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

Garment industry, Cambodia's largest foreign currency earner, has seen a 9% rise in exports in the first six months of 2015, according to the Chinese State’s News Agency-Xinhua. The Southeast Asian country exported apparel products in equivalent to $ 3 billion during the January-June period this year, up 9% from $ 2.74 billion over the same period last year, said the latest data of the Ministry of Commerce. Garment products accounted for 72.6% of the country's total exports, it added. Main

The depreciating rupee has prompted textile and apparel importers abroad to renegotiate the terms of their contracts with Indian exporters. Now, new contract orders are being deferred till the Indian currency stabilises. Since August 11, when the yuan started depreciating, the rupee has fallen 3.60 per cent to trade at 66.65 against the dollar early Monday. It has depreciated 5.52 per cent so far this year. Typically, depreciation in the rupee results in higher realisation of export-driven pr

Austria's Lenzing expects demand in China for its textile fibres to stay strong and help lift full-year results above last year's level, the company said on Tuesday. The world's biggest maker of cellulose fibre said it had almost doubled its earnings before interest and tax to 60.5 million euros ($69.30 million) in the first six months of 2015, thanks to healthy demand in the second quarter, more savings and a weaker euro. It also expected to improve full-year operating results compared to 2

Bangladesh will remain the top garment sourcing destination for global retailers at least for the next five years, and buyers will continue increasing purchase from the country, McKinsey & Company said in a report. During the period, the country's garment exports will grow 7-9 percent year-on-year, while India and Vietnam will be its nearest competitors, according to the survey report. The survey was conducted among 40 chief purchasing officers (CPOs) of top 40 international garment re

The Vietnam after it signs the Trans Pacific Partnership (TPP), which includes member countries that make up 40 percent of the world’s trade to see the highest GDP growth rate changes among TPP members. It is forecasted that the GDP growth rate changes would be between 0.11 percent and 2.04 percent, according to the Vietnam Institute for Economic and Policy Research (VEPR), an arm of the Hanoi National University and Japanese Nagoya University. The researchers also believe that the investmen

Recently, an appraisal meeting was held in Lianyungang, Jiangsu Province, for the project named “Key Technologies and Industrialization of 1,000-t/a Dry-jet-wet-spinning Line for High-tenacity, High-tenacity-medium-modulus Carbon Fiber". Over the past few years, China has realized industrial production of general-purpose carbon fiber and basically satisfied certain part of demand on domestic market. However, with the rapid development of composite material market, general-purpose carbon fibe

A delegation of Ha Noi's textile, garment, leather and footwear enterprises joined an international fashion fair in Brno, the Czech Republic, starting on Saturday and continuing until today, as well as a seminar held by the Ha Noi Industry and Trade Department and Industry Czech Republic before the fair as they hoped to find more business opportunities in the textile, garment and footwear industries in Eastern European countries. The seminar was organized to encourage trade between Ha Noi and

Higher phutti (seed cotton) arrivals pushed cotton prices lower on Saturday where some millers continued to replenish their stocks. Floor brokers said that with the change in weather, cotton balls in Sindh cotton fields have started opening up which is resulting in higher arrivals of phutti. Phutti prices were Rs2,300-2,400 per 40kg in Sindh and Rs2,000-2,400 in Punjab. The Karachi Cotton Association (KCA) also cut its spot rates by Rs50, to Rs4,600 per maund. The following m