Ethiopia's export to China witnessed a steady growth amid booming bilateral trade and investment cooperation, according to Chinese ambassador to the country Zhao Zhiyuan, who recently said Ethiopia's exports to China increased by 8 per cent in 2021 compared with 2020 as new foreign direct investment (FDI) from Chinese companies grew by 346 per cent.The value of newly signed contract projects by Chinese companies in Ethiopia was up by 25 per cent in 2021, Zhao said.Zhao made the remarks d

The scorching heat wave in North and central India may dent cotton production for the next marketing season beginning October 1. Cotton is sown between mid-April to mid-May in most parts of North India, and also in Tamil Nadu and some adjoining areas. But temperature in north India began to rise abnormally since March, which turned to heat wave in mid-April.Lower production and global price rise pushed up domestic cotton prices above to ₹100,000 per candy of 356 kg last week. This is likely to a

In the 2ndhalf of March 2022, the International Textile Manufacturers Federation (ITMF) conducted the 13thITMF Corona-Survey amongst more than 220 companies around the world in all segments along the textile value chain. For the sixth time since May 2021, companies were asked the same set of questions about their business situation, business expectation, order intake, order backlog and capacity utilisation rate.In addition, they were asked about their main concerns and whether and to what extent

The government wanted to enhance exports to China by removing barriers and providing the requisite support, recently Bangladeshi exporters of leather and leather goods have suggested quality enhancement of leather and leather goods.Figure: The commercial consultant suggested setting up outlets of Bangladeshi brands in China and hiring agents for marketing, promotion and advertising to increase the export of leather goods and footwear.The Ministry of Commerce has recently sought advice from the B

Nowadays, the cotton yarn trade remained weak in markets of southern India, because the spinners tried to maintain yarn prices at a higher level, but buyers were not willing to buy yarn at higher prices.The matter is the weaving and garment industries are unable to find any takers for costlier products, also powerlooms are running at very low capacity.Figure: The cotton yarn trade remained weak in markets of southern India, because the spinners tried to maintain yarn prices at a higher level, bu

Fashion retailer Primark has promised to train another 125,000 small cotton growers in more sustainable practices by the end of 2023 in India, Pakistan, and Bangladesh.Already this initiative has trained about 150,000 farmers, of whom about 80% are women.Figure: Fashion retailer Primark has promised to train another 125,000 small cotton growers in more sustainable practices by the end of 2023 in India, Pakistan, and Bangladesh.This latest move represents a major commitment of the company as it w

The total profit of Chinese industrial enterprises above a designated size was 1,955.57 billion yuan between January and March, a year-on-year (YoY) rise of 8.5 per cent. Among industrial enterprises above a designated size, state-owned holding enterprises achieved a total profit of 706.85 billion yuan during the same duration, an YoY rise of 19.5 per cent.In the same period, Chinese joint stock enterprises witnessed a total profit of 1,439.63 billion yuan, an increase of 14.4 per cent; the tota

The prices of polyester-cotton (PC) yarn decreased by ₹2-5 per kg in north India’s knitwear hub of Ludhiana today due to lower demand from fabric producers and garment industry. However, according to traders, the lower arrival of cotton will change market dynamics and the PC yarn is likely to see better demand in first week of next month.A trader toldFibre2Fashion,“PC Yarn prices slipped by up to ₹5 per kg because demand from downstream is still very poor. But lower cotton arrival can change the

The market for recycled textiles is growing rapidly – because fashion is faster than ever, environmental regulations are stricter than ever, and the consumer focus on sustainability is sharper than ever. That is why companies around the globe are seeking solutions to the key challenges involved in turning textile waste into high-quality yarn. Truetzschler is now launching an intelligent card that is specifically designed for this application. It has called the TC 19i for Recycling.Sustainability

The US Department of Agriculture (USDA) has forecast cotton production in Bangladesh for marketing year (MY) 2022-23 to be 155,000 bales--up by 2.6 per cent over MY 2021-22—and imports at 8.9 million bales. Cotton harvested area is projected at 46,000 hectares for this MY, up by 2.2 per cent over MY 2021-2022. Indian cotton took 29 per cent market share in 2021, followed by Brazil, Benin and the United States.In 2021, Bangladesh’s readymade garment exports reached a record high of $35.81 billion