Pakistan’s textile exports tumbled by around 6 percent during first quarter (July to September) of ongoing fiscal year (2016-17). The country exported textile goods worth $3.03 billion during July-September period of FY2017 as against $3.22 billion of the corresponding period of the previous year, according to the fresh data of Pakistan Bureau of Statistics (PBS). Meanwhile, textile exports went down by 12.11 percent to $961 million during September 2016 from $1.09 billion of the same month o

The cotton market maintained steady trend on Wednesday amid strong demand from spinners and some exporters thanks to easily availability of quality lint owing to higher phutti arrivals into the ginneries. Firmer trading conditions were witnessed as more and more buyers rushed to build up their stocks at the prevailing prices. Leading spinners indulged in big lot deals in order to get maximum quality cotton. “At this peak cotton season there should have been brisk trading activities but due

Driven by increases in Australia and Mali, partially offset by declines in Brazil and the United States, global cotton production in 2016/17 is forecast at 102.7 million bales. This figure revealed by the US Department of Agriculture (USDA) in its October report is slightly above the September USDA projection and nearly 7 per cent higher than 2015/16. The October report forecasts world harvested area at 29.4 million hectares in 2016/17, 3 per cent below the prior season and the lowest since 1

In a bid to strengthen trade ties with the US, Pakistan has asked the former to give it preferential access to the US textile market. Ways and means to give Pakistani exporters belonging to various sectors including textiles, more access to the US market was also discussed during the 8thTrade & Investment Framework Agreement (TIFA) council meeting. Explaining this stand, Pakistani minister for commerce Khurram Dastgir Khan said, “Several international institutions have substantiated Paki

Bangladeshi jute and jute goods may be subject to 25-30 % duty upon entry to the Indian market if the local exporters are found guilty of dumping. The development comes after the Directorate General of Anti-Dumping and Allied Duties or DGAD under India's commerce ministry concluded its probe into the matter last week, said an official of Bangladesh Tariff Commission. The report is likely to be disclosed next week. “I heard that a 25 percent to 30 percent anti-dumping duty was recommended i

CHINA’S economy steadied in the third quarter, with GDP growth staying flat at 6.7 percent. Experts argue, however, that slowing income growth might affect consumer spending and further stimulus measures to stabilize the economy could postpone restructuring. Year-on-year growth was in line with the rate posted in the first and second quarters, the National Bureau of Statistics said. “The national economic performance has been generally steady, making progress and improving in quality, r

Cotton prices rose on Saturday on improved phutti (seed cotton) supply and strong buying from spinners and some exporters. The world cotton markets were mixed. The New York cotton moved higher for the second straight session and had psychological impact on the domestic market, brokers said. All the future contracts were up 70 US cents per lb. Indian and Chinese cotton markets remained under pressure due to slow activity in the textile industry. “This is the right time to stock quality cotton,

The arrival of cotton at ginneries in Pakistan by October 15, 2016, is down 6.19 per cent year-on-year to 4.374 million bales, according to the fortnightly report on cotton arrivals, prepared by the Pakistan Cotton Ginners' Association (PCGA), in joint cooperation with All Pakistan Mills Association (APTMA) and the Karachi Cotton Association (KCA). Last season, as on October 15, ginneries had received 4.663 million bales, according to PCGA data. In Punjab province, total cotton arrivals

In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their production facilities. Most of the textile makers in the country presently are relied on old textile machineries and were getting more reluctant to invest more in the backdrop of weakening global demand, said API chairman, Ade Sudrajat. Ade recommended the govern

In 2015-16, Bangladesh imported 6.2 million cotton bales during the year thereby reinforcing its position as the world's largest importer of cotton. According to US department of agriculture (USDA), Bangladesh's imports are expected to increase to 6.3 million bales in 2016-17. This raises Bangladesh's share of global imports to over 18 per cent, which is more than double its share seen 5 years before. Bangladesh’s rising cotton imports impacts various cotton exporters, especially West African