The Australian Wool Market finished this week on a positive note with prices 3.8 percent higher, on average, at sales in Sydney, Melbourne and Fremantle, making a total upward movement or 5.9 percent over the last two weeks.The AWEX EMI increased by 24?(+3.7 percent), ending the week at 673?kg clean. This reflected increases of 29?(+4.4 percent) in the North, and 22?(+3.4 percent) in the South, with their corresponding Regional Indicators finishing the week at 687?and 662?clean respectively. The

Ministry of Commerce of the People's Republic of China (MOFCOM) reported the import and export results of Beijing for 2005.Total import and export of Beijing was US$125.85 billion in 2005, import was US$94.93 billion and export was US$30.92 billion, up by 28.3 percent and 49.5 percent separately. Total import and export of Beijing enterprises exclusive of enterprises directly under the central government amounted to US$40.32 billion, up by 43.6 percent; import was US$23.22 billion and export was

Confederation of Brazilian Hides and Skins Industries (CICB) reported that Brazil? leather exports generated sales worth $131.9 million in December 2005, up 16 percent, compared to sales of $113.8 million during the year before.Brazilian leather exports for the year 2005, reached $1.29 billion compared to $1.40 billion in 2004, registering a growth of 8 percent, the report said.Imports of Brazilian leather for the year 2005 by South Korea was worth $38.9 million, up 62 percent, compared to $24 m

Euro-zone annual inflation was 2.2% in December 20051, down from 2.3% in November. A year earlier the rate was 2.4%. Monthly inflation was 0.3% in December. EU252 annual inflation was 2.1% in December 2005, down from 2.2% in November. A year earlier the rate was 2.4%. Monthly inflation was 0.3% in December. EICP3 annual inflation was 2.1% in December 2005.These figures come from Eurostat, the Statistical Office of the European Communities.Inflation in the Member States4In December 2005, the lowe

Cotton prices are steady at KCA with the spot rate Rs2475 per maund.Total arrivals of cotton bales as on January 15, 2006 are 11,660,748, in which Punjab has a large share of 9,249,916 and from Sindh it was 2,410,832.From the total arrivals, exporters from Punjab purchased 11,100 bales and Sindh exporters purchased 51,900.Mill oweners of Punjab purchased 7,218,272 and of Sindh purchased 1,739,468 bales of cotton.Total unsold stocks of bales stood at 2,640,008 as on January 15, 2006.Around 1600 b

The Turkish textile industry has seen a slow down its activities as the cheaper labor force and energy costs in China and India, along with high value of New Turkish Lira (YTL) negatively impact the local market. One of the premier firms in the Turkish city of Bursa, Sonmez Textile withdrew from the sector, and the Akkok Group stopped its manufacturing activity at Yalova Akal Textile. Head of the Turkish Textile Industry Employers Syndicate, Halit Narin assessed the recent situation of texti

With the United States and European Union holding fast to tariffs on mainland textiles and clothing until the end of 2008, Hong Kong has a "golden opportunity" to redevelop its local industry and boost employment, the government's top labor chief told lawmakers. Matthew Cheung, permanent secretary for economic development and labor, Thursday presented a proposal before the Legislative Council that he said will encourage Hong Kong-based manufacturers to relocate operations from the mainland bac

As Chinese textile and apparel imports have been restricted, US production seems to be increased in 2005 for the first time in ten years, according to a data. Before quotas era, US textile and apparel industries have been struggling for decades. The industry has lost more than 650,000 jobs since 1994. Data revealed that US textile production is down 33.8 percent from its height in December 1997. Apparel prices have plunged 10.5 percent since the end of 1997, as cheap imports have replac

Garment export increased by 20 percent last year, and it is expected that increase would be around 40 to 50 percent in the next year, according to a leading manufacturer and exporter of fabric and garment. China leads in denim garments and it can provide garments at 50 percent less price and at a higher volume than India, but they can not provide quality, he said. Even though India leads in shirting and dress material, Sunil Gandhi, President of Gujarat Manufacturer? Association and a lead

New York's Cotton Futures remained at a high yesterday although many traders kept to the sidelines and preferred waiting for a rise in demand from China due shortly. There were signs of panic buying in Pakistan with ginners increasing prices. The current high trend in China came to halt with Future contracts crashing down. New York It was business as usual in New York yesterday following Monday's closure in observance of Martin Luther King day. Futures closed a fraction higher from Friday