KARACHI: Cotton trading was brisk on the cotton market on Tuesday as spinners and some exporters remained in the forefront of buying spree. The undertone remained steady and outlook optimistic. The high demand in front of slow arrivals of phutti (seed cotton) continued to push lint prices higher with each passing day. Trading was highlighted by active participation from a world leading cotton dealer, Louis Dreyfus. According to market sources, the dealer actively participated in Tuesday’s

Pakistan Readymade Garment Manufacturers and Exporters Association (Prgmea) has urged government to take notice of a 25 per cent surge in yarn prices “due to cartelisation of local manufacturers”. In a statement issued on Monday, Prgmea Chief Coordinator Ijaz Khokhar said a rise in yarn prices to Rs11,500 from Rs9,950 during the last one-and-a-half months was adversely affecting the apparel sector. He blamed the price hike on a cartel of local manufacturers who, he said, were taking advant

China's ministry of industry and information technology has recently released announcement No. 17 of 2016, which published updates to a number of textile and apparel industry standards. The standards include some product standards for apparel and textile accessories such as FZ/T 81001-2016 for pajamas, FZ/T 81015-2016 for wedding gown and full dress, FZ/T 73002-2016 for knitted caps, FZ/T 81012-2016 for woven scarf and shawl, etc. The updates include some textile test method standards such

Vietnam became the world’s third largest footwear manufacturer in 2014, commanding a 3.7% market share, trailing China and India in first and second place, respectively, according to the World Footwear Yearbook. The nation’s footwear exports subsequently jumped 15% year-on-year in 2015, crossing the US$12 billion benchmark, according to statistics of the Vietnam Leather, Footwear and Handbag Association (Lefaso). Roughly 70% of the nation’s footwear exports are sports shoes, said Phan Thi

The deadly terrorist attack in Dhaka would not deter global top clothing retailers giants including Target Corporation, JC Penney Company Inc, VF Corporation, Wal-Mart Stores and the Children’s Place from sourcing clothing products from Bangladesh. Alliance for Bangladesh Worker Safety – a platform for North American global retailer – working on safety improvement in Bangladesh in RMG industry came up with the remark at a media briefing yesterday. The briefing aimed at providing quarterly

Cotton prices soared to a seasonal high on Saturday on sustained demand from spinners. However, the volatility on the world cotton markets and surge in domestic prices kept trading activity restricted. Floor brokers said that phutti (seed cotton) arrivals slowed down owing to rising prices and many ginners have also temporarily halted their operation fearing huge losses if prices move further higher. Short supply of phutti coupled with panic buying from needy spinners pushed cotton prices

Bangladesh garment industry generated $28.09bn exports in the fiscal year 2015-16 which just ended, registering a 10.21% growth from the previous year. The data officially released yesterday showed that the earnings also exceeded the target of $27.37bn set for the year. Of the total figure, the knitwear constituted $13.35bn and woven products $14.74bn, according to Export Promotion Bureau data. The growth has been attributed by exporters and analysts to political calmness during the year, inc

Soaring cotton prices could be bad news for the spinning sector of India's cotton industry. According to ratings agency Icra, the spurt in India's domestic cotton prices, which have now overtaken international rates, points to shortage and will adversely impact yarn demand and profitability of spinning companies in the second quarter of this fiscal. Domestic prices of ginned cotton have increased significantly from Rs 90-92/kg in April 2016 to Rs 122/kg currently. "The spurt in cotton pric

Foreign companies providing technology solutions for textile, garment, and footwear production have been increasingly active in Vietnam, taking advantage of the expected growth of the industry. On July 7, French company Lectra announced the opening of its subsidiary Lectra Vietnam. Lectra, which provides technology solutions dedicated to industries using fabrics, leather, technical textiles, and composite materials, has been present in the country for over 20 years, represented by its agen

UK based retailer John Lewis aims to expand its own brand home furnishings business to £1 billion sales per year by 2020, while continuing to expand its exclusive relationships with other brands. “Key to the success of this goal is the introduction of its new 'Design Project' collection this Autumn, which is an in-house designed 250 piece line focusing on beautiful and thoughtful design,” the retailer said. The retailer has also recently launched a string of exclusive collaborations with e