Australian cotton output, the world's third largest source of the fibre, will likely be boosted in the coming year by recent heavy rains across the south-west of tropical Queensland state, an industry leader said on Monday. Some cotton crops in central Queensland had been damaged by the rain but overall the picture was positive because of the rains, said Bob Bell, Chief Executive of Australia's largest cotton grower, Namoi Cotton Co-operative. "The rains will certainly benefit the crops in sou

An agency of the French Government has offered technical and financial support to the textile sector in Bangladesh in a project aimed at ensuring 'green production' processes in the textile sector. Callebaut de Blicquy (CDB) and two other French companies Dewailly Conseils and L'Eau Pure, will provide the technical and training support to Purbani Fabrics Ltd and Comfit Composite Knit Ltd. The test-project will entail installing environment friendly and cost efficient machinery in these two com

With the national sheep flock reduced to 34 million (half the number of 50 years ago) due to a continuing decline in wool income and the growth of dairy farming, there's a big question mark hanging over the future of sheep. Farmers are experimenting with ways to eliminate the workload associated with wool and focuse on the meat. Sheep that naturally shed their wool are increasingly sought after. There are now 60 registered studs of the self-shedding breeds, which include the Dorper, Dors

TAIPEI, Taiwan -- Although the proposed economic cooperation framework agreement (ECFA) between Taiwan and China will affect various industries differently, it will benefit the economies on both sides generally, according to a research report published Wednesday. However, the report did not provide any figures to specify how big an impact the ECFA would have on the two economies or to what extent it would affect various industries. The report, which was researched jointly by institution

THE $765 million a year spent by Canberra to subsidise the car and textile industries - and thousands of Victorian jobs - could be axed or scaled back under a Liberal government. Shadow treasurer Joe Hockey has raised the prospect as a "serious" option in reshaping the economy. He accused the Rudd Government of having "no appetite for hard reform". The Federal Government spends nearly $650 million a year on car industry assistance schemes and about $115 million on textiles, clothing an

KARACHI: Country’s textile exports remained flat during the first half of the current fiscal year by coming to the tune of $5.034 billion. Textile and garments exports remained almost equal to the number of corresponding period last year despite of the economic recession world over mainly because of extra ordinary exports of raw cotton and cotton yarn. The unprecedented increase of 217 percent in raw cotton export in December, which on one hand perturbed value-added textile chain, resulted in

The Textile Ministry has sought a 20 per cent increase in the budgetary allocation for 2010-11 over the current financial year allocation of Rs 4,500 crore, a top government official said. "In the current year the budget allocation is over Rs 4,500 crore. We are looking for an increase over that... We have already pushed for a 20 per cent increase. Let us see what we get," Textiles Secretary Rita Menon told reporters on the sidelines of a function here today. The enhanced allocation was ai

A 12-member delegation from Bangladesh met officials of the Apparel Export Promotion Council (AEPC) to explore the possibility of penetrating Indian domestic market. The delegation included two members of Parliament and senior representatives of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association(BKMEA) and Bangladesh Textile Mills Association (BTMA). Mr Siddiqur Rahman, vice-president (finance) of the BGMEA, said Ban

China views Ethiopia as its major economic and trading partner in Africa, says Minister of Commerce Chen Deming on Monday. The bilateral trade volume reached a historical high of 1.376 billion U.S. dollars during the first 11 months of last year, up 12.4 percent over the same period of the previous year, said Chen, adding that China's imports from Ethiopia during that period rose 202 percent to over 200 million dollars. During his talks with Sufian Ahmed, Ethiopia's minister of finance a

Hong Kong exports are expected to experience only mild growth in 2010 given that external demand will remain below their pre-crisis level, economists has said. The Hang Seng Bank on Monday estimated that Hong Kong exports fell by 12.4 percent in 2009, and projected a growth of 8.6 percent in 2010. The rebound will be significant but the total value of exports will remain below the pre-crisis level in 2008, the bank's Chief Economist Joanne Yim said in a report released on Monday.