Alliance for Bangladesh Worker Safety said yesterday 55% of high-priority repairs and 63% of all required repairs in its affiliated RMG factories have been completed However in forth year, the Alliance will focus on Critical Safety Repairs, which are most important for life safety and Establishment of Worker Safety Committees. Alliance, the retailers’ platform of North American buyers, made the disclosure in its third annual report launched yesterday. The report reflects significant pro

THE textile industry is in a dilemma as cotton trade between Pakistan and India has been hit by a rise in border tension; and traders across the border, being uncertain of future developments, are not entering into new deals. Pakistan’s Cotton Commissioner Khalid Abdullah says a low quantum of trade activity is still taking place. The government has not asked importers to stop buying cotton from India but many of them are not buying on their own as a gesture of national solidarity. However, I

PAKISTAN has lost its share in global carpet trade as its export value declined by more than 50pc over the last decade, down from $278m in 2005-06 to $97.680m in 2015-16. Quantity-wise also, the volume fell to 1,922,000 square metres in 2015-16 from 2,493,000 square metres a year ago, a drop of 22.90pc. Pakistani brands have lost to carpet exports from India in the international market. A decade ago, India in comparison, had annual carpet exports of $300m which climbed to $8bn in 2015-16

Cotton yarn exports in India declined by 11.58 per cent in terms of value and 4.44 per cent in terms of volume during April - June this year compared to the same period last year. Cotton yarn exports to China, being the major consumer has declined. China imported 149.66 million kg of cotton yarn during the first three months of last financial year (2015-2016) and it dropped to 99.09 million kg during the same period this year. The decline in exports started in April 2014. Total cotton y

Declining textile exports have prompted India to look outside traditional markets and tap the ones being served by competitors such as China. The textiles ministry of India is planning to do roadshows to promote textile exports in the new markets. They used to hold roadshows in the past and wanted to approach new markets through these. They have identified Russia, South America and West Asia to boost exports. The plan to do roadshows abroad comes in the wake of a 3.3% decline in exports i

According to reports, by next year in 2017, cotton supplies in US will be smaller than previously forecast because of rising prices and larger-than-expected purchases in China, the world’s biggest buyer. Inventories on July 31, 2017, will be 4.3 million bales, 12 percent less than projected last month and below the lowest estimate in a Bloomberg survey of analysts, the U.S. Department of Agriculture said in the report released Wednesday. The supply would be expected at 4.9 million bales, a

Foreign direct investment (FDI) into the Chinese mainland edged up 1.2 percent year on year to reach 9.21 billion U.S. dollars in September, official data showed Thursday. That brings FDI growth in the first nine months to 4.2 percent, according to figures from the Ministry of Commerce. The steady growth came as the Chinese government intensifies efforts to improve access for foreign companies, which experts believe will create an environment for fairer competition and bring more foreign i

The Ministry of Agriculture and Rural Development has issued a decision on halting raw cotton imports from Ghana as a large volume of raw cotton was found infected with Trogoderma granarium Everts. The decision comes into effect 60 days after the issuance date on October 11. The MARD urged the Plantation Protection Department (PPD) to tighten quarantine control of imported cotton from Ghana from now until the day the decision is valid. A PPD representative said from July 2 to September

China next year may match its 2016 sales from state cotton reserves to help plug a growing deficit in supply, an influential trade website quoted a government official as saying. Plans by the world's top textile market to sell down its huge reserves of cotton are closely watched by the global market, with China holding more than half of the world's inventories after a years-long stockpiling programme. Amid growing financial pressure and a change in policy, it is now attempting to sell off tho

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,