Germany is fast catching up with the US as the leading destination of Bangladesh's garment products on the back of higher demand and duty benefits. Last fiscal year, some $4.38 billion worth of garment products were shipped to Germany, up 19.02 percent year-on-year. In contrast, garment exports to the US stood at $5.15 billion, an increase of just 3 percent over fiscal 2012-13. “I am exporting to too many German retailers right now. Not that Germany wasn't important to our scheme of things

Wool prices after ending the last selling season continued to remained in a slow, steady declining trend, though with a slight rebound was seen during the last week of the month, according to the Australian Wool Exchange. The Eastern Market Index ended the month of September, the second in the 2014-2015 selling season, at $4.15 per pound, down $0.10 in the month (2 percent) and about 4 percent season-to-date. During the last week, however, prices increased by $0.06 per pound. The price dec

Following the first Pepro (Equalization Premium Paid to the Producer and/or Cooperative) auction which took place on September 25, stakeholders in the Brazilian cotton market are acting carefully in signing new trades.Brazilian cotton sellers expect that, due to government support, prices might be stable or register increases. Purchasers on the other hand are refraining from committing new purchases due to high supply this season and global price drops and are awaiting further cotton price decli

The Ministry of Commerce, Government of China, has fixed wool import quota at 287,000 tons and for wool tops at 80,000 tons for 2015. China has kept its import quota of wool and wool tops unchanged since 2006, even though the country has become the world’s largest wool processor and consumer in recent years. The Ministry said that the wool and wool tops import quotas would be implemented on a ‘first come, first serve’ basis. The Commerce Department has been designated as the authority f

Cotton is a major source of the country's export, and it is the raw material for dozens of modern enterprises of the dynamically developing Turkmenistan's textile industry. Turkmen President Gurbanguly Berdimuhammadov at the governmental meeting expressed dissatisfaction with the pace of the agricultural work, primarily cotton harvesting. He demanded the necessary organizational arrangements be made in order to ensure that the regions fulfill their commitments on delivering raw cotton. Ber

The Australian textile industry has launched a new product which is made from wool that is eighteen-and-a-half micron or finer to give a boost to the superfine wool industry. Traditionally, superfine wool has been reserved for the world's best suits, but now a knitting yarn, using some of the nation’s best wool, has been developed. The product is likely to bring a success for the 90-year-old Wangaratta Woollen Mills and give superfine wool growers, who have struggled with the declining va

Pakistan has not got maximum benefit from the GSP Plus status granted by European Union in January this year, as the country’s exports are on the decline from the last five months. Pakistan’s exports could not increased significantly due to the GSP Plus status granted by European Union from January this year mainly due to the prevailing energy crisis in the country. The government had claimed that country’s exports would register significant increase after the GSP Plus status but it did n

India’s cotton and apparel exports are set to climb by around 10 per cent this year as higher wages, political instability and concerns about workplace conditions in other producing markets including Bangladesh steer international buyers toward Indian exporters, industry officials said. The rise in textile shipments from India — currently around 4.5 per cent of world trade — may eat into top exporter China’s 36 per cent share of the market and will be a boon for Indian textile merchants keen

Leading apparel and footwear buyers and retailers, who source from Bangladesh, have teamed up to make the country's factories environmentally sound as part of a global initiative. They have come together under the Zero Discharge of Hazardous Chemicals (ZDHC) programme, which aims to help lead the industries towards lowering discharge of such chemicals by 2020. The ZDHC programme signatory brands include Adidas, Benetton, Burberry, C&A, Esprit, G-Star Raw, Gap, H&M, Inditex, Jack Wo

The cotton growing area in China in the 12 months is expected to decline to 63.40 million mu (about 4.23 million hectares), down 9.4 percent from the previous year, and the cotton yield is also forecast to plunge by half a million tonnes to 6.5 million tonnes, according to Lian Weiliang, deputy head of the National Development and Reform Commission. While, cotton demand in China is expected to exceed its domestic supply by two million tonnes in the year from September 2014 to August 2015, as