crop failure in Pakistan has led to coercion for the nation to raise its imports following the hike in local prices. This has profited the world’s largest producer of the cotton fibre. The Indian Government’s cotton purchases are to plummet to 89% due to the increased exports in the 2015-16 marketing year. B.K. Mishra, chairman and managing director of the state-run Cotton Corporation of India (CCI) said that prices have been moved above the MSP (minimum support price) level in most states an

A Melbourne designer using bamboo for fibre has developed a bamboo stretch fabric having both aesthetics and functionality with high sun protection. Made in Melbourne, cloth has been given a 50plus ultraviolet protection factor rating by the government's Australian Radiation Protection and Nuclear Safety Agency. Manufacturer Julia Van Der Sommen, who specialises in knitting technology and garment development, said that the fabric is very unique and it has taken two years to develop. The anti

The Bangladesh Garment Manufacturers and Exporters Association and the Chittagong City Corporation will build an apparel zone at Kalurghat in Chittagong for the readymade garment factories that are facing compliance challenges and need relocation. ‘The apparel zone will be setup in line with the safety standard set by the global buyers and retailers maintaining the conditions of the National Action Plan provided by the government. Small and medium entrepreneurs who are running their factories

Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it will be very difficult to make up margins in the coming months, industry researchers said. Shoppers came out to spend on winter apparel in the last two weeks of December as cold weather finally rolled in after an unseasonably warm run-up to the holiday. Holiday sales are a major influence on retailers' financial health, and department

Around 10,000 Kenyan cotton farmers will get certified cotton seeds at subsidised prices before the beginning of long-rains season in 2016 from the state under the Bura Irrigation Scheme as a part of the government’s plan to increase the country’s cotton production and domestic and global market share, according to Kenyan media reports. Bura Irrigation Scheme is a three-year programme to boost food and cash crops production in the country, implemented by the Kenyan government in the year 201

The Indian government''s purchases of cotton are set to plunge 89 percent in the 2015/16 marketing year as local prices have jumped after crop failures forced neighbouring Pakistan to raise imports from the world''s biggest producer of the fibre. The increase in shipments to Pakistan, Bangladesh and Vietnam will help India trim spending on cotton buys by nearly 140 billion Indian rupees ($2 billion) in the year that started on October 1, although the rise in volumes on the international market w

With majority of textile mill-owners staying busy with year-end closing activities trade turnover of cotton remained at two months low at 3,200 bales (of 155 kilogram each), said dealers on Saturday. The Karachi Cotton Association reported traders bought 3,200 bales at Rs4,900-5,500/maund (37.324 kilogram) as compared to 11,635 bales bought at Rs4,900-5,600/maund on the previous working day (Wednesday). According to Naseem Usman, a broker at Karachi Cotton Exchange, the trade activities wo

Despite slowing economic growth, China's central bank – the People's Bank of China – has said in a research report that a number of positive factors will gain traction in 2016. But it has also warned that downward pressures on growth such as over capacity profit deceleration and rising non-profit loans will persist, a leading Chinese news website reported quoting the PBC research paper. Ma Jun, chief economist at the central bank's research bureau, said a baseline forecast for real GDP growth

High cost of doing business has started hitting textile industry of Pakistan severely as further closure of operations of the textile mills have been reported to the association, said Tariq Saud, Chairman of All Pakistan Textile Mills Association (APTMA). In November 2015, exports of cotton yarn and cotton fabric declined by 45% and 22%, respectively against the corresponding period in quantitative terms, which is an overall decline by 15% in value. There is a nominal increase in clothing

Vietnam's textile and garment exports to the US from January to November 2015 have reached US$9.98 billion, a year-on-year increase of 11.7 percent. It is expected to gain much higher with the Trans Pacific Partnership (TPP) taking effect. According to the Vietnam Textile and Apparel Association (Vitas), during the 11 months, Vietnam’s textile and garment export value to its other major export markets was also optimistic with $3.09 billion to the EU, $2.53 billion to Japan and $1.98 billion to S