Bangladesh is preparing to finalise a contract to buy 200,000 tonnes of Uzbek cotton yearly, Financial Express reported August 5. "Since Uzbekistan is a major source of cotton for us, we want to make the import process easier and uninterrupted," a senior Bangladeshi Commerce Ministry official told Financial Express. Uzbekistan supplies about 35% of the cotton imported by Bangladesh, the official added. Uzbekistan is the world's sixth top cotton producer. Source: Central Asia Online .

The country's raw cotton export slumped by 67 percent during last fiscal year - 2012-13 (FY13), mainly due to shortfall in the cotton crop and higher prices in the domestic market. Traders said on Monday that during FY13 rising domestic demand, higher prices and contamination issues hampered the export of raw cotton, which posted a massive increase during FY12. They said during the last fiscal year, cotton prices in the domestic market were higher than international market due to high demand a

Cotton prices in India are expected to rise this week after the government eased restrictions on exports by the Cotton Corp of India (CCI), while improved buying by millers amid thin supplies are also seen supporting prices. India relaxed restrictions on the export of cotton by the state-run CCI in the current season to end-September as the world's second-biggest cotton grower expects a better crop in 2013/2014. "The trend looks firm because spot buying has improved. Market sentiment is positi

People work on machines at a Newcastle clothing factory. Picture: REUTERS Workers belonging to the Southern African Clothing and Textile Workers’ Union are set to embark on a nationwide strike, with the union saying on Tuesday that it had commenced a national wage strike ballot in the clothing industry, after conciliation failed to resolve its wage dispute. The union has set itself a target to ballot 40,000 clothing workers over the next three weeks. It said by the close of business on Mond

Mozambique's cotton exports fell by around 65 percent in the first quarter of this year, having exported just 24,300 tons of cotton, compared to an initial projection of 70,000, the Mozambican Cotton Institute (IAM) said. According to information provided by the IAM to the Mozambican press, Mozambique netted almost US$38 million from cotton exports in the first three months of the year, but although projections had pointed to a total of US$109 million. The downturn announced by IAM may affect

The China National Cotton Reserves Corporation (CNCRC) confirms that between January 14 and July 31 this year a total of 130 auctions of the country’s state reserves were held. During the seven month period, a total of 15.04 million tonnes was made available for sale, from which only 3.72 million tonnes was sold (2.76 million tonnes domestic and 955,600 tonnes imported). Domestic cotton from 2008, 2011, 2012 was offered, alongside imported cotton from 2005, 2009, 2011, and 2012. The bulk of

India's apparel exports are likely to grow by 24% to $16 billion in the current fiscal owing to rising demand in traditional markets like the US and Europe, Apparel Export Promotion Council (AEPC) said today. In the 2012-13 fiscal, these exports stood at $12.9 billion, according to data provided by the council. "In the first three months of this fiscal, garment exports have shown a growth of about 11%. If we keep growing at the same pace, we expect these exports to touch $16 billion in 201

Uzbekistan would supply 200,000 metric tons of cotton to Bangladesh annually under the terms of a new bilateral agreement, Dhaka's Financial Express newspaper reported on August 5. The deal, which would mark the first time Bangladeshi purchases of Uzbek cotton are regularized, may be signed during an annual industry fair in Tashkent this October, 12news.uz reports. "Since Uzbekistan is a major source of cotton for us, we want to make the import process easier and uninterrupted. So, we are fina

THE public-private Export Development Council (EDC) is keeping the 10-percent growth target for export this year despite a 6-percent contraction in revenues from shipments of local goods to the global market in the January-to-May period. EDC Vice Chairman Sergio Ortiz-Luis Jr. told the BusinessMirror the council met last week and did not see any need to change the export-growth target for 2013. “We did not see the need to change export-growth target for this year. This is because some majo

China and India are expected to be the major growth centers for apparel consumption by 2025, and the combined size of the Chinese and Indian apparel markets will become bigger than that of US and European Union (EU), according to a recent report. “The combined apparel market size of China and India will become US$ 740 billion by 2025, and is expected to surpass the combined market size of US and Europe, which will be US$ 725 billion in 2025,” states ‘Road to 2025: Textile and apparel sector r