After witnessing four months of successive highs, the average cotton price for November was recorded below that in October, according to Cepea, a research centre of the University of São Paulo. During November, cotton prices in the Brazilian market were pressured by sales that prevailed over purchases, Cepea said on its website. “In general, industries were retracted and liquidity was low. Trades closed were, basically, for small batches to meet demands in the short-term.” In November, th

Union Textile Minister Santosh Gangwar in his written reply in the Lok Sabha, citing estimates of the Cotton Advisory Board stated that the exports from India for 2015-16 are likely to see increase by about 18 per cent compared with the previous fiscal year. The minister further added that during the cotton year of 2014-15 (from October 1, 2014 to September 30, 2015), 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year of 2013-14. The decline

Alliance for Bangladesh Worker Safety, a platform of North American buyers, has estimated that a RMG factory will have to spend on an average $0.25 million for fire and electrical remediation as the initiative found fire and electrical faults in all the factories it inspected. At a press conference in Dhaka on Saturday, Alliance managing director M Rabin said Elevate, an American business advisory service firm, in association with Alliance was going to organise a three-day International Trad

Production of raw jute is likely to fall this financial year due to heavy rain and floods In an effort to ensure jute use in packaging, the government has extended the ban on export of raw jute for an indefinite period. In an order issued yesterday, the Textiles and Jute Ministry said the raw jute export would remain suspended until further notice for making use of jute mandatory in packaging of products. On November 3, the government had banned jute exports for a month. The governm

Aditya Birla Group, the world's largest viscose staple fibre (VSF) maker, is driving an initiative to handhold a large number of textile value-chain partners across the country by supporting them from design development and technical support to marketing and buyer linkages. With this initiative, the $41-billion company wants to help propel the country to be the world's top cloth manufacturing hub. As part of the national drive, called Liva Accredited Partner Forum (LAPF), aimed at improvin

The decision of Egypt's state-owned airline Egypt Air to suspend the shipping of commercial cargo on passenger flights bound for New York and Canada has triggered a crisis in the export of Egypt's spinning, weaving and garments sector, according to media reports. Egypt Air said that the decision to ban freight on passenger flights is based on recommendations by the US Transportation Security Administration y delegation, which visited Egypt last week, in the aftermath of the Russian jet crash

The Nigerian new administration favours the revival of the country's textile and footwear industry as it would play a significantly major role to diversify the economy. Not only could it result in revenue diversification and reduce pressure on the import bill, it could also help boost employment, said FBN Capital, the local financial institution. The Nigerian Investment Promotion Commission (NIPC) recently announced it would work closely with National Cotton, Textile and Garment (CTG) policy

A woman in a fur coat checks new arrivals at a store in Haining, Zhejiang province. China's fur exports dropped 15.7 percent in the first nine months to $2.47 billion.[FENG HAIJUN/FOR CHINA DAILY] Fur production, export and consumption are languishing this year, with growth rates dropping significantly from last year, according to the latest industry figures. Huang Yanjie, director of the fur committee of the China Leather Organization, said the sector has grown at its slowest pace in the

The government has banned exports of all types of raw jute for an indefinite period, according to an order issued by the textiles and jute ministry yesterday. The decision has been taken to meet the country's additional demand for jute in implementing the mandatory jute packaging law, Mirza Azam, state minister for textiles and jute, told The Daily Star. Earlier, the government had imposed a similar ban for a month, starting on November 3. “We will be in a crisis if we don't stop raw ju

India's total cotton output in the country is estimated to be 370.50 lakh bales for the 2015-16 season which began on October 1, the CottonAssociation of India (CAI) has said. In a press release, it said the figure is same as the October estimate of 370.50 lakh bales (of 170 kg each). Tthe estimate is lower by 12.25 lakh bales than the output of 382.75 lakh bales for the cotton season 2014-15, it said. The crop damage in Punjab and Haryana due to the whitefly attack this year is a major fa