As of February 28, the international extra-long staple cotton market, represented by American Pima cotton, has maintained overall stable quotations. It has not risen in line with ICE cotton futures, while mills have adopted a cautious attitude toward price adjustments, resulting in a deadlock in market transactions. Currently, the net price of machine-picked American Pima cotton 21-2 50 (strength 40-42 GPT) in bonded areas at Qingdao Port is 172–175 cents per pound. Shipment for January&

The Indian government recently announced a 50% cut in the rebate rates and caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, effective immediately, triggering a strong backlash from the textile industry. Under the policy adjustment, the rebate rate for cotton yarn exporters will drop from around 3.4% to 1.7%, while that for fabric exporters will fall from roughly 3.5% to 1.75%. The Indian textile industry widely regards the move as “too abrupt” and

In the final week of February 2026, Australia’s wool auction market staged a strong rebound, achieving simultaneous growth in price and volume amid a sharp increase in supply, with the core index hitting a six-month high. Following the restart of wool auctions this week, performance exceeded expectations. The national weekly supply reached 50,701 bales, the highest level since January 2023. The AWEX Wool Index rose steadily during the week, standing at 1,709 cents per kilogram on Februar

Bangladesh Commerce Minister Khandaker Abdul Moktadir recently met with Chinese Ambassador to Bangladesh Yao Wen. The two sides held in-depth discussions on substantially increasing Chinese investment in Bangladesh over the next five years. During the meeting, Minister Moktadir explicitly asked Ambassador Yao Wen to encourage more Chinese enterprises to invest in Bangladesh. He specifically noted that six fertilizer plants in Bangladesh are currently facing production disruptions due to natura

According to data from the Sri Lanka Apparel Joint Association Forum, affected by weak global demand, the country’s garment exports in January 2026 fell slightly by 2.66% year-on-year to US$425.44 million, mainly due to lower shipments to the United States and the European Union. However, the UK market delivered a strong performance: supported by the revised Developing Countries Trading Scheme (DCTS), Sri Lanka’s garment exports to the UK remained stable and recorded a modest increas

On February 24, 2026, the National Cotton Council (NCC), leading a broad bipartisan coalition of numerous national retailers and industry stakeholders, sent a letter to the U.S. House of Representatives urging lawmakers to jointly support the Buy American Cotton Act (H.R. 7230). The bill was introduced by Republican Representative Greg Murphy of North Carolina and Democratic Representative Terri Sewell of Alabama. NCC Chairman Nathan Reed emphasized that the strong list of co-signatories refle

On February 26, 2026, the 3rd Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) officially opened at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. The fair was jointly organized by the Trade Promotion Agency under Vietnam's Ministry of Industry and Trade and Messe Frankfurt, and runs through February 28. On its opening day, the event demonstrated strong regional appeal. The scale of this year's VIATT has significantly expanded, wi

On Thursday, February 26, Bahia completed its 2025/26 cotton planting on Wednesday. Compared to the previous crop year, the planted area remained stable at approximately 414,000 hectares. Preliminary estimates indicate that processed cotton production will reach 815,000 tons. The expected cotton yield per hectare is 1,968 kilograms. Compared to the previous week, the area under irrigated cotton cultivation has grown by nearly 20%, and this technology now accounts for 40.7% of the state's planted

According to the press service of the President of Uzbekistan, President Shavkat Mirziyoyev announced at a recent meeting reviewing the agricultural mechanization development program that the country plans to increase the proportion of mechanized cotton harvesting from the current 52% to70% by 2026, aiming to further reduce manual labor in agricultural production. To achieve this goal, Uzbekistan plans to significantly expand its agricultural machinery fleet this year. According to the plan,th

Just as the U.S. government's measure to impose a 10% import tariff on global goods under Section 122 of the Trade Act of 1974 took effect on February 24, U.S. President Trump announced the next day an increase of the rate to 15%. This sharp policy reversal within just 48 hours has plunged global trading partners into deep confusion. The trigger for this tariff policy chaos was a ruling by the U.S. Supreme Court on February 20. The Court determined that the previous large-scale tariffs imposed