Despite several challenges faced by the apparel industry, export earnings from the RMG sector rose by nearly 5% to US$22.25bn in January-November this year compared to the same period last year. According to the Export Promotion Bureau (EPB), Bangladesh fetched $22.25bn in 11 months of 2014, which was $21.22bn in the previous year. The knitwear export during the period stood at $11bn with a rise of 6.723% from the previous year’s $10.4bn. Woven products earned $11.15bn growing at 3.05% as

Domestic synthetic yarn makers forced to reduce prices, thereby incurring loss over the inventory with continual fall in prices of crude oil and key polyester yarn raw materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA). Jyotiprasad Chiripal, director at Chiripal Group said that brent crude oil prices have now fallen below $60 a barrel. In the last two month, the continual fall in crude oil prices have led to fall in prices of polyester yarn as well as its raw ma

Nandan Denim has soared 14% to Rs 64.35, its highest level since January 2008 on BSE, after it was announced that Devkinandan Corporation LLP, one of the promoters, increased its stake in the company via open market. On December 19, 2014, Devkinandan Corporation LLP had purchased 61,300 shares of the company at an average price of Rs 50.50 per share via open market through BSE and NSE, Nandan Denim said in a filing. Earlier, on December 18, Devkinandan Corporation LLP bought 65,308 shares

Rising labour costs, raw materials and slowdown has been staring at textile industry in China for quite some time now. And a move to expand outside China is also discernible to wade of from high cost of production. The most chased location to relocate is Africa attractive for companies in terms of costs and market access. In China, wage have reached US$600 on an average paid to almost 23 million textile workers As a labour-intensive industry, garment making faces huge pressure on persistent s

The price index of issue 20141222 of “China • Keqiao Textile Index” closed at 103.94 points, 0.01% lower than that of last period, 1.59% down from the beginning of this year, and decreased by 1.84% YOY. In this period, prices of textile raw material and grey cloth declined slightly, however, sales of prices of apparel fabric, home textiles and apparel accessories rebounded. A. Price of textile raw material declined slightly. According to statistics, price index of raw material in this per

General trend in the cotton market was firm, following the rising demand by mills and spinners, dealers said on Saturday. The official spot rate was unchanged at Rs 4,750, they added. In the ready session, around 20,000 bales of cotton changed hands between Rs 3500-5000, they said. In Sindh, prices were unchanged at Rs 1600 and Rs 2300, in Punjab prices were inert at Rs 2100 and Rs 2600, they said. Cotton analyst, Naseem Usman commenting on the firm trend, said that as a whole trading activi

Textile exports from the country surged by 13.02 percent in November 2014 as compared to the corresponding period of last year, according to the data released by Pakistan Bureau of Statistics. The provisional data for November 2014 released by PBS showed that the total textile exports were recorded at $1,128 million in November 2014, up by 13.02 percent over $998 million for the same month of last fiscal year. Detailed analysis of the commodities showed that ten textile products witnessed po

The 12th edition of The London Textile Fair (TLTF) will be held on the 14th and 15th of January, 2015, at the Business Design Centre in London. Organized by the Textile Events, The London Textile Fair is UK’s premier platform for fashion fabrics and clothing accessories. TLTF provides manufacturers and their agents with the opportunity to showcase their products to the most influential buyers and designers on the UK fashion scene.With more than 350 exhibitors from 18 European countries expected

The latest report "World Agricultural Supply and Demand Estimates" of USDA has pegged global output down from its previous month's estimates. In the same vein, it has upped the year-end stock, implying lower consumption volume in 2014/15. Production is reduced for the US and Greece, with smaller revisions in several other countries. Global consumption is reduced nearly 1.3 million bales, reflecting lower forecasts for China, India, Brazil, Pakistan, and Turkey. While the projected world cons

Cotton production in China has declined by 2.2 per cent year-on-year to 6.161 million tons in 2014, according to a Government survey of the country’s 31 autonomous regions and municipalities on cotton acreage, yield per unit area and total output, National Bureau of Statistics said. Compared to last year, China’s cotton output has decreased by 138,000 tons in 2014, the survey concluded. The national cotton acreage this year stood at 4.219 million hectares, which was a decrease of 126,500 hec