Vietnam will increase its cotton and fabric production to meet the high demands of garment exporters, said an official of Vietnam Cotton and Spinning Association (VCOSA) at the recently concluded 15th Vietnam International Textile & Garment Industry Exhibition, as per Vietnamese media reports. Nguyen Hong Giang, general secretary of VCOSA, said that domestic garment exporters will need to make use of either locally produced cotton or import cotton produced by the member countries of the

During the last three and a half months, over one million spindles capacity has been closed down in Pakistan mainly because of the unbearable high cost of doing business, said Tariq Saud, chairman of All Pakistan Textile Mills Association (APTMA). He said that all these spindles were predominantly contributing to the exports of the country. The main cause of closure is the unaffordable cost of energy, particularly the extortionate and unjustified burden of Rs3.63 per unit surcharges inclu

With the conclusion of Trans-Pacific Partnership agreement, the apparel produced in the Southeast Asian country for the United States market will be tariff-free. This has enticed Chinese textile manufacturer to Vietnam which is turning into a hot spot as it has become a major importer of fabrics and a leading exporter of clothing. But weak domestic production has left local companies struggling to cope with international demand. However, before the zero-tariff policy reached by the TPP, many

The country is expected to foot a bill of $1.2 billion for cotton imports to meet the shortfall as current season’s (2015-16) crop was damaged by monsoon rains and floods. On an average, domestic consumption of cotton by the spinning industry is at around 10.55 million bales. During last cotton season, the country produced around 10.480m bales and imported about 1.2m bales to meet the demand. The total available cotton last year for the spinning industry was around 10.60m bales out o

The cotton ginning industry facing loss of about Rs 8 crore a day on trading roughly around 80,000 bales every day due to weak prices. There are around 4,500 ginning units in the country, almost half of which are not operational at the moment According to industry estimates, ginners are losing Rs 800-1,000 per bale as cotton prices have fallen by Rs 1,000 per candy to Rs 32,000-32,500 in the last two weeks, while prices of cotton seeds are down by Rs 75 to Rs 400-425 per 20 kg. Given the weak

Adidas, the German maker of sportswear and equipment, raised its full-year sales and profit targets on Thursday as strong demand for its Adidas and Reebok brands powered a strong third-quarter performance. "In the third quarter of 2015, the Adidas group delivered a stellar financial performance," boasted chief executive Herbert Hainer. In the period from July to September, net profit rose by 10.4 percent to 311 million euros ($338 million). Underlying or operating profit was up 26.5 per

Garment workers' real wages have increased but there is scope for a further increase as competitiveness of the $27 billion export-earning sector has not eroded due to a wage spike in 2013, according to a study by Bangladesh Institute of Development Studies. The study calls for participation of global buyers and retailers to improve working conditions so that workers can make a living, saying that buyers and retailers take 75-88 margins over the retail prices of an apparel item. “They canno

Pakistan government likely to consider reduction in regulatory duty on the import of cotton yarn to benefit the garment sector as the cotton yarn, fabric commercial and value addition sector exporters are now facing 10% regulatory duty on imports from November 1, 2015, a source in the Ministry of Finance has hinted. The performance of value addition by woven garments sector is 846%, hosiery/knit garments 616% and spinning sector is 59%. In the recent meeting with Finance Minister Ishaq Da

Workers push harvested cotton with their feet as they unload it from a supply truck at a cotton processing unit in Kadi, in the western state of Gujarat India, the world’s biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 %from a year ago as demand from Asia is expected to improve, a senior government official told reporters on Tuesday. Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the

Confederation of Indian Textile Industry’s Cotton Development and Research Association, which has been active in Rajasthan for the past few years, now plans to raise yield there to 1,000 kg per ha. With higher yield, Rajasthan’s production has also increased to around 170,000 bales. P D Patodia, chairman, CITI standing committee on cotton, said that they had set a target of raising yield to 1,000 kg (per ha). Rajasthan is expected to have the highest cotton yield this season. The Cotton A