A new International Cotton Advisory Committee (ICAC) report informs that world cotton production is projected to increase 6 per cent year over year to 22.5 million tons in 2015/16. However, ICAC also estimates world ending stocks to have fallen by 13 per cent to 19.5 million tons in 2015/16, as global cotton demand outpaced production. World cotton consumption is forecast to remain stable at 23.8 million tons, with China likely to be the largest consumer in 2016/17, despite an expected decrea

India’s woollen industry is facing distress with decline in exports of woollen yarn, fabirc and made-ups by 48 percent and woollen garments by 9 percent in the first quarter of the current financial year, due to fall in demand for woollen products and prices of raw materials increasing, according to the Wool & Woolen Export Promotion Council. Wool production and consumption in India is largely import-dependent for finer quality wool used in garments and shwals, where Australia and surroun

Pakistani cotton farmers to be provided with environmental training with will cover better crop production practices around issues such as pesticides, water and child labour. The Australian Government, Cotton Australia and the Better Cotton Initiative (BCI) have joined forces to provide this training to 200,000 farmers from Pakistan. Upon completion of training, farmers will be issued will a licence that will enable them to sell fibres as 'Better Cotton' in the global market. Cotton Austra

The G20 Summit under China's presidency amid multiple risks and challenges, aiming to prescribe a therapy that brings the sluggish world economy onto a healthy growth trajectory. The summit will focus on a variety of topics essential to the world economy, including macro-economic policy coordination, innovation-driven growth, more efficient global economic and financial governance, robust trade and investment, inclusive and interconnected development, Chinese President Xi Jinping said when ad

China's plan is contributing to more efficient global economic and financial governance The Belt and Road Initiative, the Silk Road Economic Belt and 21st Century Maritime Silk Road, a new type of international cooperation mechanism launched by China, is contributing to "more efficient global economic and financial governance", one of the key issues being discussed at the G20 Leaders Summit in Hangzhou in East China's Zhejiang province. Chinese President Xi Jinping said at a symposium on

Country’s textile and apparel export to the United States market grew by 1.10 per cent to $3.23 billion in the January-July period of this year compared with that of $3.19 billion registered in the same period of 2015. In the January-July period last year, the RMG export growth in the market was 8.51 percent. Experts and exporters, however, said that the recent slow growth in the export to the US market was not a concern for Bangladesh as the downward trend was caused by fallout from a dec

Bangladesh’s processed leather export earnings fell for the second consecutive year as the country received $278m last fiscal year which is 30% less than the previous year’s Exporters attributed the fall to the international buyers’ reluctance to source from non-compliant tanneries. Industry people said the country has a large stock of processed leather at the warehouses while the Eid-ul-Azha, the Muslims’ occasion of sacrificing animals, is approaching. About 70% of rawhide are collect

Bed wear exports from the country posted 5.64 percent increase during the first month of current financial year as compared to the exports of the corresponding month of last financial year. About 27,183 metric tons of bed wear worth US $167.665 million were exported during the month of July, 2015 as compared the exports of 24,644 metric tons valuing US $158.71 million of same month of the last year. According the data of Pakistan Bureau of Statistics, bed wear exports during month of June,

The H&M Foundation’s Global Change Awards now in its second year take on one of the biggest challenges facing the fashion industry today – creating clothes for a growing population, while improving its impact on the environment. The foundation is offering a million euro grant for innovators with ideas about how to make fashion more sustainable. Last year’s winning ideas include clothing made of citrus by-products, microbes that digest waste polyester and an online marketplace for textile

India, the world’s largest producer of cotton this year due to winged pests and droughts is on track to double its cotton imports. India is looking overseas for cotton as its own production is expected to fall by 12% to 33.8 million bales in the year ending Sept. 30, according to India’s Cotton Advisory Board, a body of government officials, growers, traders and exporters. An Indian bale is about 374 pounds, smaller than the U.S. bale at roughly 500 pounds. B. K. Mishra, chairman of the Co