policy & Trade Signals: Nigeria secured AGOA extension to 2028, while manufacturers also pushed for industrial energy security and grid fixes to protect competitiveness. EU Procurement Scrutiny: A watchdog warns new EU public procurement rules may still fall short on mandatory human rights and environmental safeguards. Craft & Fashion Recognition: Philippines named new national artists including designer Patis Tesoro, underscoring design and textile-linked cultural work.
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