During trading session at leading stations of lint market in Punjab and Sindh, buying remained firm with demand for better grades of cotton which fetched a premium price. Buyers purchased better grades of cotton above Rs 7,675 per maund and deals for second grade of lint changed hands above Rs 7,475 per maund. Mills bought better grades of cotton at around Rs 7,525 per maund while spinners purchased better stocks at around Rs 7,525 per maund. The ginning units produced better grades of lint o

The Bangladesh government imposed the ban on raw material exports on January 18 without any consultation with the Bangladesh Jute Association which they said that it should be withdrawn soon for the sake of the jute industry. The Association yesterday strongly protested the ban on raw jute exports, stating that the move would restrict overseas sales of the natural fibre and discourage growers. Moreover, the relationship between buyers and local exporters will also face a blow, as the ban w

Teijin Frontier Co., Ltd., the Teijin Group's fibres and products converting company, announced today that it will promote its ongoing expansion in the global sports market by participating in ISPO Munich, the world’s biggest sportswear exhibition, which will take place at Messe München from January 28 to 31. The company’s booth (Hall: C4, Booth: No.103) will showcase highly-functional materials that the company says offer excellent combinations of comfort and performance for sportswear. The

Multilateral agency says economic momentum to moderate gradually China's year-on-year GDP growth is projected to reach 6.6 percent this year, 0.1 percentage point higher than its previous forecast, the International Monetary Fund said in its latest report released on Monday. Analysts said export growth will continue to be a main contributor to China's growth as investment growth is expected to weaken this year. "Growth is expected to moderate gradually in China (although with a slight u

Indian textiles minister Smriti Irani recently urged the apparel industry to provide the commerce ministry with market intelligence and port-wise details of dumping to fight anti-dumping in the apparel segment and prepare a clear case in line with World Trade Organisation (WTO) norms. Dumping of fabrics from China has always been a challenge, she said. At an event organised by the Chennai Citizens Forum, Irani said handlooms and handicrafts are another focus area for the government but the l

The clothing and home category of M&S has recorded revenue of £1,192 million for 13 weeks till December 2017. International revenue of the segment went down, reflecting the completion of the planned closure of owned stores in loss-making markets. However, in retained, owned and franchise markets, constant currency revenue increased by 6.5 per cent. "In clothing & home, we continued with our strategy of restoring price integrity and improving everyday value. Our revenue grew both in-s

Strong need to impose safeguards such as Rules of Origin on nations like Bangladesh and Sri Lanka that had free trade agreements with India to prevent cheaper fabrics produced from countries like China routed through these countries. Imports of yarn, fabrics and made-up articles during December last year rose 20% compared with December 2016, as per the Ministry of Commerce and Industry data. The export data of Bangladesh showed India imported garments worth $111.3 million during July-December

A China-Latin America forum for cooperation is helping to promote integration among Latin American countries through infrastructure projects, according to an expert. Evandro Menezes Carvalho, director of China studies at the Brazilian think tank Getulio Vargas Foundation (FGV), spoke with Xinhua about the upcoming second ministerial meeting for the China and the Forum of Community of Latin American and Caribbean States (CELAC), also known as the China-CELAC Forum. "Previously, not much tho

Bilateral trade between Myanmar and China hit $7.42 billion in the first eight months (April-November) of the present fiscal year 2017-18, official Global New Light of Myanmar reported Monday. Myanmar's exports to neighboring China took $3.42 billion while its imports represented $4 billion, the Ministry of Commerce was quoted as saying. In last FY 2016-17, bilateral trade between the two countries was $10.8 billion. Myanmar usually trades with China via Muse, Lweje, Kanpikete, Chinshwe

Value-added textile export sector representative has urged the prime minister to abolish all duties and taxes on cotton yarn import, saying it would help earn much-needed foreign exchange for the country and reduce trade gap which reached $18 billion during July-Dec period of FY2017-18. Muhammad Jawed Bilwani, chairman Pakistan Apparel Forum and chief coordinator value-added textile export sector , said that value-added textile export sector has the largest share in the total textile exports