On 11 July, the US Department of Agriculture boosted its global crop estimate, citing output gains in India, the largest grower after China, and forecast stockpiles of 20.5 million tonnes. Photo: Abhijit Bhatlekar/Mint Global cotton stockpiles next year will be 7% bigger than estimated in July and the largest ever as India’s crop improves and demand grows more slowly that expected, the International Cotton Advisory Committee said. Inventories on 31 July 2014 will reach 19.81 million tonne

A new cotton trading centre has been established recently in Tianmen, a city in Hubei province, which is located in the heart area of the country and connected by Yangze River, railways and expresses to other regions. The centre is the largest cotton trading hub in the country and cost 6 billion yuan. It consists of trading facilities, storage, a textile market and logistics centre. The site has 33 warehouses, with 70,000 square meters of space, which can hold up to 150,000 tonnes of cotton.

In the first half of 2013, apparel exports value totalled US$ 1,873 million more or less at same levels recorded during the corresponding period in 2012, where apparel only exports stood at US$ 1,874 million, announced Industry and Commerce Minister Rishad Bathiudeen. Country's non-BoI apparel exporters have been now integrated to the crucial global network called UNCTAD-initiated Asycuda World system“Today, Sri Lanka’s apparel sector is entering into a new phase. As a result of Sri Lanka’s

In mid-July, partly in response to public pressure, US garment manufacturer and retailer American Eagle Outfitters confounded media observers by signing on to the international Accord on Fire and Building Safety for Bangladesh, a compact among more than 70 international retailers, the bulk of the ready-made apparel industry that represents 80% of Bangladesh’s economy. Until that announcement, media reports had lumped American Eagle in with the Walmart-associated resisters -- more than a dozen m

Gas and Petrochemicals (China OGP) indicates that commercial oil inventories in China built by the equivalent of 3.6 mb in May (stock changes are reported in percentage terms). Crude oil holdings surged by 4.8% (10.0 mb), their largest monthly gain since June 2012, after refinery runs dropped by over 100 kb/d. Following this fall in refinery activity, product stocks drew by a combined 4.5% (6.4 mb). Gasoil (-8.9% or 6.5 mb) posted its third consecutive monthly fall. Gasoil inventories have now d

Exports of the textile and clothing sector posted a decline of 2.29% in June 2013, compared to the same period of 2012, i.e. 483 million Tunisian dinars (MTD). Imports recorded a near stagnation (0.51%) for a total of 327 MD. According to the monthly analysis of the economic letter of the Technical Textile Center "CETTEX" (delivery of July 2013), the trade balance of the textile and clothing sector lost 4.2 points in June 2013 and went from 152.1% in June 2012 down to 147.9% in the same mont

Having been sown over an area of 24 lakh hectares, mostly in Saurashtra and central Gujarat, cotton accounts for about 25 per cent of the total cultivated area of the 75.14 lakh hectares during the current kharif season. As per the statistics collected by the agriculture directorate till two days ago, cotton is reported to have been sown over 26.13 lakh hectares, against 21.92 lakh hectares covered in the previous kharif season. The normal area covered under cotton crop, on an average, during

A total of 334,000 tons of wool were imported through Zhangjiagang Free Trade Zone in Zhangjiagang of Jiangsu province in the first half of the year, increasing 44.32 percent year-on-year. The wool is worth $386 million, an increase of 24.87 percent from last year, according to statistics released by the zone’s customs. A total of 9,897 tons of wool are exported through the Zhangjiagang Free Trade Zone, worth $134 million. The numbers saw a year-on-year increase of 13.49 percent and 0.75 perc

A clothing company is preparing to revive operations in a southeast Missouri town where it closed a plant 14 years ago. Paramount Apparel is scheduled to begin production in Ellington as soon as next week, bringing up to 80 new jobs. Paramount was founded in 1929 in St. Louis as Paramount Cap Manufacturing and moved its headquarters to the southern Missouri town of Bourbon seven years later. The company had a production plant in Ellington from the 1950s until shutting it down in 1999. France

After undertaking an in-depth programme of market research and interviews with stakeholders in various sectors, the organizers of the Yarn Expo fairs have decided that Yarn Expo Spring will now be held in Shanghai starting in 2014, and will take place from 3 – 5 March. The fair will be relocated to the Shanghai World Expo Exhibition and Convention Center, alongside Intertextile Shanghai Apparel Fabrics – Spring Edition, while the autumn edition will remain unchanged. The Yarn Expo fairs have