Exhibitors from 85 countries and regions, including Spain, Italy, Germany, Russia, South Korea, Japan, Malaysia, India, Pakistan, Australia, and Tanzania, attended the 2019 China Yiwu Imported Commodities Fair, a platform for Yiwu’s opening up to the world. The show attracted 48,800 buyers, up 48.41 per cent compared to last year, from 81 countries.There were more than 100,000 varieties of daily necessities covering handcrafts, household goods, maternal and baby care, clothing accessories, food

The revenue of VF Corporation in the fourth quarter of fiscal 2019 has climbed 6 per cent (up 9 per cent in constant dollars) to $3.2 billion. The growth was driven by VF's largest brands, international and direct-to-consumer businesses, as well as strength from the Active, Outdoor and Work segments. Excluding Kontoor Brands, revenue gained 8 per cent.Pic: VF CorporationFull year 2019 revenue from continuing operations increased 12 per cent (up 13 per cent in constant dollars) to $13.8 billi

ITMA is the largest textile machinery exhibition in the world takes place every 4 years. ‘Innovating the World of Textiles’ is the theme for the 18th edition of ITMA where the textile and garment industries converge to explore fresh ideas using innovative products and designs.ITMA 2019 at a glanceDate & place: 20-26 June 2019, Fira De Barcelona, Gran Via, Spain1,700+ original manufacturers from 45 countries exhibiting their products, solutions, and ideasGross exhibition area of 220,000 squar

TheAssociation of India (CAI) has retained its May estimate of the cotton crop for 2018-19 season that began on October 1, 2018, at 315 lakh bales i.e. at the same level as in the previous estimate.The total cotton supply estimated by the CAI during October 2018 to May 2019 is 325 lakh bales of 170 kg each with consumption at 209 lakh bales.Up to May 31, 2019, total cotton arrival at markets is estimated at 287.72 lakh bales, while imports are pegged at 9.28 lakh bales. In addition, there was an

Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) recently announced they will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by AP Moller-Maersk and IBM. The companies will promote TradeLens and create complementary services on top of the platform for their customers and partners.Pic: MaerskData for nearly half of the world’s ocean container cargo will now be available on TradeLens.TradeLens enables participants to connect, share i

Applied DNA Sciences has closed the loop on traceability for Egyptian Pima using DNA-based genotyping assays forauthentication. These assays have been used to verify fibre and will be extended to yarn, fabric and finished goods in an ongoing validation programme. These will help verify the type of cotton, its origin, and the blending of cotton fibre.The Egyptian Pima developments join and expand a series of US Pima cotton assays performed within Applied DNA testing services and are based on work

The Indian commerce ministry is reportedly exploring means to support sectors hit most by the US decision to withdraw the generalised system of preferences (GSP) scheme that allowed duty-free exports of more than 3,000 items. In its official reaction, the ministry said it was ‘unfortunate’ that New Delhi’s resolution on the issue was not acceptable to Washington.“We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain t

A hike in Chinese tariffs on most US imports on a $60 billion target list became effective on June 1 as scheduled, which is being viewed as Beijing’s retaliation to Washington’s escalation of the ongoingwar between the two. Announced on May 13, the decision applies additional 20-25 per cent tariffs on more than half of the 5,140 US products targeted.Beijing had earlier imposed additional rates of 5-10 per cent on the targeted goods.After the last round of trade talks between the two sides ended

By 2025, 100 per cent of theused by Benetton Group will be sustainable, either organic or recycled or will be sourced from Better Cotton Initiative (BCI) farmers. Always committed to reducing the environmental footprint of its activities, Benetton Group, a member of the BCI since 2017, has already started the transformation process.In 2018, organic cotton – cultivated according to the strict principles of bio-cultivation, free from GMOs and with a reduced environmental impact – represented 4.7 p

The next edition of Yarn Expo Autumn 2019 will be organised during September 25-27 in Shanghai, building on the success of the Yarn Expo Spring 2019 which reported positive feedback from exhibitors about the quality ofbuyers, while buyers expressed satisfaction about the diverse variety of products that met their sourcing needs and trends.At Yarn Expo Spring 2019, three exhibitors - Birla Cellulose (China),Council International (USA) and Safilin (France) - were selected for in-depth case studies