A woman in a fur coat checks new arrivals at a store in Haining, Zhejiang province. China's fur exports dropped 15.7 percent in the first nine months to $2.47 billion.[FENG HAIJUN/FOR CHINA DAILY] Fur production, export and consumption are languishing this year, with growth rates dropping significantly from last year, according to the latest industry figures. Huang Yanjie, director of the fur committee of the China Leather Organization, said the sector has grown at its slowest pace in the

The government has banned exports of all types of raw jute for an indefinite period, according to an order issued by the textiles and jute ministry yesterday. The decision has been taken to meet the country's additional demand for jute in implementing the mandatory jute packaging law, Mirza Azam, state minister for textiles and jute, told The Daily Star. Earlier, the government had imposed a similar ban for a month, starting on November 3. “We will be in a crisis if we don't stop raw ju

India's total cotton output in the country is estimated to be 370.50 lakh bales for the 2015-16 season which began on October 1, the CottonAssociation of India (CAI) has said. In a press release, it said the figure is same as the October estimate of 370.50 lakh bales (of 170 kg each). Tthe estimate is lower by 12.25 lakh bales than the output of 382.75 lakh bales for the cotton season 2014-15, it said. The crop damage in Punjab and Haryana due to the whitefly attack this year is a major fa

The Vietnam Textile and Apparel Association (VITAS) said that the garment and textile sector exports will grow an average of 11.5 per cent per year from now till 2020. According to the VITAS reports, the sector is expected to generate export revenue of US$27.5 billion this year, and increase this value to $31 billion next year and $45 billion to $50 billion by 2020. Vietnam's garment and textile exports totalled $20 billion in the last nine months of this year, an increase of 10 per cent o

Pakistan local textile industry badly affected by the surge in import of man-made fibre (MMF) yarns, including polyester, acrylic and fabric, in the domestic commerce. The import of MMF yarns has surged to 72,300 tonnes in 2014-15 against 47,700 tonnes in 2012-13. Similarly, the import of fabric made from MMF yarns has also reached to 562,000 square metres in 2014-15 against 180,000 square metres in 2012-13, according to the Acting Chairman Shahid Mazhar of All Pakistan Textile Mills Association

At the two-day Taiwan Textile Fair (TTF) organized by Taiwan Textile Federation, supported by the Tirupur Exporters Association (TEA), and the Confederation of Indian Textile Industry (CITI) held from Dec 1 to 2 in India-Bengaluru , the Taiwan Eco Textiles to promote green environment encouraged textile manufacturers to make use of Polyethylene terephthalate (PET) bottles to spin yarn . The environmental edge of PET bottle polyester fibres is that they are recyclable, according to Taipei Econ

Trading activity at Pakistan cotton market showed improvement on Tuesday fearing rise of short supply, according to dealers. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and in the Punjab, rates were at Rs 2300 and Rs 3000. The official spot rate was down by Rs 50 to Rs 5,300. In the ready business, deals of over 14,000 bales of cotton finalised between Rs 5125 and Rs 5600. Dealers said. According to cotton analyst, Naseem Usman, there is no fundamental change to observe just

Vitas reports said the sector is expected to generate export revenue of US$27.5 billion this year, and increase this value to $31 billion next year and $45 billion to $50 billion by 2020. In the first nine months of this year alone, Viet Nam's garment and textile exports totalled $20 billion, an increase of 10 per cent over the same period last year. Vu Duc Giang, who was voted chairman of the Vitas at a congress last week, said that global integration will facilitate Vietnamese garment

THE International Monetary Fund (IMF) executive board has decided to include the Chinese currency, the yuan, to its Special Drawing Rights (SDR) basket, marking a milestone in the renminbi (RMB) global march and a vote of confidence in China's ongoing financial reforms. During a meeting on the regular five-yearly review of the SDR basket, the IMF executive board, which represents the fund's 188 members, decided that the RMB "met all existing criteria," the Washington, D.C.-based international

Cambodia’s garment industry continued to perform “solidly” through the first half of the year, allaying fears that recent minimum wage increases would cripple one of the country’s main economic engines, according to the latest figures released by the International Labor Organization (ILO). According to its latest industry bulletin, drawing on data from the Ministry of Commerce, garment exports over the first half of the year hit $3 billion, growing 12.7 percent over the same period last year.