In April 2013, China's cotton import dropped moderately in quantity term from the previous month, but the average import price surged. According to Customs statistics, China imported 430,900 tons of cotton in April, a decrease of 97,900 tons and down 18.5% from March, and down 15.5% year-on-year. The average import price stood at US$ 1942/ton, registered an increase of US$ 60 by 18.4% from March. In the first eight months of 2012, cotton import totaled 3.16 million tons, down 15.6% year-on-y

South Korean Textile Technologies Group (TTG) has completed the construction of a $70-million textile factory in the Tashkent region, said state company Uzbeklegprom, which unites Uzbekistan’s textile enterprises. The new factory will process 8,000 tons of cotton and produce 6,000 tons of cotton yarn, 7.5 million square meters of cotton fabric, and 5 million pieces of textile products a year. At least 80% of the output is meant for export. The project was financed by direct investments of the

THE US sportswear multinational Nike Inc has called for an inquiry by Cambodia into a police crackdown on workers at one of its suppliers, during which a pregnant women miscarried and other people were injured. Nike expressed "deep concerns" over the May 27 incident at the Sabrina Cambodia Garment Manufacturing plant outside Phnom Penh, in a letter to Cambodia's commerce and labour ministers released late on Friday in the United States. Several factory workers were injured by police when

In a bid to curb the widening Current Account Deficit (CAD), recently inducted Union Minister of Textiles K S Rao said on Wednesday that the government had fixed the textiles export target of $50 billion for the financial year, 2013-14. “CAD is affecting the nation s economy and textiles sector is one sector where we can increase the exports substantially. I am given to understand that our textiles exports is about $34 billion today, which I wish to make at least $50 billion by end of the curr

The Textiles, Garments and Leather workers Union, TGLEU, has expressed concern about the collapse of the textiles industry in the country due to influx of cheap pirated textiles. Speaking to Radio Ghana, the secretary General of the union, Abraham Cockneyism said most textile companies are closing down and laying off workers due to lack of market and other factors. He said unless something urgent is down Ghana will not have any viable textile industry. Mr. Cockneyism also stressed the need

China's May cotton imports fell 31% from a year earlier to 345,778 metric tons, the General Administration of Customs said Friday. January-May imports fell 17% to 2.14 million tons, it said. China is the world's largest cotton importer, sourcing most of its supplies from countries such as the U.S., Uzbekistan and Australia. Source: Dow Jones Newswires .

Designers, distributors and stockists of denim products from the US face a significant hit to margins after the European Union raised import duties. From May 1, all denim products imported to the UK and Europe from the US have been subject to a 38% duty – up from 12% previously. According to a notice sent out by HM Revenue and Customs (HMRC), denim products have been added to a list of goods that attract higher custom duties “in retaliation” to a 13-year-old piece of US legislation called th

Cotton price was improved on the back of decreasing supply and good demand of domestic mills. Moreover weak rupee position may encourage export demand for short term. Traders said that immediate supply concern and weak rupee were supporting domestic prices. Domestic supply position remained tight due to higher exports and strong local consumption. Traders said that if rupee sustain at current levels further export of 700,000-800,000 bales can not be ruled out. Gujarat Sankar-6 cotton was

Global cotton production is forecast to exceed consumption for the 4th consecutive year in 2013/14, but declining production and rising demand are expected to bring the market into closer balance. In 2013/14, the world cotton crop is forecast to drop 3 percent to 117.8 million bales, with gains in the Southern Hemisphere and South Asia more than offset by declines in the United States and China. Modest growth in world gross domestic product (GDP) is expected to boost cotton consumption in 20

US efforts to forge a “21st Century” trade agreement with Vietnam and 10 other countries in the Asia Pacific region are running into problems mired in the past, including a textile trade policy that US industry does not want to give up. The US hopes to finish talks on the proposed Trans-Pacific Partnership (TPP) pact by the end of the year, but Vietnam says the sides are nowhere close on its biggest priority: Market access for its clothing and footwear exports. The latest US offer “is really