Textile export went down in 2016 for a consecutive year, due to weak global demand and India’s losing competitiveness. Data from the ministry of textiles shows a five per cent fall to $34.9 billion (Rs 2.3 lakh crore) for 2016, from $36.7 bn in 2015. In September 2016, the central government announced a Rs6,000-crore package to boost textile export. This was on recommendations from the industry, and a commitment from it to raise annual export to $50 bn and create 100,000 new jobs. “Text

Trading in­­terest revived on the cotton market on Saturday amid active buying from spinners. Ginners who had been holding their limited stocks entered into moderate to big deals with spinners who had yet to accumulate stocks to meet their seasonal demand. As the current cotton season has almost ended in Punjab, the lower Sindh has already started sowing new crop for the next season, i.e. 2017-18. Prices on the domestic market also remained steady in line with global trend where

Bangladesh has overtaken China to become the largest denim supplier to the European Union -- a development that would give confidence to the country's garment sector as it looks to hit $50 billion in exports by 2021. In the January-June period of 2016, Bangladesh exported €567.97 million worth of denim products to the 28-nation bloc -- enough to secure a 21.18 percent market share, the highest. The country has also become the third largest denim supplier -- after China and Mexico -- to the

Nearly 200 exhibitors will gather at Intertextile Shanghai Home Textiles – Spring Edition, which runs from March 15–17, 2017 in Shanghai. These companies will be showing an impressive selection of finished products, such as bedding, duvets, pillows, towelling, carpets, rugs, etc. The show will also have an India Pavilion and eight Chinese regional Pavilions. To cater to different sourcing needs, the organisers have created seven theme zones, which include; Bedding & Interior Decoration Pr

Owing to high recent shipments and sales to all major markets, US cotton export outlook for 2016-17 is hiked by 500,000 bales to 13.2 million bales for 2016-17, the US department of agriculture (USDA) has said in its March 2017 report 'Cotton: World Markets and Trends'. The report also projects US cotton exports to remain at 13.2 million bales in 2017-18. Among other major exporters, India's cotton exports in 2016-17 is projected to go up by 100,000 bales to 4.5 million on increased overland

Last week the US Trade Representative sent a letter to Congress saying that Americans are not directly subject to rulings by the WTO, which Washington joined when it was founded in 1995 China warned the US against launching a trade war, saying that both countries would suffer if US President Donald Trump follows through on his threats. The billionaire politician has repeatedly accused China of using unfair trade policies to steal jobs from the US, threatening to retaliate with massive tari

The demand for wool is continuing to grow in major international markets for imported clothing like the EU and the US. The demand is forecast to grow more strongly in China—the world's largest producer and exporter of woollen clothing and textiles. Increasing domestic consumption of luxury woollen textiles is also a factor pushing wool demand in China. The continuing growth in wool demand has led to increase in the price of wool in Australian dollars since 2014, Senior ABARES economist Dr Ca

The cotton market on Tuesday remained devoid of activity because ginners were reluctant to dispose of their stocks at prevailing prices despite strong demand from spinners. Influenced by soaring world cotton prices, ginners started demanding higher prices as New York cotton touched the seasonal peak of 79.97 cents per pound. Although China released some cotton stocks on Monday, the move failed to check the rising cotton prices worldwide. Indian cotton also recorded fresh gains. However,

Export earnings declined 4.49 percent year-on-year to $2.72 billion in February due to a slowdown in apparel shipments that account for more than 80 percent of national exports. February's receipts were 21.49 percent less than that in January at $3.31 billion, according to data from Export Promotion Bureau. The amount was also 9.64 percent lower than the monthly target of $3.01 billion, data showed. However, overall exports in July-February increased 3.22 percent to $22.83 billion. Appa

Anticipating further slowdown of its economic growth, China has lowered its GDP growth target for 2017 to 6.5 per cent. China's GDP growth has come down from 6.9 per cent in 2015 to 6.7 per cent last year, the lowest in more than 25 years. For 2017, fiscal deficit volume has been set at 2.38 trillion yuan ($345 billion), up 200 billion yuan year-on-year. Announcing the 6.5 per cent GDP growth target, premier Li Keqiang said, China will "pursue better results in actual economic work". It is i