Readymade garment exporters will benefit, given that the export volumes are also on the rise since the beginning of 2013 after nearly two years. Photo: Mint The sharp fall of the rupee over the past few months should improve the revenue of many textile companies since most of them accrue from exports. Cotton textile exporters would get more value for every dollar-denominated sale unit made in the global markets. Readymade garment exporters will benefit, given that the export volumes

The US government raised its forecasts for US cotton inventories on the back of reduced export estimates in the current crop year and upped its projections for ballooning global supplies amid higher output and falling consumption. The forecasts in the July US Department of Agriculture (USDA) report was seen as bearish for prices, particularly as it reflected a less friendly balance sheet in the United States following a previous forecast of tightening supplies in the world's top exporter. Ex

Wages in Bangladesh's readymade garment (RMG) sector fell more than 2.0 per cent in the last decade in terms of real purchasing power parity (PPP) for which the country has been the choice for relocation of textile industry, said The Washington Post on Friday. Foreign investors have been relocating garment industry in Bangladesh over the last few years as wages started to rise in China, India, Indonesia, Vietnam and some other garment producing and exporting countries. "Measured on a real PP

India's cotton exports are estimated to have plummeted by 36 per cent to 9.14 million bales in the first 11 months ended June of the current marketing year, a latest USDA report said. The country had shipped 13.91 million bales of cotton in the August-June period of the 2011-12 marketing year. One bale contains 170 kg of cotton. The cotton marketing year runs from August to July. "Preliminary data suggest that exports reached 9.1 million bales through end of June," the US Department of Agric

Top 10 Categories in Rising Top 10 Categories in Falling 1、Lining 1.10% 1、Bedding -1.91% 2、Viscose/Wool Fabric 1.04% 2、Nylon Fabric -1.17% 3、Lace 0.54% 3、Thread & Rope -0.83% 4、Polyester/Wool Fabric 0.41% 4、Viscose Fabric -0.80% 5、Polyester Fabric 0.41% 5、Apparel Lining -0.78% 6、Curtain 0.31% 6、Belt -0.76% 7、O

Top 10 popular fabric (2013-07-15) Item Width(cm) Weight/Composition/Specification Price(Yuan/m) Wool Like Crepe Linen 150 75poy+100fdy×75poy+100dty 9.60-10.00 Printed Chiffon Linen 150 100Dfdy×100Dfdy 6.50 Imitation Wool Serge 150 t/r32s/2×32s/2、78×60 12.60-13.80 Printed Artificial Cotton 145 40s×40s、100×80 7.70-7.80 240T Polyester Pongee 150 75Ddty×75D、150×90 4.40 Cotton Air-jet Can

Textile Raw Material Price 2013-07-15 Item Price Unit Fluctuation Date Oil WTI 106.52 USD/Barrel 3.48 2013-07-15 PX 1439 USD/Ton 27 2013-07-15 PTA Buy 7750 RMB/Ton 20 2013-07-15 PTA Sell 1060 USD/Ton 0 2013-07-15 MEG Buy 7400 RMB/Ton 30 2013-07-15 MEG Sell 1015 USD/Ton 10 2013-07-15 CPL Buy 18100 RMB/Ton -50 2013-07-15 CPL Sell 2345 USD

Luxury brands have seen a drop in sales in South Korea, despite the Asian sector remaining a strong sales territory for most luxury companies. South Korea's economic turmoil has affected consumer confidence, especially spending on high end fashion and luxury goods. In figures, Burberry Korea’s sales fell 5.3 percent to KRW228.1bn (approximately 201.5 million dollars) in the year to March 31 while its net profit dived 35.1 percent. Gucci Group Korea also posted a 4.5 percent decline to KRW282.6

Gap has reported that its June 2013 net sales increased 8 percent compared with last year. Net sales for the five-week period ended July 6, 2013 were 1.53 billion dollars compared with net sales of 1.41 billion dollars for the five-week period ended June 30, 2012. “We are pleased with our June sales results,” said Glenn Murphy, Chairman and Chief Executive Officer of Gap, adding, “Old Navy's performance was particularly strong.” Due to the 53rd week in fiscal year 2012, June 2013 comparable sal

The leather sector exports have declined 17.21 percent during the last six fiscal years from $1.220 billion in FY 2007-08 to $1.010 billion in 2012-13. The growth rate of leather sector exports was in minus and exports reduced to 14.09 percent as against positive growth in the region with 47 percent, 40 percent, and 102 percent in China, India and Bangladesh, respectively during the six fiscal years. Commerce Secretary Qasim Niaz discussed the problems of this important sector, which is prov