Demand for cotton will remain stable in the country as Indian and Chinese investors are relocating their textile companies to Bangladesh, the Economist Intelligence Unit (EIU) said. Low costs will offer incentives for companies to relocate to Bangladesh, it said. Cotton consumption in Bangladesh moves largely in tandem with activity in the textile sector, which is currently booming, the EIU said. “After growing by an estimated 14.3 percent in 2012-13, we expect the consumption growth to

Higher ending stocks outside China and lower imports into China will put downward pressure on international prices in 2014/15. Additionally, world production is likely to exceed consumption in 2014/15, though by a lesser amount than in the past four seasons. As a result, world ending stocks are expected to rise by 6% to 21.4 million tons and the stock-to-use ratio would be 89%, or in other words there would be enough cotton stocks to cover consumption for nearly 11 months. This would be the fift

Despite duty-free market access granted to Pakistan by the EU countries under GSP Plus status from January 2014, the exports of several textile items including towel, synthetic textile and cotton yarn, are still showing negative growth. As per data, the exports of synthetic and silk textile during the concluding fiscal year of 2013-14 were recorded at $348.39 million compared to $369.17 in 2012-13, showing a decrease of 5.63 percent. However, the exports of all other textile products increase

Despite attaining a much-desired GSP plus status, the country could earn just $1.768 billion in July-May period of fiscal year 2013-14 through the export of readymade garments, exporters said on Tuesday. The country's total export of readymade garments during July-May 2013-14 witnessed a meagre increase of $128 million (8 percent) from $1.640 billion in the same period last fiscal year, official figures say. The exporters said that the 8 percent increase was not an impressive growth consider

President Pranab Mukherjee on Tuesday called for urgent steps to develop the textiles sector, saying its products are vulnerable to competition from cheaper imports and machine-made substitutes. He said there should be "concerted and collective" steps to safeguard the interests of the handloom and handicrafts sector, including facilitation of easier access to credit. Besides, he said, promotion of handloom and handicraft products in domestic and foreign markets and research for developing

State-owned jute mills under the Bangladesh Jute Mills Corporation incurred loss of Tk 383.87 crore in the 2012-13 fiscal, after making profit in the previous two fiscal years. Textiles and jute minister Emajuddin Pramanik stated this in parliament in reply to a starred question of Sharif Ahmed. Source: New Age BD.

Craving a mobile phone but unable to afford it, a boy, not even in his teens, dropped out of school in his Rajasthan village to join friends working at a cotton plantation in neighbouring Gujarat. What followed was a harrowing two months that not only shows how child labour is flourishing but the inhuman conditions and near-torture thousands of such minors across the country undergo. Lakshman Lal Kharari, a 12-year-old from Bhesana village in Jhadol block, around 40 km from Udaipur, was on

Domestic textile manufacturers have asked the anti-dumping authority to drop its investigations into several types of yarns and plans to impose any measures due to potential losses on downstream players requiring the products. The Indonesian Anti-Dumping Committee (KADI) has proposed punitive duties ranging from 4.5 to 16 percent on the products in question to offset losses caused by the alleged dumping practice, according to Indonesian Textile Association (API) chairman Ade Sudrajat.He said

The government's plan to apply an anti-dumping duty on three types of yarn is expected to make things tougher for the textile industry that is already burdened by the power tariff hike, rupiah depreciation and an increased minimum wage. Therefore, the Indonesian textile Association (API) voiced their objection over an investigation conducted by the Indonesian Anti-Dumping Committee (KADI) on the three types of imported yarn. The investigation committee is recommending the extension of additio

Eyeing bigger pie of global textile market.—White Star file photo Exports of textile and clothing products witnessed an increase of 5.96 per cent in July-May 2014 from a year ago, mainly owing to a slight increase in export of value-added products. The export value of such products surged to $12.626 billion in the first 11 months of the outgoing fiscal year as against $11.916bn over the corresponding period of last year, showed data of Pakistan Bureau of Statistics here on Monday. Only