Insights The Confederation of Indian Textile Industry (CITI) has hailed the rescinding of QCOs on polyester fibre and yarn as a major pro-growth move. This addresses a long-standing demand, easing raw material access at international prices and boosting the MMF segment. CITI requested similar relief for viscose fibre to help India achieve its $350 billion textile industry goal by 2030. The Confederation of Indian Textile Industry (CITI) heartily welcomes the rescinding of the Quality Control

Insights ICE cotton futures remained weak ahead of WASDE report, with March 2026 settling lower and several contracts hitting new lows. A softer US dollar offered limited support, while market caution persisted amid weak demand and muted buying. US government's reopening and recent export sales data had little impact, and analysts expect higher supply estimates as December's first delivery date approaches. ICE cotton futures remained bearish and slipped yesterday ahead of USDA’s World S

Insights Ghana's Ministry of Trade, Agribusiness and Industry has reaffirmed its commitment to attracting strategic investments into the textile and garment sector as part of efforts to boost industrialisation and job creation under the 24-Hour Economy and Accelerated Export Development Programme. It hosted the Inbound Textiles and Apparel Roadshow from November 10 to 12 in Accra. Ghana’s Ministry of Trade, Agribusiness and Industry (MoTAI) recently reaffirmed its commitment to attracti

Insights India has withdrawn multiple BIS Quality Control Orders covering key polyester intermediates, feedstocks, fibres, yarns, and several industrial polymers, effective November 12. The move eases compliance pressure across the textile and petrochemical sectors, which had warned that QCOs were hurting global competitiveness. Materials including PTA, EG, PSF, FDY, POY, PP, PVC, EVA and ABS are now exempt. In a major regulatory shift affecting India’s textile and polyester value chain

Insights Vietnam's budget revenue from import and export in the first ten months this year reached 379.8 trillion VND (~$14.4 billion). The total trade was 92.4 per cent of the annual estimate and 80.8 per cent of the targeted goal, marking a 9.3-per cent rise YoY. Total import-export turnover during the period was worth $762.5 billion—up by 17.4 per cent YoY—resulting in a trade surplus of $19.6 billion. The Vietnamese government’s budget revenue from import and export in t

Insights India's cotton production for 2025–26 is estimated to decline by 2.42 per cent to 305 lakh bales of 170 kg each, the Cotton Association of India has said. The fall stems from reduced acreage and late rains. Imports are forecast to rise 10 per cent to 45 lakh bales amid tight domestic supply, while consumption and exports are expected to ease slightly. India’s trade body has estimated that the country’s cotton production may fall by 2.42 per cent to 305 lakh bales of

Insights The LYCRA Company has announced the opening of its largest spandex plant in Yinchuan, China, investing over ¥ 800 million (~$1.12 million) with Yinchuan Financial Capital Investment Group. The facility will add 30,000 tons of capacity and 500 jobs, with plans to expand to 120,000 tons. It advances smart, sustainable manufacturing to meet growing Asia-Pacific demand for high-quality spandex. The LYCRA Company, a global leader in innovative and sustainable fiber solutions for the

Insights ICE cotton futures closed lower as weakness in the grain market and investor caution ahead of the upcoming USDA WASDE report weighed on sentiment. December contract settled at 63.88 cents per pound, down 0.43 cent. Analysts noted sideways consolidation as traders await fresh supply-demand cues. India's cotton imports are expected to rise by 9.8 per cent amid a crop decline and relaxed import rules. ICE cotton futures closed lower yesterday as the market weakened amid declines in the

Insights ACIMIT's orders index for textile machinery fell 16 per cent in Q3 2025 to 41.8 points (base 2021=100). Domestic orders dropped 17 per cent to 49.9, and foreign orders declined 16 per cent to 40.7. The backlog covers four months of production. President Marco Salvadè noted weak demand but signs of recovery in markets like India, Pakistan, and Egypt after ITMA ASIA + CITME 2025. In the third quarter of 2025, the orders index for textile machinery – compiled by ACIMIT&rsq

INSIGHTS A steep 40 per cent tariff on Myanmar's garment exports has made its products far less competitive than those from Bangladesh, Cambodia, Indonesia, etc, triggering a sharp decline in US orders. Beyond tariffs, Myanmar's apparel sector also faces growing headwinds from political instability, sanctions, poor infrastructure, and global scrutiny over labour rights. Myanmar’s garment industry, once the beating heart of its export economy, is now reportedly reeling under the weight