Cotton prices increased in Brazil’s domestic market in the first fortnight of December 2017, as both purchasers and sellers retracted from the market, similar to the activity observed in December last year. Between November 30 and December 15, the CEPEA/ESALQ cotton Index rose a staggering 6 per cent, closing at 2.5945 BRL ($0.7848) per pound on December 15. “Only a few processors and traders were active in the spot market, searching for batches for quick delivery – these agents were flexible

The American Sheep Industry Association cooperates with the U.S. Department of Agriculture’s Foreign Agricultural Service program. The FAS program’s has been vital in the expansion of American wool exports to other countries. With this matching fund program, ASI is allocated approximately $1 million each year and it has been key to bringing foreign wool companies to the United States, as well, as other promotional programs to export American wool, said ASI Wool Marketing Director Rita Samuelson.

Exports of cotton yarn to China saw the biggest fall in both volume and value terms as China, the largest importer of yarn reducing its purchases. As per the data with the Union Commerce Ministy, cotton yarn shipments to China plunged 31.9% to 105.9 million kgs (mkgs) between April and September. It dropped 36.7% year-on-year (y-o-y) in value terms to $285 million. Cotton yarn exports have advanced by a mere 1.1% y-o-y in value terms to around $1.5 billion during the time frame. Incidentally,

After the government's announcement on increasing basic customs duty (BCD) on imported MMF fabrics from 10 percent to 25 percent in October, the largest man-made fabric (MMF) hub of India, Surat is still awaiting central government’s official notification in this connection. According to Industry leaders, import of fabrics, especially from China, has increased sharply post-GST at almost 30 percent while Surat's power loom weavers who manufacture 4 crore metre of fabrics per day, have been red

Vietnam textile and garment sector has faced multiple challenges early this year, but the situation has changed for the better since the second quarter of this year. Of the total export revenue of this year estimated at US$31 billion, textiles and garments contribute an estimated US$25.91 billion, fabrics US$1.07 billion and cotton US$3.51 billion. At a press conference in HCMC on December 11, Giang said that the sector has gained strong export growth this year, at 10.23% versus 2016, and the

China has maintained strong economic growth, which is projected to reach 6.8 percent this year, supported by rising household incomes and improving external demand, the World Bank said in its latest economic update report released on Tuesday. In April and October, the bank's forecast of China's GDP growth this year was 6.5 percent and 6.7 percent, respectively. The country's GDP growth averaged at 6.9 percent in the first three quarters, stronger than market expectations and higher than it

As the government is all set to withdraw sales tax and customs duty on import of cotton on the demand of spinning industry, setting aside the interest of growers and ginners, the Pakistan Readymade Garments Manufacturers & Exporters Association has appealed the authorities to also relax duties on yarn import to encourage value addition, reduce cost of doing business and bridge the gap between production and consumption. PRGMEA Chief Coordinator, Ijaz Khokhar asked the Textile Division to

After the US withdrew from the talks on Trans-Pacific Partnership (TPP), Vietnam’s garment and textile export met with difficulties in the first two quarters this year. However the industry has posted the record high trade surplus value taking the lead in export items. Chairman of Vietnam Textile and Apparel Association (Vitas) Vu Duc Giang yesterday said that garment and textile export this year posted the highest value in all export items of Vietnam, reaching US$15.51 billion increasing 7.1

China's economy has held steady in the first 11 months of 2017, on track to reach this year's growth target and creating room for policy makers to step up efforts on risk control, poverty relief and pollution next year. Data released Thursday showed fixed-asset investment (FAI) climbed 7.2 percent for January-November period, down from 7.3 percent in the first 10 months. The pace of growth has declined for eight consecutive months. Investment in property development rose 7.5 percent from a

The American Sheep Industry Association cooperates with the U.S. Department of Agriculture’s Foreign Agricultural Service program. The FAS program’s has been vital in the expansion of American wool exports to other countries. With this matching fund program, ASI is allocated approximately $1 million each year and it has been key to bringing foreign wool companies to the United States, as well, as other promotional programs to export American wool, said ASI Wool Marketing Director Rita Samuelson.