The latest report on cost of cotton production of the International Cotton Advisory Committee (ICAC) reveals that insect control costs are continuing to drop. Cotton farmers spent an average of only 12 US cents per kilogram of lint produced in 2015/16, which is 10 per cent of the net cost of lint production as against 16 US cents in the 2012/13 season. According to ICAC, the 25 per cent decline in insecticide costs per unit of lint is primarily due to more cautious use of insecticides by farm

The years 2014 and 2015 witnessed the massive landing of foreign textile & garment enterprises in Vietnam. In 2015 alone, $2 billion worth of foreign direct investment (FDI) capital was poured into the textile & garment sector. The three biggest projects alone have registered capital of $1 billion. Hyosung Dong Nai, a Turkish invested yarn manufacturer, has investment capital of $660 million. Meanwhile, a textile & garment material factory developed by Polytex Far Eastern from

CHINA’S economy performed better than expected in the third quarter and the country’s debt risks are under control, Premier Li Keqiang said yesterday. “China’s economy in the third quarter not only extended growth momentum in the first half but showed many positive changes,” Li said in the speech in Macau that was broadcast live on state television. Key indicators such as factory output, company profits and investment rebounded, he said, ahead of China’s release of third-quarter gross dome

Yarn Expo Autumn returns this week to the National Exhibition and Convention Center in Shanghai from October 11–13 with a record number of exhibitors and exhibition space. Exhibitor numbers have increased from 258 in 2015 to over 270 this year, while the exhibition area has expanded by 35 per cent to 11,500 sq. metres, thereby breaking the show’s record. Exhibitors will be seen from 12 countries including China, Hong Kong, Bangladesh, India, Indonesia, Korea, Pakistan, Singapore, Switzerland,

Global yarn production increased by 8.5 per cent quarter-on-quarter (q-o-q) in Q2 2016, owing to a rise in output in Asia, Europe and South America, the International Textile Manufacturers Federation (ITMF) said in its 'State of Trade Report Q2/2016'. However, the estimates and outlook for global yarn and fabric output for Q3 and Q4 2016 are negative. Global yarn stocks fell by 6.7 per cent quarter-on-quarter in Q2 2016. Yarn stocks reduced by 8 per cent in Asia, but they increased by over 3

For the development of textile sector, Pakistan government has approved Rs 185 million under Export Development Fund (EDF) The meeting of EDF was held under the chairmanship of secretary of Ministry of Textile Industry, which approved various development projects for promotion of textile sector and boost its exports. As per reports, the allocations of Rs 100 million has been approved for washing facilities in Karachi garments institute, while Rs 75 million was also approved by the EDF for

Numerous Indian firms are seeking opportunities to export their garment-textile machines to Vietnam. Executive Director of the India International Textile Machinery Exhibitions Society (India ITME Society) Seema Srivastava made the remark while introducing the 2016 International Textile Machinery Exhibitions (ITME 2016) in Ho Chi Minh City on October 7. India wants to expand its investment in garment-textile machinery and technology overseas, including Vietnam, she said, adding that this i

‘The production in factories fell by at least 40% because of gas shortage’ Gas crisis in the garment backward linkage industry has hit hard the production in factories, which is likely to affect the apparel export of Bangladesh, said people involved with the sector. According to Bangladesh Garment Manufacturers and Exporters Association (BGMEA), there are about 150 backward linkage factories of washing, dying and knitting in the country. They are located in Gazipur, Savar, Ashulia and M

The Ministry of Industry and Trade has submitted a proposal to Prime Minister Nguyen Xuan Phuc suggesting solutions to issues raised by the Vietnam Textile and Apparel Association (VITAS). This includes a proposition to abolish inspections of formaldehyde content in textiles and garments. VITAS said the current regulation on this inspection has no legal grounds, and is costly and time-consuming. The ministry has recommended that the directive be abolished and instead, a national technical sta

China’s GDP growth is projected to be 6.6 percent in 2016 before moderating to 6.2 percent in 2017, the IMF forecast in its newly-released World Economic Outlook and Global Financial Stability Report. The reports, released ahead of the annual meeting of IMF and WB in Washington next weekend, gave positive comments on Chinese economy, saying that thanks to its previous policies to stabilize growth, China is expected to continue a relatively rapid growth. The latest reforms launched by Chine