The National Association of Microfinance Banks (NAMB) urged the Federal government of Nigeria to formulate and embark on protectionist policy that will curb large scale textile dumping and smuggling into the countries and enhance the development and sustained growth of the nation’s textile industry. It could be a major solution to the threats the Nigerian textile industry is presently facing. The NAMB President, Mr Valentine Whensu, said that the increasing activities of textile smugglers wer

Hong Kong investors have increased their investments in textile and dyeing projects in Vietnam in anticipation of cashing in on new opportunities when Vietnam joins the Trans-Pacific Partnership (TPP) and has move up to second position among biggest investors in Viettnam in 2014. HongKong has surpassed other major investors such as Japan, Singapore and Taiwan, according to the Vietnamese Ministry of Planning and Investment (MPI). Companies from Hong Kong had assured over US$3 billion for 99 n

Bangladesh's cotton consumption will rise 4.08 percent in fiscal 2015-16, riding on higher demand from local spinners and foreign investors in the textile sub-sector, the London-based Economist Intelligence Unit (EIU) forecasts. Consumption will increase to 1.02 million tonnes despite poor safety standards, mainly due to a shift in investment in the textile sector from India and China, the EIU said. This is the first time that cotton consumption will cross the one million tonne mark. The E

The International Labour Organization (ILO) called on companies sourcing garments in Cambodia to help the local industry absorb a new minimum wage of $128 a month which went into effect on January 1. In a statement, the ILO said its estimates showed that average wages including bonuses and overtime were likely to rise from $183 to $217 a month. "The pay rise is expected to increase factories’ wage bills by approximately 18.7 per cent," the statement said, noting that this was on top of earlier

Bangladesh’s readymade garment exporters are worried of losing work orders with the country’s politics entering into another wave of unrest over national election. They say international buyers usually place most of their orders in this part of the year. “Usually, most orders come during this period. But if political unrest persists, the buyers will be concerned about security. The sector would be the loser,” BGMEA director Md Moshiul Azam Shajal told Dhaka Tribune. Bangladesh Nationali

Federal Textile Minister Abbas Khan Afridi has said that Bt cotton is being cultivated on 83 per cent of the total sowing area under the crop. The minister in a written reply to a question of MNA Imran Zafar Leghari on Monday informed that Pakistan was the fourth biggest user of Bt cotton seeds in the world. “The Bt (Bacillus thuringiensis) seeds are sown mostly in Punjab (82.65pc) and Sindh (83.23pc),” the minister said. He said the gene used in Pakistani varieties was Mon 531 or Cry

The country is poised to produce bumper cotton crop this season (2014-15) as phutti (seed cotton) arrivals jumped 10.16 per cent to 13.958 million bales up to January 1, 2015 compared to 12.670 million bales in the corresponding period last season (2013-14). Both Punjab and Sindh recorded higher cotton production this season, suggested the latest figures released by the Pakistan Cotton Ginners’ Association (PCGA) on Saturday. However, 1.091 million more bales, a growth of 12.13pc over the

The Zimbabwean Government has stepped up support to its cotton farmers in this season, with an aim to improve yields and quality. According to minister of agriculture, Joseph Made, the Government has increased support to cotton farmers in a bid to hike yields and quality.The Government is distributing seed, fertilisers and pesticides to 350,000 farmers and the exercise is under way, the minister said.Over the past few years, the Government, which has set a target of 300,000 hectares for the 201

Textile and garment is Vietnam’s most important export sector. In 2014, textile and garment export has crossed US$24 billion, a year on year increase of 19 percent seen. Of garment products was up 17 percent to US$21 billion and textile exports brought over US$3 billion over the same period last year. This shows that Vietnam’s textile and garment are not only competition but also a big attraction in the international market. Taking this into consideration, the Vietnam Textile and Garment Asso

The price index of issue 20150105 of “China • Keqiao Textile Index” closed at 103.58 points, decreased by 0.33% MOM and 1.93% YOY. In this period, sales of textile raw material, grey cloth and apparel fabric all decreased, while turnovers of home textiles and apparel accessories rebounded. A. Price of textile raw material had a slight decline. According to statistics, price index of raw material in this period closed at 85.48 points, decreased by 0.49% MOM and 6.66% YOY. Prices of poly