Egypt agreed to export 1,978 metric tons of cotton in the week ended Jan. 17, according to the Alexandria Cotton Exporters Association. The country has shipped 33,115 tons of the fiber, valued at $95.1 million, since Sept. 1, the association said today in its weekly bulletin. Exports last week included 46 tons of the Giza 88 variety and 1,932 tons of Giza 86, it said. Egypt produces the world’s finest extra-long staple cotton, which is stronger and softer than shorter staple cotton, and is use

Iraqi crude oil exports slightly decreased in December 2012 compared to the previous month, but the income of exports last year was sharply higher than 2011, the Iraqi Oil Ministry said Monday. Iraq exported a total of 72.8 million barrels of oil in December 2012, bringing in 7.551 billion U.S. dollars in revenues, with an average selling price of 103.723 dollars per barrel, the ministry said in a statement. In December, Iraq exported 62.7 million barrels through the southern port of Bas

Cotton prices dropped as demand declined on Monday. Along with this, increasing cotton arrivals in Gujarat and across the country also supported the bearish trend. Cotton prices decreased by Rs 150-200 a candy (356 kg) in Gujarat. Sankar-6 cotton for A grade was quoted at Rs 34,000-34,200 a candy and B grade cotton at Rs 33,900-34,000 in Gujarat. V 797 cotton was offered at Rs 26,000-26,500 a candy. About 55,000-56,000 bales cotton arrived in Gujarat and 1.96 lakh bales cotton arrived in I

Garment Manufacturers Association of Cambodia (GMAC) on Monday agreed to increase salaries for the workers in the kingdom’s garment and footwear industries, according to a press release after a closed door meeting. The meeting was attended by Minister of Social Affairs Ith Samheng, Minister of Labor Vong Sauth, GMAC’s president Van Sou Ieng, and representatives of trade unions in Cambodia. “The meeting agreed in principle to discuss wage increase for the workers,” the press release said. “All

The garment industry is attracting greater interest from Western buyers who have been weighing the advantages of the country’s large and inexpensive labour force against the shortcomings of its infrastructure, industry representatives say. At the same time, Chinese and Taiwanese manufacturers who had registered garment factories as domestic entities have submitted applications to the Directorate of Investment and Company Administration to re-register them, said Khaing Khaing Nwe of the Myanmar

Item WidthCM Specification/Weight（meter） Wholesale Price: yuan/meter Levigated suede nap 150 300 13．00 T/C80/20 machine Dyed Plain fabric 150 45S×45S 110×76 6．40 Polyester golden-thread slubbed window screen 280 300 11．30 Nylon/polyester double wale dyed window screen 280 nylonpolyester30D×20D/35tatting 4．00 Full-size polyester clipping printed curtain fabric 280 600 18

Singapore, Jan 22 Oil prices were mixed in Asian trade today on geopolitical concerns triggered by a bloody showdown between Islamists and Algerian forces, with weaker crude demand capping the gains.New York’s main contract, light sweet crude for delivery in February, was down six cents at $95.50 a barrel while Brent North Sea crude for March delivery gained 19 cents to $111.90. “On one hand, we have geopolitical risks that are supporting prices,” said Victor Shum, Managing Director at IHS Purvi

Wal-Mart Stores Inc plans to cut ties immediately with suppliers who subcontract work to factories without the retailer's knowledge, changing its policy after a fire killed more than 100 garment workers in Bangladesh, the Wall Street Journal reported. Wal-Mart is warning suppliers that it is adopting a "zero tolerance policy" for violations of its global sourcing standards and the company's new plan would begin taking effect from March 1, the Journal said. The tougher code replaces Wal-Mart'

British designer handbag manufacturer, Modalu, has come under fire for outsourcing work to an Indian firm that pays extremely low wages to some of its workers. The Hampshire-based firm is best known for designer handbags sported by British celebrities such as Pippa Middleton, Prince William's sister-in-law. The Daily Mail now claims these bags with a price tag of around 195 pounds in the UK are being manufactured by a firm in India where workers are paid as little as 17 p an hour, or Rs 12