Russian business leaders will visit Bangladesh in December for the first time in a bid to explore the Bangladesh-made apparel sourcing potentiality, industry people said. They term the visit as a great opportunity for Bangladesh which will help increase the export volume in Russian market as it is yet to be explored fully. "A high powered and important delegation from Russia will visit Bangladesh by mid-December this year to know about Bangladesh apparel industry for the first time," first V

Spun yarn prices further declined this week on the international market, with demand in China faltering and cotton prices remaining sluggish. Polyester and viscose fibre prices too were see-sawing as downstream buyers were resisting any prices hike. Pure cotton yarn market generally trended steady in Asian markets and prices of some specs were adjusted, with actual price moving down. Spun polyester yarn market was largely stable in Asian markets but trading activity had slowed down in the second

Top 10 Categories in Rising Top 10 Categories in Falling 1 Household textiles 1.48% 1 Nylon Fabrics -1.65% 2 Cotton Fabric 1.24% 2 Apparel Linings -1.34% 3 Blended 0.65% 3 Lining -0.48% 4 Thread & Rope 0.40% 4 Polyester Fabric -0.39% 5 Other Chemical Fiber 0.32% 5 Fashion Fabric -0.32% 6 Belt 0.30% 6 Blended Fiber Grey Cloth -0.28% 7 Viscose 0.25% 7 Nylon/Cotton Fabri

Price Index Forecast Boosted by the textile exhibition, the transactions in the traditional trade zone and corporationized trade zone are predicted to increase, the trading early winter fabrics will increase, creative fabrics will still have the advantage in marketing, the prices will basically keep stable. Source: Keqiao Index

The General Administration of the Customs released the latest information on China′s foreign trade. The released figures show that in the first three quarters of this year, China′s import and export totaled more than US$ 2.84 trillion, surging 6.2% compared with the same period of last year. In which, the export amounted to US$ 1.495 trillion, up 7.4%; import amounted to US$ 1.347 trillion, up 4.8%, with a trade surplus of US$ 148.3 billion. The export of textiles and garments rose m

Royal Dutch Shell said it plans to increase by more than 20 percent the production capacity of olefins and aromatics at its petrochemicals complex in Singapore, but did not say how much the expansion would cost. The ethylene cracker, which opened in March 2010 and was Shell's largest petrochemical investment, is integrated with the company's 500,000 barrels-per-day (bpd) refinery on Singapore's Bukom island and a mono-ethylene glycol plant in the Jurong Island industrial complex. "The inve

According to the Vietnam Chamber of Commerce and Industry, Bangladesh is currently one of the biggest markets in the South Asian Region and with a population of 161 million people is also a potential growth market for Vietnamese products because of its strong purchasing power. Bangladesh is not a completely new market for Vietnam, but trade between the two countries is low-key as Vietnamese firms are still hesitant to tap this market. However, in the past few years, some Vietnamese companies ha

Minister for Textile Industry Makhdoom Shahabuddin on Wednesday informed the National Assembly that around 40,000 power looms of different sizes have been closed due to energy crisis. He informed the National Assembly during question hour that textile sector represents the longest agro-manufacturing value chain starting from seed, natural fiber, synthetic fiber, yarn, greige fabric, processed fabric, garments, made-ups and high value added brands. The textiles industry setup in our country is

The effect of the European debt crisis has percolated down and is now affecting the textile exporters of Panipat. The exporters association based in Panipat are of the view that the crisis would hit the textile export by around 20 percent as the ripples can be felt in the US economy also. Till last fiscal, Panipat used to generate around Rs 4,500 crore of revenue per annum. The trend had been continuing for the last five years. There are around 300 active exporters creating around 3 lakh direc