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BUSINESS / TRADE

UK producers from this year faced input prices falling to 3.3%

The annual inflation rate of producer input prices was negative 3.3% in the year to January 2024, down from...

OEKO-TEX® New regulations 2024

Creating trust within the textile and leather industry and for its customers is the mission of OEKO-TEX®. Since trust...

Global cotton scenario this week

The local cotton market stayed firm with satisfactory trading volumes throughout the week. The rate of cotton in Sindh...

Textile industry at risk of massive closure as IMF nods to restructure power tariff

The failure of the government to secure approval from the IMF to restructure the power tariff has created significant...

Shipping rates rise by a whopping 73% from Vietnam to US, Canada

The ongoing tension in the Red Sea has significantly impacted businesses in Vietnam, leading to increased costs for overseas...

Cotton demand from US textile mills drops to lowest since 1885

Cotton use in the United States started late in 18th century as American established textile mills used cotton instead...

US imports of textiles and apparel fell in December but still higher than a year earlier

According to statistics from the Department of Commerce’s Office of Textiles and Apparel, overall Imports. Textile and apparel imports...

Major win for Rieter in patent dispute in China

In a judgment in December 2023, the Supreme People’s Court of the People’s Republic of China ruled in favor of...

Türkiye ranks 7th globally in apparel exports

Türkiye Trade Minister Ömer Bolat has said that Türkiye ranks seventh among all countries worldwide and third in Europe regarding ready-to-wear...

Customs intelligence blocks all yarn import from UAE

The Customs Intelligence and Investigation (I&I) Karachi has advised all terminal operators to block consignments of yarn coming from...

Chinese imports of spandex soared 85.6% in 2023

Chinese imports of spandex in 2023 soared significantly by 22,112 tons or 85.6 percent over 2022 to 47,900 tons,...

India’s interim budget sees higher allocation for cotton procurement

The Indian interim budget for fiscal 2024-25 saw a higher allocation for cotton procurement, which will ensure price stability...

Withdrawal of cash incentives on Bangladesh garment export products illogical

Withdrawal of cash incentives on various garment export products could have been more logical as it has come when...

Chinese exports of refined cotton hits a new high

In 2023, Chinese exports of refined cotton and specialty cotton linter pulp stood at 82,292 tons, growing by a...

Myanmar’s garment industry has shrunk by 25% since the military coup

The workforce in Myanmar's garment industry, which once had a small but thriving export industry, has shrunk by 25...

Results of the 24th ITMF Global Textile Industry Survey

Despite being negative, the indicators for business situation and order intake improved in January 2024The last ITMF Global Textile...

Chinese Prosperity Index of Textile & Apparel Market Managers up 3.23 points

The Prosperity Index of National Textile and Apparel Professional Market Managers stood at 53.39 in January 2024, an increase...

Fall of one of biggest Vietnamese garment factories in 2023

Set up in 1976 and at one time employing 4,000 workers in five garment factories, Garmex Saigon posted revenues...

Bangladesh stock exchange listed textile mills slip into losses

Due to the various challenges faced by the Bangladeshi textile industry, several stock exchange-listed companies reported losses or a...

Cotton scenario and its dynamics worldwide

The cotton market in Pakistan witnessed subdued activity, probably because the mills held purchases due to election activities in...

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