Pakistan is expected to produce around 13 million bales of cotton in the current season, thereby recovering from the dip in production in the previous season. This has been made possible through close coordination between the central government and government of Punjab by controlling the Pink bollworm, which had damaged the cotton crop last season. This information was shared at a meeting of the Federal Textile Board (FTB), chaired by minister for commerce Khurram Dastgir Khan, attended by re

Fireworks light up the West Lake in Hangzhou, capital of east China's Zhejiang Province, Aug. 30, 2016. --Xinhua Policy watchers worldwide are looking to the Group of 20 (G20) summit, to be held in China's eastern city of Hangzhou in early September, to work out ways to get global economy back on track. This is also an important moment spotlighting China's leadership, as the summit is expected to see consensus and coordinated measures to tackle challenges facing both developed and develop

CHINA'S top economic planner warned on Wednesday that challenges remain in investment and trade, and meeting annual growth targets will require "arduous efforts." It is estimated that pressure will still remain in economic development in the second half of 2016, said Xu Shaoshi, chairman of the National Development and Reform Commission, during its ongoing bimonthly session. While delivering a report to the session, Xu expressed confidence that the country could meet major annual targets i

Panic buying was witnessed on the cotton market on Tuesday where prices touched a new seasonal high and crossed Rs7,000. Floor brokers said that there was growing concern about crop size, particularly when new spell of heavy rains entered cotton-growing belts of Sindh and Punjab. The uptrend in the global market was totally against the global trend where cotton prices continued to be under pressure, brokers said. However, market analysts believe that divergent trend in local and world m

With Pakistan’s cotton sowing remaining 25 percent lower this year compared to the last year, its cotton production likely to face a shortage of around 2.5 million cotton bales during current year, said Girdhari Lal of Pakistan Cotton Ginners Association. Girdhari Lal further said that with country’s cotton demand hovers around 14 million bales while the production estimated at a little above 11 million bales. According to their estimates, around 2.5 million bales would need to be imported.

NITI Aayog's proposal to build a mega textile city on the lines of the China Textile City in Keqiao district may be accepted by the Andhra Pradesh government. The textiles city would mainly cater to the export market. The process of identifying land, technology and expertise for building the city has already been initiated by the Central government. Textiles minister Smriti Irani has spoken to Andhra Pradesh chief minister N Chandra Babu Naidu asking the state government to provide land and o

Indian and Bangladesh have undertaken to resolve various impediments in Bangladeshi jute exports to India, which include ongoing anti-dumping investigations undertaken by the government of India. India imports 12 per cent of Bangladesh's jute export of 815,000 tons per annum, with value added yarn accounting for the majority of exports. In a statement after meeting Indian high commissioner Harsh Vardhan Shringla, commerce minister Tofail Ahmed said, “There is high demand for Bangladeshi goods

In its August report, USDA projected world cotton output at 101.6 million bales in 2016/17, down one million bales below the July 2016 forecast, however 4.7 million bales above the 2015/16 season, but still 9 per cent below world use. The rise in 2016/17 output has been mainly attributed to the US, with gains also expected in India, Brazil and Pakistan. The US agriculture agency also said that cotton yield is estimated to spring back and more than offset an area decrease from alternative crop

China, the top importer of cotton yarn from India, has significantly reduced its sourcing in recent past. However, India continues to be the major supplier of cotton yarn for China. China has simultaneously reduced yarn imports from the World over the past one year. In July, India’s cotton yarn exports to China plunged 75% year on year, both in terms of shipment and value. During the month, shipment was just 17 million kgs valued at US$285 million as against 66 million kgs worth US$1,118 million

In spite of the pledge made by leading retailers to introduce substantial change in the working conditions of its millions of garment workers around the world following the Rana Plaza collapse in April, 2013, conditions have yet to improve overall, even in other production countries. H&M has been called out for working with apparel factories in Myanmar which employ workers as young as 14, who labour away for over 12 hours a day, according to the book 'Modeslavar.' The authors of the book