CHINA’S exports rose sharply slower while imports fell by a wider margin in April month on month amid a still weak recovery momentum. Exports in yuan-denominated terms rose 4.1 percent year on year last month to 1.13 trillion yuan (US$174 million), slower than the 18.7 percent jump in March, data from the General Administration of Customs showed yesterday. Imports fell 5.7 percent year on year to 827.5 billion yuan, falling for the 18th straight month and the drop widened from the 1.7 perc

The country's readymade garment exports reached $1.609 billion in the last nine months of the current fiscal year, up by over four percent, official figures say. According to Pakistan Bureau of Statistics, the readymade garment exports witnessed an increase of $64.922 million in July-March period of FY16, which stood at $1.544 billion in the same period last fiscal year. The readymade garment exports volume grew by two percent or 361,000 dozens to 23.472 million dozens from 23.111 million dozens

All Pakistan Textile Mills Association (APTMA) has sought exemption from additional anti-dumping duty on the import of specialty polyester fibre which is not being produced domestically as additional duty is limiting the textile industry from product and market diversification. The association sent its request to Commerce Minister Engineer Khurram Dastgir Khan who is also looking after the parliamentary business of Ministry of Textile Industry. Senate Standing Committee on Commerce has recom

The new SATEC textile factory under construction in Dondo, Cambambe municipality, northern Cuanza Norte province, as part of a public-private partnership around USD400 million have been spent on the construction works. The chairman of the board of directors of the Angolan business group "Mainhia Yeto", in charge of the work, Matos Cardoso released the information on Friday that the aforementioned amount was used in the construction of infrastructure and purchase of equipment for the project,

The Woolmark Company's new wool resource centre in Hong Kong Global authority on wool, The Woolmark Company opened a new resource centre in Hong Kong to disseminate sourcing information, market intelligence and technical innovations on Australian Merino wool to designers, garment makers, wool growers, retailers, spinners, knitters and students. The resource centre will also conduct seminars and training workshops on the potentials of Australian wool. It will house a showroom, a library an

During the trading session at cotton market, buyers purchased fine grade lint on slightly higher price at around Rs5,000 per maund to Rs5,525 per maud. Around 300 bales changed hands, said floork brokers. The Karachi Cotton Association (KCA) spot rate remained firm at Rs 5,650 per maund. According to a senior trader, Ghulam Rabbani, buyers and sellers remained entangled in price war on second grade stuff and buyers bought grade at around Rs 5,375 per maund to cater their immediate need.

China's cotton reserve sales which begins tomorrow, are likely to impact the country's imports and stocks, the Washington-based International Cotton Advisory Committee (ICAC) has said in a press release. The Chinese government announced its plan for auctioning cotton from its reserve last month. Sales will begin on May 3 and run through the end of August, immediately before the harvest of the 2016-17 domestic crop. Although sales are beginning in May this season, the Chinese government exp

Textile manufacturers have expressed worries over the government plan to further increase gas price, saying that such move will put the sector in trouble on global market. Bangladesh Textile Mills Association (BTMA) leaders made the comments at the “World Cotton Outlook Summit 2016” in Dhaka yesterday. BTMA and IBC Asia jointly organised the two-day event, aimed at improving relationship between buyers and suppliers. According to media reports, several gas companies have proposed 130% incr

Cotton trading was slow on Monday as sellers preferred to hold back their limited stocks anticipating higher prices in the coming days. Dwindling cotton stocks held by ginners and a long delay in the arrival of next crop were a cause a concern for spinners who have yet to meet their seasonal demand, brokers said. Reports coming from Sindh cotton fields indicate that lesser area has so far been came under cotton cultivation compared to the same period of last season. In Punjab, growers a

At the second edition of the Leatherworld Middle East 2016, which concluded recently in Dubai, global tanners and manufacturers witnessed a growing appetite for luxury spending in the Gulf countries. The shrinking demand of luxury goods in countries like Russia and China has affected the entire leather supply chain and hence many global investors are eyeing the Middle East, as a growing market with a strong demand for luxury leather products. “The high-end luxury feel was evident througho