The price index of issue 20141229 of “China • Keqiao Textile Index” closed at 103.92 points, 0.02% lower than that of last period, 1.61% down from the beginning of this year, and decreased by 1.72% YOY. In this period, prices of textile raw material, apparel fabric, home textiles and apparel accessories all decreased, only price of grey cloth rebounded. A. Price of textile raw material declined slightly. According to statistics, price index of raw material in this period closed at 86.03 p

With the collapse in the local companies like Puma due to poor quality of imported fabrics, the Kenyan textile industry can stimulate its growth again only when the quality standards in the three African countries viz.Tanzania , Uganda and Kenya is enhanced. The imports are due to fragile cotton value chain capacity that cannot meet demand in terms of volume, price and quantity. Industrialist Dr Riyaz Haider from Bio Sustain Tanzania Ltd said that Tanzania and Uganda have competitive advan

Pakistan plans to import various varieties of cotton seeds produced by foreign firms despite a ban on their import. According to officials in the Pakistan Environment Protection Agency and the Pakistan Agriculture Research Council (PARC), the move followed claims by foreign seed and pesticide producing companies that adopting new cotton varieties would double Pakistan’s cotton produce from an average 12 to 13 million bales a year to 26 million bales per year. As per the Plant Quarantine Act 1

Models display designer Cheng Yingfen's 2015 spring/summer collection, which highlights Idili silk, in Beijing. [Photo/China Daily] Idili silk has been worn by people in the Xinjiang Uygur autonomous region for nearly 3,000 years. But for those outside of the region, the fabric was largely unknown until a recent fashion show in Beijing. Xinjiang fashion designer Cheng Yingfen showed the 2015 spring/summer collection as part of the China Fashion Week in October. The collection presents even

Despite several challenges faced by the apparel industry, export earnings from the RMG sector rose by nearly 5% to US$22.25bn in January-November this year compared to the same period last year. According to the Export Promotion Bureau (EPB), Bangladesh fetched $22.25bn in 11 months of 2014, which was $21.22bn in the previous year. The knitwear export during the period stood at $11bn with a rise of 6.723% from the previous year’s $10.4bn. Woven products earned $11.15bn growing at 3.05% as

Domestic synthetic yarn makers forced to reduce prices, thereby incurring loss over the inventory with continual fall in prices of crude oil and key polyester yarn raw materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA). Jyotiprasad Chiripal, director at Chiripal Group said that brent crude oil prices have now fallen below $60 a barrel. In the last two month, the continual fall in crude oil prices have led to fall in prices of polyester yarn as well as its raw ma

Nandan Denim has soared 14% to Rs 64.35, its highest level since January 2008 on BSE, after it was announced that Devkinandan Corporation LLP, one of the promoters, increased its stake in the company via open market. On December 19, 2014, Devkinandan Corporation LLP had purchased 61,300 shares of the company at an average price of Rs 50.50 per share via open market through BSE and NSE, Nandan Denim said in a filing. Earlier, on December 18, Devkinandan Corporation LLP bought 65,308 shares

Rising labour costs, raw materials and slowdown has been staring at textile industry in China for quite some time now. And a move to expand outside China is also discernible to wade of from high cost of production. The most chased location to relocate is Africa attractive for companies in terms of costs and market access. In China, wage have reached US$600 on an average paid to almost 23 million textile workers As a labour-intensive industry, garment making faces huge pressure on persistent s

The price index of issue 20141222 of “China • Keqiao Textile Index” closed at 103.94 points, 0.01% lower than that of last period, 1.59% down from the beginning of this year, and decreased by 1.84% YOY. In this period, prices of textile raw material and grey cloth declined slightly, however, sales of prices of apparel fabric, home textiles and apparel accessories rebounded. A. Price of textile raw material declined slightly. According to statistics, price index of raw material in this per

General trend in the cotton market was firm, following the rising demand by mills and spinners, dealers said on Saturday. The official spot rate was unchanged at Rs 4,750, they added. In the ready session, around 20,000 bales of cotton changed hands between Rs 3500-5000, they said. In Sindh, prices were unchanged at Rs 1600 and Rs 2300, in Punjab prices were inert at Rs 2100 and Rs 2600, they said. Cotton analyst, Naseem Usman commenting on the firm trend, said that as a whole trading activi