Mozambique's cotton exports fell by around 65 percent in the first quarter of this year, having exported just 24,300 tons of cotton, compared to an initial projection of 70,000, the Mozambican Cotton Institute (IAM) said. According to information provided by the IAM to the Mozambican press, Mozambique netted almost US$38 million from cotton exports in the first three months of the year, but although projections had pointed to a total of US$109 million. The downturn announced by IAM may affect

The China National Cotton Reserves Corporation (CNCRC) confirms that between January 14 and July 31 this year a total of 130 auctions of the country’s state reserves were held. During the seven month period, a total of 15.04 million tonnes was made available for sale, from which only 3.72 million tonnes was sold (2.76 million tonnes domestic and 955,600 tonnes imported). Domestic cotton from 2008, 2011, 2012 was offered, alongside imported cotton from 2005, 2009, 2011, and 2012. The bulk of

India's apparel exports are likely to grow by 24% to $16 billion in the current fiscal owing to rising demand in traditional markets like the US and Europe, Apparel Export Promotion Council (AEPC) said today. In the 2012-13 fiscal, these exports stood at $12.9 billion, according to data provided by the council. "In the first three months of this fiscal, garment exports have shown a growth of about 11%. If we keep growing at the same pace, we expect these exports to touch $16 billion in 201

Uzbekistan would supply 200,000 metric tons of cotton to Bangladesh annually under the terms of a new bilateral agreement, Dhaka's Financial Express newspaper reported on August 5. The deal, which would mark the first time Bangladeshi purchases of Uzbek cotton are regularized, may be signed during an annual industry fair in Tashkent this October, 12news.uz reports. "Since Uzbekistan is a major source of cotton for us, we want to make the import process easier and uninterrupted. So, we are fina

THE public-private Export Development Council (EDC) is keeping the 10-percent growth target for export this year despite a 6-percent contraction in revenues from shipments of local goods to the global market in the January-to-May period. EDC Vice Chairman Sergio Ortiz-Luis Jr. told the BusinessMirror the council met last week and did not see any need to change the export-growth target for 2013. “We did not see the need to change export-growth target for this year. This is because some majo

China and India are expected to be the major growth centers for apparel consumption by 2025, and the combined size of the Chinese and Indian apparel markets will become bigger than that of US and European Union (EU), according to a recent report. “The combined apparel market size of China and India will become US$ 740 billion by 2025, and is expected to surpass the combined market size of US and Europe, which will be US$ 725 billion in 2025,” states ‘Road to 2025: Textile and apparel sector r

A production line of the SMA Vina Viet-Han Garment Import Export Co in the northern province of Hoa Binh. Garment and textile exports are expected to increase when the country becomes a member of Trans-Pacific Strategic Partnership. — VNA/VNS Photo Trong Dat Domestic garment and textile companies will have many opportunities to increase exports as well as dismantle current trade barriers when the country becomes a member of Trans-Pacific Strategic Partnership (TPP). The assessment was voic

At a time when the country has been facing huge trade deficit due to supply side constraints, garment entrepreneurs have asked the government to play a proactive role in promoting export of readymade garment (RMG). Nepal is facing trade deficit of as much as Rs 1.5 billion per day due to soaring imports and limited export capacity. Exports of Nepal?s main exportable items like RMG, carpets, pashmina and handicraft have been slowing for the past few years. Garment exporters, who have been pas

(The industry appeals for reintroduction of the separate rates of fixed 7.5 % for the labour intensive sectors of clothing and textiles, says AEPC chairman.) The apparel exporters have demanded a separate interest rates for garment exports. In a letter written to the finance minister Mr P. Chidambaram, Dr A Sakthivel, chairman AEPC (Apparel Export Promotion Council) has demanded that garment exports should be given a separate chapter for interest rates in export sector. In his letter AEPC

Textile exporters have rejected the recent hike in power and petroleum product prices as it would trigger inflationary impact and would ultimately affect the overall trade and business environment. Criticising the tariff hike, Asghar Ali, Chairman and Muhammad Asif, Vice Chairman Pakistan Textile Exporters Association, said businesses are already facing tough challenges and further increase in Petroleum prices and power tariff will create enormous inflation and great pressure on the business act