CHINA’S economy steadied in the third quarter, with GDP growth staying flat at 6.7 percent. Experts argue, however, that slowing income growth might affect consumer spending and further stimulus measures to stabilize the economy could postpone restructuring. Year-on-year growth was in line with the rate posted in the first and second quarters, the National Bureau of Statistics said. “The national economic performance has been generally steady, making progress and improving in quality, r

Cotton prices rose on Saturday on improved phutti (seed cotton) supply and strong buying from spinners and some exporters. The world cotton markets were mixed. The New York cotton moved higher for the second straight session and had psychological impact on the domestic market, brokers said. All the future contracts were up 70 US cents per lb. Indian and Chinese cotton markets remained under pressure due to slow activity in the textile industry. “This is the right time to stock quality cotton,

The arrival of cotton at ginneries in Pakistan by October 15, 2016, is down 6.19 per cent year-on-year to 4.374 million bales, according to the fortnightly report on cotton arrivals, prepared by the Pakistan Cotton Ginners' Association (PCGA), in joint cooperation with All Pakistan Mills Association (APTMA) and the Karachi Cotton Association (KCA). Last season, as on October 15, ginneries had received 4.663 million bales, according to PCGA data. In Punjab province, total cotton arrivals

In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their production facilities. Most of the textile makers in the country presently are relied on old textile machineries and were getting more reluctant to invest more in the backdrop of weakening global demand, said API chairman, Ade Sudrajat. Ade recommended the govern

In 2015-16, Bangladesh imported 6.2 million cotton bales during the year thereby reinforcing its position as the world's largest importer of cotton. According to US department of agriculture (USDA), Bangladesh's imports are expected to increase to 6.3 million bales in 2016-17. This raises Bangladesh's share of global imports to over 18 per cent, which is more than double its share seen 5 years before. Bangladesh’s rising cotton imports impacts various cotton exporters, especially West African

Firms have shown their appreciation after Minister Tran Tuan Anh annulled Circular 37 about inspection of formaldehyde content in textile and garment products as they said it is legally groundless, costly and time-consuming. The circular was officially issued on October 10 last year by former minister Vu Huy Hoang and contained the same criteria as the document released in 2009 but with added requirements for sampling methods to reflect updated testing methods and quality management requireme

It is feared that Pakistan will miss the revised cotton production target for year 2016-17 by more than two million bales.Official sources said that 30 per cent reduction in sowing area of Punjab would be the main hurdle in likely non-achievement of the production target.The province shares more than 70 per cent of the country’s major crop area. The government had set the cotton production and sowing targets for the current Kharif season at around 14 million bales and 7.7 million acres respecti

Country’s apparel-export earnings from Russia, China and Chile registered a colossal growth in the first quarter of the current financial year of 2016-17 while the earnings from most of the non-traditional markets including India, Turkey, Brazil and Australia suffered a negative growth in the period. Readymade garment export to Russia in the July-September period of FY17 registered a whopping 61.67 per cent growth to hit $49.10 million from $30.37 million in the same period of FY16, according

Indian cotton yarn exports dropped 11.58 per cent in value and 4.44 per cent in volume during the first quarter of fiscal 2017 ended June, as against the same period last fiscal. Average cotton yarn exports from India which used to stand at 140 million kg per month have declined to around 100 million kg currently, driven by lower exports to China. “China, India's biggest cotton yarn importer, bought 99.09 million kg of yarn in the April-June 2017 quarter as compared to 149.66 million kg in th

While domestic fashion brands are still struggling to gain ground in their home market, the recent arrival of international brands in Vietnam has quickly received a heartened welcome from customers. Fashion brands that were once only available to Vietnamese customers via ‘carry-on’ sellers, those who re-sell items they had bought overseas and brought into Vietnam as hand luggage, are now having their share in the US$3 billion fashion market of the Southeast Asian country. It was at lunch b