Enterprises in Vietnam spent US$712 million importing 447,000 tons of cotton in the first five months of this year, up 35.2% in volume and 8.9% in value compared to the same period last year. The volume included 105,000 tons of cotton worth US$166 million, growing 39.1% in volume and 8.9% in value, Vietnam Television (VTV) reports, citing figures of the Vietnam Textile and Garment Association (Vitas). Vitas said cotton imports were higher than shipments of other materials used by apparel p

In its latest report, USDA has projected the global 2015/16 cotton production to decline 6 per cent from the previous season to 111.3 million bales.“Lower crops are forecast for most major cotton-producing countries in 2015/16, with India and Uzbekistan production level with 2014/15,” a press release from USDA informed.India is expected to be the leading producer in 2015/16 and is forecast to produce 29.5 million bales, or 26.5 per cent of global cotton production.“Lower area and higher yields,

Since the beginning of this year, China's textile industry has maintained steady growth through actively overcoming various negative factors such as weak market demand, price difference between overseas cotton and local-grown cotton and increasing manufacturing costs and by positively accelerating industry restructuring, the Ministry of Industry and Information Technology (MIIT) said in a statement. 1. Production grew steadily and part of the products grew at a faster pace Figures from t

The Gujarat government has said that a Chinese business association has decided to set up a textile industrial park in the state in near future. A delegation of China association of small and medium enterprises industry (CASMEI) met Gujarat chief minister Anandiben Patel at Gandhinagar and discussed various aspects related to the setting up of park in Gujarat, an official statement said. The meeting between CASMEI delegation, led by its vice chairman Shen Gaohua and deputy secretary genera

Vietnamese industry and trade minister Vu Huy Hoang and Bangladeshi textile and jute minister Mirza Azam met recently to exchange views on promoting bilateral cooperation in general and cooperation on textile and jute in particular, the Vietnamese trade ministry said in a statement. Vu Huy Hoang appreciated the traditional friendly relationship with many similarities and long-term cooperation potential between the two countries. He hoped that friendly relations between Vietnam and Bangladesh

The Indian textile and clothing sector likely to see slow growth in exports this year, especially sectors such as cotton yarn due to decline in demand from China, according to industry sources. Last financial year it had registered 41 billion dollars worth exports. The sources said that China was one of the major markets for cotton and yarn exports from India. Though textile mills were now exporting to countries such as Bangladesh, Vietnam and Cambodia, the demand from China was huge. Thi

Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand. San Francisco-based Gap also said it would cut 250 jobs at its headquarters. The company did not say how many employees would be laid off as a result of the store closures. As of Jan. 31, Gap had about 141,000 full- and part-time employee

On 8th June, the National Cotton Market Monitoring System "2015 National Survey of Cotton Sowing Area" released, which introduced the area changes in the three largest cotton sowing area. Same as that in previously issued "2015 National Cotton Sowing Intentions Investigation Report (March)”, the cotton sowing area maintained a double-digit decline. It is understood that this year's cotton area fell showed the following three features compared to last year: 1. Cotton sowing area in mainland ha

Declining exports of cotton yarn to China have worsened the oversupply situation for Indian spinning mills, who are now looking to domestic demand from the garments sector for relief. The impact can be seen in the form of lower capacity utilisation in the mills in southern states where, sources say, most of them have resorted to an estimated 20% cut in production. In April 2014, the Chinese government ended its 3-year-long programme to stockpile raw cotton to support local growers and inst

Cotton acreage in India, the top grower in the world, is likely to drop by the most in over a decade this year, as plunging prices and fears of a drought prompt farmers to switch to cultivating pulses in the hope for better returns, a top trade body official said. Lower output at the world's No.2 cotton exporter, after the United States, should help give legs to a recovery in global benchmark prices that have risen 13 per cent from a five-year low of 57.05 cents per pound plumbed in January.