High domestic cotton prices and low polyester prices in China have made its cotton spinning sector less competitive and which is also the world's largest consumer of cotton. “The Cotlook A Index and the price of polyester in China were nearly equal during most of the 2000s, with cotton sometimes cheaper of the two,” the International Cotton Advisory Committee (ICAC) said in a press release.According to ICAC, the prices started diverging in 2009/10, and cotton prices have remained substantiall

Seed cotton (Phutti) equivalent to over 1,339,990 bales of cotton have reached ginneries across Pakistan as of September 1 showing 23.96 percent decline compared to corresponding period last year when ginneries received 1,762,282 bales, according to figures of cotton arrival up to September 1 issued by Pakistan Cotton Ginners Association (PCGA). According to the first fortnightly report issued by PCGA on Thursday, out of the total arrivals, 1.33 million bales of cotton have been converted in

Bangladesh’s exports of readymade garment products to the US market maintained a steady growth in recent months as the US economy is recovering from a recent slowdown and the buyers are regaining confidence in the Bangladeshi products with the improvement of compliance situation, exporters said. The RMG export earnings from the US market in the first seven months of this year grew by 8.51 per cent to $1.19 billion compared with that of $2.94 billion in the same period of last year, according

Bangladeshi RMG makers may have to set up manufacturing units if they want to establish any warehouse in India. The India auhority hinted at setting up of manufacturing units by the RMG business leaders during a meeting held in Gujarat between the two parites. “The Indian government hinted us at establishing manufacturing units for the sake of its interest, creating employment, if we want to open our warehouse there,” BGMEA Vice-President Shahidullah Azim told the Dhaka Tribune. Azim sa

The Tirupur Exporters' Association (TEA) has said the Tamil Nadu government's decision to form a consultative committee will help the industry. The State Textile Consultative Committee will be headed by textile minister Gokula Indira. TEA also welcomed the extension of state support of up to 25% of project estimates under its scheme for integrated textile processing development. "This was a major requirement for the improvement made in the process sector," said A Sakthivel, president, T

Vietnam garments and textile sector is viewed as one of the industries which will benefit the most from the Trans-Pacific Partnership (TPP), many businesses are striving hard to stay ahead to avail opportunities ushered in by TTP and have started proactively putting in place measures to be able to avail these opportunities such as investing in modern production lines, upgrading facilities, improving design and product quality and finding access to the market. Following the signing of the TPP

The Pakistan cotton market on Monday after an improvement in phutti supply, trading activity improved as exporters also took part due to slip in rates. Dealers said that the official spot rate sustained overnight level at Rs 4,550. While, cotton prices in Sindh were lower by Rs 50 to Rs 2300 and Rs 2400 and in Punjab rates at Rs 2200 and Rs 2400. In the ready business, over 16,000 bales of cotton changed hands between Rs 4600 and Rs 4700, dealers said. According to cotton analyst, Naseem

The three-day International Textile Asia Exhibition concluded on Monday. Business deals worth more than $300 million were struck at the exhibition, organised by the Pakistan Readymade Garments Manufacturers and Exporters Association at the Expo Centre with the collaboration of Ecommerce Gateway Pakistan. The exhibition booked orders worth $150 million on the first day, the organisers said. According to association’s chairman Ijaz Khokhar, 100,000 people visited the fair. He said tha

At a meeting held by the National Assembly of Pakistan and Standing Committee on Commerce, it was announced that the government is considering levying a 10 percent regulatory duty on raw and grey cotton to discourage the export of raw material in bulk. Siraj Mohammad Khan, chairman Standing Committee on Commerce, addressing office bearers and members of the Karachi Chamber of Commerce and Industry (KCCI), said that exporters of cotton would protest against such levy, but the proposal was in the

After China abandoned stockpiling last year and offered new subsidies connected to market prices, Chinese farmers have started to plant significantly more top quality cotton, known as extra-long staple (ELS) cotton. As the result China's production of ELS cotton, could be three times last year's crop in 2015/16, traders estimate, pressuring prices and demand from global exporters like the United States. ELS acreage hit 1.9 million mu, equivalent to 127,000 hectares, trade website Cncotton.co