Bangladesh earned $14.56 billion, while the amount was $13.62 billion in the corresponding period last fiscal year Bangladesh’s export earnings rose by 6.86% to $14.56 billion in the first five months of the current fiscal year, with the RMG sector being the largest contributor to this growth. Industry insiders attributed the increase in export earnings to initiatives undertaken to improve workers’ safety standards in garment factories. They said the measures appreciably helped restore

The Kashmiri Carpets is offering carpets made of woollen products, synthetic, silk and cotton-based products, the price of them ranging from Tk6,500 to more than Tk1 lakh Dhanmondi’s 44-year-old Rasheda Chowdhury went to Dhaka International Trade Fair (DITF) on Thursday to buy a carpet. She has been a regular visitor at the fair for the last ten years and every year she buys at least one carpet to redecorate her home. While talking to Dhaka Tribune she said as foreign sellers got more c

Indonesia's textile exports rose by 5 per cent on a year-on-year basis in 2017 after being stagnant in the 2012-2016 period despite a decline in global textile demand in the year, according to the Indonesian Textile Association (API). Exports to the United States and Japan fell by 2 per cent each in 2017, while to the European Union (EU) fell by 3 per cent. These declines were offset by rising textile demand in Southeast Asia and the Middle East, API chairman Ade Sudrajat said while disclosi

Malawi government should invest $4.8 million (about K3.5 billion) into cotton farming to revive the industry which is at the verge of collapsing, African Institute of Corporate Citizenship (AICC) has said. There has been a decline in cotton production which is worrisome because cotton remains among the best forex earners which can replace tobacco. AICC Chief Executive Officer Felix Lombe said that Malawi’s cotton production has gone down from 100,000 metric tonnes in 2012 to around 15,000 in

Brazil’s cotton output in the 2016-17 season increased 18.6 per cent year-on-year to 1.529 million tons, pushed up by the 20.6 per cent increase in the average productivity, since area under the crop decreased 1.7 per cent to 939,100 hectares. The weather favoured crop development during the growing season, but hampered the harvesting season. Domestic textile consumption increased by 5 per cent to 690,000 in the 2016-17 season, due to the recovery of textile companies, according to data from

At the Karachi Cotton Exchange on Wednesday, trading continued to remain slow while spot rates increased Rs200/maund to Rs7,800/maund (37.324kg) and Rs8,359/40kg. Ex-Karachi rates also rose to Rs7,945/maund and Rs8,514/40kg after an addition of Rs145 and Rs155 as upcountry expenses, respectively. A total of eight transactions were recorded of around 13,000 bales at a price of Rs8,000 to Rs8,100/maund. Deals were recorded from Ghotki, Kot Sabzal, Liaquatpur, Khanpur, Rahimyar Khan, Mian Channu

Egypt’s home textiles exports increased 4.8 percent reaching $664 million in January-November 2017 period against $443 million registered in the same period last year, according to the Egyptian Home Textiles Export Council (HTEC), under the ministry of foreign trade and industry. Turkey was the largest importer of Egyptian textiles, followed by Italy, Saudi Arabia, Tunisia, Germany and Portugal. Meanwhile, exports by Egypt’s Textile Export Council increased by 3 percent between January and Oc

The Turkish garment sector has responded to criticism that it has been illegally employing Syrian refugees, including children, by launching awareness programmes, sharing best practice models and initiating training schemes to reduce the commission of such unethical practices. Most companies have also drawn up specific child labour remediation policies, and human rights activists have noticed a marked improvement in the situation since it was first highlighted two years ago, with brands worki

Le Tien Truong, general director of the Viet Nam National Garment and Textile Group (Vinatex), said this target was set despite difficulties in markets at home and abroad. He was speaking at a meeting on reporting Vinatex’s results of production and business in Ha Noi on Tuesday. In 2018, Viet Nam’s textile and garment industry will face more competition, while other textile exporting countries in the world plan to maintain their market shares in the world garment market, as well as expand th

Higher cotton production by Sindh and Punjab helped the country improve its overall output by 7.16 per cent year-on-year up to Dec 31, according to the latest figures issued by the Pakistan Cotton Ginners Association on Wednesday. Yet the production level remained lower than the official revised estimate of 12.6 million bales. The country produced 11.11m bales against 10.36m bales in the corresponding period of the last season. The government initially estimated that cotton production w