Cotton price rose to a seasonal high on Monday as dwindling cotton stocks held by ginners prompted panic buying. According to market reports, ginners hold fewer than 250,000 bales at present. The rising trend in cotton prices in early trading in the New York cotton market and elsewhere was reported to be another factor which indu­ced sentiment, brokers said. Ginners were also reluctant to dispose of their stocks at this juncture as they are expecting to get higher rates in the coming days

Bangladesh should focus on the growing Asian apparel market, where the retail value of garment and textile consumption in just India and China will more than double to $750 billion by 2020, from approximately $300 billion at present, said a Swiss textile expert. The Asian garment and textile sector has been growing fast and will continue to do so in the next four years, said Christian P Schindler, director general of Switzerland-based International Textile Manufacturers Federation or ITMF.

With Pakistan’s inclusion in the Generalised System of Preferences (GSP) by the European Union (EU) India has lost 37 textile markets over the last two years in the European Union to Pakistan. Preferences are given to certain countries through tax exemption in developed markets to boost trade from that country. This duty anomaly, along with other issues, has resulted into a slow pick-up of garments and fabrics from India as compared to Pakistan. Data compiled by the Ministry of Textiles showe

The textile industry despite poor market conditions has done well as compared to other sectors on export front. India’s textile exports remained flat at $40 billion in 2015-16 which is lower than the target of $47.5 billion set by the government for textile and clothing, Union Minister Santosh Kumar Gangwar said after the inauguration of Technotex 2016 conference here. The industry experts said that the subdued trend in exports was due to recessionary trends in Europe and the US markets. In 2

The 2015-16 US cotton production estimate was reduced this month to 12.87 million bales, as indicated in the March 2016. Cotton Ginnings report, the US Department of Agriculture (USDA) has said. In 2014-15, the US produced 16.3 million bales of cotton. Upland production was placed at 12.44 million bales while the ELS crop was estimated at 430,000 bales. The USDA will release final 2015-16 production estimates on May 10. With starting stocks unchanged in April, this season's cotton supp

Burkina Faso produced 581,000 tonnes of raw cotton in the recently ended 2015/16 season, down 18 percent from the previous harvest and well short of its aim of a record crop of 800,000 tonnes, the national cotton association said on Friday. The Inter-professional Cotton Association of Burkina (AICB), which groups together the country's three cotton companies and the national cotton farmers union (UNPCB), said the drop in output was due to poor weather conditions. Seasonal rains arrived late.

The Odisha state government has decided to set up 19 common facility centres at different weaving clusters to give a fresh lease of life to handloom and handicraft sector. These centres will help weavers and craftsmen incorporate new and innovative designs in their work in tune with the market demand, said joint secretary, handlooms, textiles and handicrafts department, Raja Parija. At these centres, new designs, keeping in mind the demand of the global market, would be developed and then pr

Chinese Foreign Minister Wang Yi has commended Indian's economic growth said that his country was keen to boost investments in India by which the two countries can contribute significantly in helping the world economy by keeping up their growth momentum. “First of all, we both need to grow our own national economies. On this front, we want to commend India for doing a good job in promoting economic growth,” Wang told PTI in Moscow. Wang, who was in Moscow to attend Foreign Ministers' meeti

Burkina Faso, Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically-modified (GM) cotton on quality grounds. The world's 10th largest cotton producer, with four of its 19 million people dependent on the "white gold", Burkina Faso earlier this month said it was giving up Monsanto's GM Bt cotton because it had proved uneconomical. Burkina took up GM cotton in the 2000s in the hopes of bumping up returns on what was then its top e

Straight, skinny but a bit stretchy and loose in dirty blue -- that is going to be the latest in denim fashion worldwide, said designer and denim trend analyst Amy Leverton. So, Bangladeshi denim makers should focus on these design elements to grab greater market share in the West, added Leverton, speaking at the fourth Bangladesh Denim Expo that began yesterday at the International Convention City Bashundhara in Dhaka. The current trends will not disappear, as the upcoming trend is very s