Brazil has requested Bangladesh to lift its ban on export of raw jute so that Brazilian jute industries can get the item. Bangladesh has kept suspended export of raw jute since November 3 last year in a bid to ensure supply of the fibre to the local jute mills and to implement the Mandatory Jute Packaging Act 2010. In a note verbale issued on Tuesday, Brazil’s embassy in Dhaka informed the Bangladesh foreign ministry that the country was seriously considering to find out alternative source

The local demand of raw jute has increased after making the use of jute sacks mandatory in packaging different agricultural products including rice, say the people related with the sector. “We now need to produce an additional 1.5m bales of raw jute annually as mandatory jute packaging law pushed up demand,” said Mohammad Kefaetullah,a director of the Department of Jute. Before the law came into effect, the jute mills under Bangladesh Jute Mills Corporation (BJMC) and private sector had an

Brisk activity was witnessed on the cotton market on Tuesday as spinners rushed to book quality lint to meet their near-future demand. However, short supply of quality cotton restricted trade volume. Floor brokers said sentiment was induced by global rising trend in major cotton markets, including the US, China and India. The overnight recovery trend sustained itself on strong demand from spinners. According to market sources, a sudden turnaround in world cotton markets influenced the dome

Russia and Turkmenistan held discussions this week to explore possibilities of selling Turkmenistan's textile and cotton products in the Russian market, the Russian Chamber of Commerce and Industry said on its website. During the discussions, the Russian side was represented by the vice-president of the Chamber of Commerce and Industry Alexander Rybakov. Turkmenistan's delegation included its ambassador to Russia Berdymurad Redzhepov, representatives of the Cabinet of Ministers and the Minist

Pakistan’s cotton production during this season to March 1 has decline by 33.85 percent to 9.727 million bales due to pest attacks, inferior inputs and lowering yields which continues to hit the crop. In the same period of last year, it produced 14.705 million bales. According Pakistan Cotton Ginners Association (PCGA) figures issued on Thursday, cotton output reduced to 5.951 million bales in Punjab from 10.741 million bales harvested a year earlier. Sindh’s production dropped marginally to

A Pakistani delegation of 26 members lead by LCCI Senior Vice President Almas Hyder on their return from the six day visit to Iran to explore unmatched business opportunity , who also visit Tehran, Sheraz, Mashhad Chambers of Commerce & Industry, Qom Free Zone and Industries located in TUS Industrial Estate, Mashhad, apart from having B-2-B meetings with their Iranian counterparts and high government officials on their return said that there is high demand of textiles based products in Iran.

Vietnam currently ranks sixth among the biggest garment exporters to the EU, trailed by China, Bangladesh, Turkey, India and Cambodia, according to the Vietnam Textile and Apparel Association (Vitas). Last year, the EU imported US$3.11 billion of apparel products from Vietnam, up 5.01% in value and 3.21% in volume, and accounting for 3.45% of the EU market share. Despite a price reduction of 2.31% from a year earlier and lower price levels than Vietnam, Cambodia’s EU market shares were hig

ADIDAS aims to add 3,000 stores in China in the next five years to the current 9,000 nationwide as the German sportswear and apparel group expects emerging cities to contribute to over 60 percent of sales. “More than 60 percent of our sales increase will be coming from emerging cities in the next five years thanks to an increase in consumer purchases,” Colin Currie, managing director of Adidas Group China, said yesterday. The company’s sales in China rose 16 percent on a currency-neutral b

Diversification of jute products could help Bangladesh grab the foreign market and enter the new era of the country’s golden fibre, said trade analysts. “To revive the country’s jute sector, products need to be diversified with innovation taking market demand into consideration,” said Khondaker Golam Moazzem, additional research director at the local think thank Centre for Policy Dialogue. He stressed the need to participation of manufacturers in the expositions and to conduct research for

Prime Minister Sheikh Hasina yesterday declared that jute and jute goods will now be considered as agro-based products so that this foreign exchange-earning sector could get all the benefits country's other agro-based items get. "Jute is an agro-based product, but other products which have little relations with agriculture are getting special benefits as the agro-based products. But jute is not getting those benefits. This is unfortunate. Let me declare one thing, we'll consider jute as an ag