Exporters' buying pushed the rates higher on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In the ready session, around 14,000 bales of cotton changed hands between Rs 4850 and Rs 5200, they said. Prices of seed cotton in Sindh were unchanged at Rs 1800 and 2350 while in the Punjab phutti rates were at Rs 2000 and Rs 2600, dealers said. A kind of improvement was seen in fresh buying of cotton as LD expor

Minister of State for Textiles Santosh Kumar Gangwar inaugurated a Weavers’ Service Centre at Toluvi in Northeastern state of Nagaland, and also laid the foundation stone for Apparel & Garment Making Centre at Dimapur, also in Nagaland. The inauguration of the service centre and laying the foundation stone for apparel making centre reflect the government’s intent to make development inclusive and participatory. They also build upon the ‘Make in India’ brand, so as to take the textile indu

The denim industry will gather again in Dhaka for the third expo on denim and jeans that is schedule to start in Dhaka on March 1. The two-day show to take place at Radisson hotel will target local and international denim customers, said Denimsandjeans.com Bangladesh, organiser of the event. Bangladesh is a major sourcing hub for denim and jeans as the country sells more than $1.5 billion worth of denim apparel to different countries every year. According to owner of Denimandjeans.com Ban

Sustained buying by mills, spinners and exporters helped prices to maintain firm trend on the cotton market on Tuesday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4950, dealers said. In the ready session, around 18,000 bales of cotton changed hands between Rs 4000 and Rs 5200, they said. Prices of seed cotton in Sindh were unchanged at Rs 1800 and 2300 while in the Punjab phutti rates showed no change at Rs 2000 and Rs 2600, dealers said. Some brokers

Respondents to survey reported a 14 per cent hike to 18,234 acres in US organic cotton acres planted in 2014 from 15,973 acres in 2013, representing the largest planted organic cotton acreage in almost 20 years. This happened, despite US farmers grappling with tight seed supplies, persistent weeds and a shortage of seasonal labour, a 2013 and preliminary 2014 US Organic Cotton Production & Marketing Trends report, says.The report published by the Organic Trade Association (OTA) informs that

United States has a high demand of textile products and the markets also demand high quality products. Zimbabwe can export its textile products if their products meet the United States’ standards. Zimbabwean textile industry needs to explore the prolific United States market as it bids to recover its former lustre, according to a US trade specialist. Trade between Zimbabwe and the US has declined in recent years, with local exports to America totalling $34 million in 2013 compared to $91 mill

The country's RMG manufacturers and exporters will observe a day-long token hunger strike on Saturday, demanding immediate end of the ongoing political unrest that already took heavy toll on the sector. It will be held from 11 am to evening in front of the BGMEA Bhaban at Karwan Bazaar in the capital. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Atiqul Islam made the announcement at a views exchange meeting held at its headquarters yesterday. The trade bo

A subdued business was seen on the cotton market on Friday as some leading mills and spinners kept on the sidelines due to little buying interest, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In the ready session, over 7,000 bales of cotton changed hands between Rs 4200 and Rs 5200, they said. The seed cotton rates recovered Rs 200 in Sindh were to Rs 2000 and Rs 2350, in the Punjab prices were at Rs 2200 and Rs 2650, they said. According to the market source

Influenced with the recent international trend, the rates of cotton maintained upward journey on the local market on Wednesday, dealers said. The official spot rate extended overnight gains picking up Rs 50 to Rs 4,950, dealers said. In the ready session, over 20,000 bales of cotton changed hands between Rs 4650 and Rs 5275, they said. The seed cotton rate in Sindh at Rs 1800 and Rs 2350, in the Punjab prices were higher by Rs 200 to Rs 2200 and Rs 2600, they said. Some leading exporters and

The proposed signing of the EU-India free trade agreement and Vietnam's joining the Trans Pacific Partnership are unlikely to have any negative impact on Bangladesh's garment exports, trade analysts said yesterday. At present, India and Vietnam are no challengers to Bangladesh in garment trade, Zillul Hye Razi, trade adviser of the European Union, said. The two countries operate close to the high-end segment of the market, while Bangladesh mostly occupies the low end of the spectrum. Besid