Cotton markets in India continued to reel under demand pressure. Weak demand from mills remained sluggish pushing cotton prices down by about 3% or INR1,000 per candy of 355 kg over the week. According to reports, prices also declined due to poor export demand. Cotton exports in December were good but reversed in January, giving back the fibre to domestic mills. Traders believe that prices will decline further by another INR500 a candy in coming weeks. Cotton was ruling at INR33,200-33,500 pe

Wool prices held firm at New Zealand wool auction even though Chinese buyers were not present due to the Chinese Lunar New Year holiday this week. China is the largest export market of New Zealand. At the auction, some 83 percent of the 12,024 bales of wool offered were sold. The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, advanced to $5.81 per kilogram at the combined North and South Island wool

The largest producer of cotton in the world finds that its exportable goods are becoming uncompetitive in the face of the raw materials in India available for the manufacturing of these goods turning out to be costly. Currently, the raw materials are available at marginally higher prices in local markets than the prevailing prices in the international markets. Hence, the textile industry has urged the government to make cotton available for textile mills at prices cheaper than the prevail

Turkey after a more than year-long review, dealing a potential blow to the world's No 3 grower of natural fibre amid concerns Ankara could resort to anti-dumping duties as US cotton imports are damaging their domestic output. The Economy Ministry in an interim investigative report stated that cotton imports originating from the United States have caused material damage to their local production. US and Turkish traders are invited to send in responses to the report by February 24, a ministr

CHINA'S exports dropped 6.6 percent year on year to 1.14 trillion yuan (175 billion U.S. dollars ) in January while imports declined 14.4 percent to 737.5 billion yuan, customs data showed on Monday. The monthly foreign trade surplus widened 12.2 percent year on year to 406.2 billion yuan (62.38 billion U.S. dollars) in January, up from 382 billion yuan a month earlier, according to the General Administration of Customs (GAC). Total foreign trade value in January edged down 9.8 percent yea

The country’s export earning from the apparel industry has seen a 9.12% rise to $15.76 billion in first seven months of the current fiscal year, thanks to political stability and safety standard. Sector people attributed new markets, value added products, improvement of safety standard in the RMG sector and peaceful political situation helped get more work orders that led to the export growth. According to the provisional data of Export Promotion Bureau (EPB), in July-January period of FY’

Bangladesh’s apparel export to US market has seen an 11.74% rise to $5.40 billion in the last calendar year, thanks to increased demand for clothing products. The volume, however, posted a 16.3% growth in the same period that indicates the unit prices of apparel products made in Bangladesh has seen a fall. In 2015, Bangladesh, the third largest exporter of clothing products to US, earned $5.40 billion, which was $4.83 billion in the previous year, according to the data recently released by

A total of 522 RMG factories producing clothing products for Accord signatory brands have made less than 40% progress on remediation to improve their workplace safety. In a meeting with the Bangladesh Garment Manufactures and Exporters Association (BGMEA), the Accord on Fire and Building Safety placed the list of 522 factories that made less than 40% progress towards ensuring their workplace safety standards, a meeting source told the Dhaka Tribune. The meeting aimed at discussing the reme

The textile industry urged the government to make cotton available for textile mills at prices cheaper than the prevailing prices in the international markets. Currently available at marginally higher prices in local markets than the prevailing prices in the international markets, costly raw materials make exportable goods uncompetitive India has become the largest producer of cotton in the world leaving behind China. "Despite around 35 million bales of domestic output, cotton price wor

Turkey said it has concluded that US cotton imports are damaging domestic output after a more than year-long review, dealing a potential blow to the world's No 3 grower of natural fibre amid concerns Ankara could resort to anti-dumping duties. "Cotton imports originating from the United States have caused material damage to local production," the Economy Ministry said in an interim investigative report. US and Turkish traders are invited to send in responses to the report by February 24, a m