Cotton exports from India, the world’s second-biggest producer and seller, are expected to fall 41 per cent to 7 million bales this crop year ending on Sept 30 as top buyer China curbs purchases, Textile Commissioner Kiran Soni Gupta said. India on Tuesday also lowered the production estimate to 39m bales from the previous forecast of 40m bales made in October. The prior export forecast was 9m bales for this season. China, the world’s largest cotton importer, accounts for more than 60pc of

Garment exports rose 3.16 percent year-on-year to $18.62 billion in the first nine months (July-March) of the current fiscal year, according to Export Promotion Bureau. Apparel exports have been on the rise as major markets like the US are showing positive signs, said Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association, the garment makers' platform. “We needed to grow by 10 percent every month to achieve the target of $27 billion garment export in

A Bank of China Ltd report has predicted China's economy to stabilize in the second quarter of this year, and GDP growth to rise from around 7 percent in the first quarter to 7.2 percent in the second. Zhou Jingtong, a senior economist with the bank's Institute of International Finance, said in the report on Monday that while the economy continues to slow, "we are seeing a series of positive changes emerging from the recent economic moves, such as the rapid growth of private investment and s

A sample survey conducted by National Cotton Market Monitoring System shows that by Feb. 2, the investigated enterprises have an average of 29.9 days of cotton inventory (including imported cotton arrived at port), an increase of 1.6 days month-on-month and a reduction of 7.1 days year-on-year. Based on relevant data, it is estimated that the nationwide cotton inventory of industries is about 661,000 tons, up 5.6% month-on-month and down 16.9% year-on-year. Fujian, Zhejiang and Sha'anxi province

The new Foreign Trade Policy (FTP) announced by the government on Wednesday has left the textile sector disappointed. "The government has fairly ignored the textile and clothing sector, the second-largest employment provider in the country and whose contribution to the country's growth has been well recognised by the Economic Survey. In terms of strengthening the manufacturing base, promoting exports and generating employment, the sector hasn't got its due in the FTP," said R K Dalmia, chairm

Diminishing cotton stocks in the country induced strong demand from spinners which pushed the commodity’s prices higher on Wednesday. However, floor brokers said activity could not pick up as many ginners were reluctant to dispose of their stocks anticipating higher prices. The arrival of the next crop would be late by at least four weeks as early sowing of cotton for the new season could not be done in Punjab due to long spell of rain, while it has just started in Sindh. According to m

Cotton exports from India are expected to fall 41 per cent over 2013-14 to a five-year low of 7 million bales (1 bale=170 kg) in the 2014-15 season, which is also down from 9 million bales forecast last October. Speaking to reporters, textile commissioner, Kiran Soni Gupta said, Indian raw cotton exports may fall 41 per cent to a five-year low of 7 million bales in this season due to China limiting its purchases. Gupta said India will have to hike exports to countries like Bangladesh, Paki

H&M and Kering clothing brand Puma are coming on board as development partners to help test the commercial viability of British upcycler Worn Again's model to meet the fashion industry’s rising demand for polyester filament and cotton fiber textiles. The chemical-to-chemical textile recycling process used by Worn Again is designed to extract polyester and cotton from discarded clothing and textiles. One proposed effect of the scheme, if successful, is a reduction in the requirement for

Strong demand from spinners provoked by dwindling stock with ginners for the current season crop are creating panic buying from needy spinners who are eager to replenish their stock due to which cotton prices has surged. Floor brokers said that strong demand for quality lint pushed prices to new record high on ready counter with highest quoted prices going up to Rs5450 per maund. However, the Karachi Cotton Association (KCA) spot rates remained unchanged at previous level. The followin

Recently, investors from Fujian Province have signed agreements with De'an County in Jiujiang, Jiangxi Province on setting up a knitting project and a weaving project, which will respectively cost CNY 5.2 billion and CNY 500 million. The two projects will cover a land area of 5.3 hectares. After being put into production, they are expected to turn out annual prime business revenue of CNY 2 billion, pre-tax profit of CNY 1.5 billion and offer 500 jobs. The introduction of these two projects w