Owing to fierce competition between agents in the Brazilian market, the Center for Advanced Studies on Applied Economics (CEPEA)/ESALQIndex, with payment in 8 days, decreased 1.4 per cent in August 2019, closing at 2.4698 BRL per pound on August 30. The average Index in August, at 2.4667 BRL per pound, is six per cent lower compared to July 2019.Pic: Shutterstock"As cotton processing and the deliveries of the cotton purchased through term contracts advanced in Brazil in August, some higher

Hong Kong-based apparelEsprit has said it will stop sourcing from a garment unit located in an industrial park linked to Myanmar's military in a recent United Nations. The report by the UN International Fact-Finding Mission (FFM) on Myanmar identified two industrial zones owned by military conglomerate Myanmar Economic Holdings Ltd. (MEHL).Pic: ShutterstockOther brands, including H&M and Bestseller, have said they will assess the situation. The UN has urged international companies to cut

It was expected that Bangladesh textile and apparel industries will receive more foreign direct investment (FDI) in 2018 than the previous year. But unfortunately, the FDI downed by 3.24 percent from the previous year in 2018.While total FDI in the country saw a 68% rise to $3.61 billion, Bangladesh textile and apparel sector received $408 million, which is down by $13 million than last year.As per Bangladesh Bank (BB) data, Hong Kong was the largest investor with an investment of $83 million in

Textile and garment machinery imports declined by 11% to $1.42 billion in the last fiscal year, thanks to stagnation in investment.According to Bangladesh Bank (BB) data, in the fiscal year 2018-19, Bangladesh’s imports of textile and garment machinery have registered an 11.04% decline of $1.42 billion, which was $1.60 billion the in the previous year.Figure: A rise in production cost, lack of new investment and expansion of the existing businesses are the main reasons behind the downward trend.

(Nasdaq: KRNT), a worldwide market leader in digital textile printing technology and, the self-expression global e-commerce company, announced an expanded partnership for Spreadshirt to grow and renew its fleet of DTG printers to support increased demand and to expand into new categories, says a recent press release.Figure: Spreadshirt has purchased Kornit Atlas systems, to be installed at multiple sites internationally.Spreadshirt, a global on-demand apparel brand printing more than 5.5 million

Textile and garment machinery imports declined by 11% to $1.42 billion in the last fiscal year, thanks to stagnation in investment.According to Bangladesh Bank (BB) data, in the fiscal year 2018-19, Bangladesh’s imports of textile and garment machinery have registered an 11.04% decline of $1.42 billion, which was $1.60 billion the in the previous year.Figure: A rise in production cost, lack of new investment and expansion of the existing businesses are the main reasons behind the downward trend.

Ashraful Islam, Research Assitant, Textile FocusBangladesh and Vietnam have been the largest garments exporters to the world in the past decade after China. And the competition between Bangladesh and Vietnam is becoming intense day by day as both countries have been registering steady export growth and working relentlessly towards sustainability practices. The unprecedented growth of the two countries as a garment exporter is an aftermath of ‘China Plus One’ policy taken by the big brands operat

Bigger than ever before, Gartex Texprocess India witnessed intense networking as it brought together 180 exhibitors from four countries and 10,390 trade professionals from 290 cities and six countries under one roof this month. Multiple zones and focused business segments on the show floor ensured that the fourth edition brought together stakeholders of textiles and garment industry for cross-sector, creative and collaborative interactions.Gartex Texprocess proved to be strong for the sector as

Stating that declining exports oftextiles, particularly yarn and fabric, is a matter of deep concern, The Cotton Textiles Export Promotion Council (Texprocil) has said that spinning and weaving sectors need urgent policy support. Extension of ROSCTL to cotton yarn and fabric, and 3 per cent Interest Equalisation to cotton yarn would be helpful.Cottonexports continued their downward spiral declining by 24.5 per cent during April-July 2019. The provisional data for the first three weeks of August

World-renowned denim brand Guess invited the Los Angeles community to celebrate the launch of Guess Sport in Los Angeles with a two-day event at the brand’s downtown L.A. headquarters. According to a press release from the brand, the lot was transformed into an immersive, experiential playground to launch a capsule collection from Guess Sport.The new collection showcases graphics and designs from the Guess archives and includes pieces for both men and women. Ranging from 40 USD to 110 USD, the c