The reversal of cotton policy by China has hit Pakistan’s yarn production and yarn export, reveals a report recently issued by the State Bank. China has been building cotton stocks since 2011 by offering higher than competitive prices to local farmers. The consequent widening of the gap between international and the local cotton prices encouraged Chinese manufacturers to increase their import of cotton yarn and its bi-products. Pakistan’s export of textile items flourished due to this policy.

The Textiles Ministry will hold talks with the Punjab Government to convince it to bail out the country’s crisis-stricken jute industry. The industry has taken a further hit due to the State not honouring its sourcing commitments this production season. Santosh Gangwar, Minister of State for Textiles (independent charge), has assured jute manufacturers that he will meet Punjab Chief Minister Prakash Singh Badal to find out why the State did not place any orders for jute bags in June and Ju

The leather industry has set records for exports that soared 32.12 percent year-on-year to $1.29 billion in the immediate past fiscal year, according to Export Promotion Bureau. Competitive prices and improved quality of Bangladeshi products that rope in more and more European and Japanese consumers and rising costs in China have led to the growth, exporters said. Also, the earnings in fiscal 2013-14 were 6.59 percent higher than the target set at $1.21 billion for the sector. Exports o

Apparel exports to the US fell 1.12 percent to $2.18 billion in the first five months of 2014 from the same period last year, according to the US Department of Commerce. Garment exporters attributed the sluggish trend to fallout from the Rana Plaza building collapse and political turmoil that struck Bangladesh last year.Some retailers may shift focus from Bangladesh to other destinations, said Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association. Bangladesh

Market-penetration teams including representatives from the government and private sectors have been set up to promote export growth, obeying the policy of the military's National Council for Peace and Order. Nuntawan Sakuntanaga, director-general of the International Trade Promotion Department, said the teams would try to increase exports to key markets, namely Asean, China, Africa, Latin America, the Middle East and Commonwealth of Independent States (CIS) countries. Trade officials and re

As per the July 2014 Cotton USA global economic update, 2014-15 world cotton production is estimated at 116.4 million bales, 500,000 bales higher than estimated in June. 2014-15 world ending stocks are estimated at 105.7 million bales, 3.0 million bales higher than June. 2014-15 US cotton production is estimated at 16.5 million bales, 1.5 million bales higher than estimated in June. 2014-15 US cotton exports are estimated at 10.2 million bales, again 500,000 bales higher than in June.

A major fire broke out in a local textile mill in Sohrab Goth Industrial Area police limits on Saturday, causing loss of millions of rupees. According to the Central Fire Station, the blaze erupted at about 7:55 pm in Al-Hadi Textile Mills situated in Gulshan-e-Maymar’s Textile Mills Area and within minutes it spread to other parts of the mill due to which valuables worth millions of rupees were reduced to ashes. At least seven fire tenders of the KMC reached the spot and took part in th

That Finance Minister Arun Jaitley addressed the requests of trade and industry associations here in the Budget came in for wide applause. Southern India Mills’ Association Chairman T Rajkumar lauded the Government for extending the optional route CENVAT. “We had sought continuation of optional route till GST is implemented to have a level playing field. The optional route has been in vogue from July 2004 and it has helped the industry achieve significant growth despite the recession in 2008-

The new markets include Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey Apparel export to non-traditional markets increased by over 21% during the financial year 2013-14. The new markets include Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey. Bangladesh’s traditional markets for garment exports are Europe and the United States. Export Promotion Bureau data showed the country earned a total

Italian sportswear brand Kappa and U.S.-based retail giant Walmart apparently source clothing from the latest addition to the International Labor Organization’s (ILO) list of low-compliance factories, according to a union leader at the factory who provided the branded tags from the clothing her members cut and stitch. Hung Tak Garment factory was last week added to the “lowest compliance” category of the ILO’s Better Factories Cambodia (BFC) transparency index. BFC inspectors identified 19 ar