A generally firmer price trend was evident at the major export centres last week, influenced in part by a dwindling, end-of-season supply, but also (certainly in the case of Australia) by a modest improvement in offtake from China. The Australian Wool Exchange’s (AWEX) Eastern Market Indicator recovered ground, rising by 2.69% this week, to 992 Australian cents per kilo, clean. In US dollar terms, the EMI rose by a similar margin, to 1,015 US cents per kilo.The improved demand on the export

Sri Lanka’s earnings from export of garments and textiles have increased by 8.8 percent in February 2013, over last year’s figures, stated the Central Bank of Sri Lanka. According to the bank’s report, the export of garments and textiles increased from US$ 341.5 million in February 2012 to US$ 371.6 million in February 2013. However, during January-February 2013, Sri Lanka’s textile and apparel exports declined by 0.4 percent to US$ 705.5 million, as against exports of US$ 708 mill

Government on Wednesday announced a scheme for weavers aimed at meeting their housing needs and mechanisation of their workplace. In a suo motu statement in the Assembly, Chief Minister Jayalalithaa said 10, 000 green houses would be constructed for weavers, along with the 60,000 to be built under the Chief Minister’s green house scheme, in the first phase during 2013-14. Motorised spindles would be provided to 25,000 handloom weavers at a cost of Rs. 3.75 crore to minimise their workload

Textile manufacturer Alok Industries plans to increase focus on polyester in FY14. In the current financial year, the company expects to have 41 per cent of the company's revenue from manmade fibre, up from 38 per cent in FY13. In FY12, this was 35 per cent and revenues from cotton has fallen to that extent. Alok is not the only company which is increasing focus on the manmade fibre business. In fact, there is a systematic shift happening from cotton to manmade fibres. Production of manmade te

India's apparel industry is likely to grow at about 8 per cent annually and reach Rs 2,74,600 crore over the next three years, credit rating agency Care Research said today. "The domestic apparel industry will grow at a CAGR of about 8 per cent from Rs 2,02,600 crore in FY12 to Rs 2,74,600 crore in FY16. Policy reforms, revival in economy and entry of new brands to support recovery of apparel demand in FY14," Care Research said in a report here today. The industry grew at a CAGR of 10 per

Bangladesh's exports rose nearly 10 percent in April to $2.08 billion from a year earlier, rising for a 10th month, thanks to stronger clothing sales, the Export Promotion Bureau said on Tuesday. But industrial accidents, such as the April 24 collapse of a garment factory complex where more than 700 people died, have raised serious questions about worker safety and low wages, and could taint the reputation of the poor South Asian country, which relies on garments for 80 percent of its exports

The deadly collapse of a Bangladesh garment factory shined a light on the unsafe conditions so many of the industry's workers grapple with on a daily basis. Yet any potential for large-scale change remains largely elusive. So for now, here are ten frightening truths that help explain life in the Bangladesh garment industry: It's risky work: Bangladesh garment workers often toil away in unsafe buildings where the exits and windows are often blocked. That's resulted in part in more than 800 gar

At least eight people including a DIG of police & its managing director were killed in a devastating fire at a sweater factory in capital’s Mirpur on Wednesday night. Four of the deceased were identified as managing director Mahabubur Rahman, DIG Monjur Morshed, Comilla distrct Juba League president Sohel Mostofa Sapan and Emadur Rahman Badal. Sources said that most of the workers left the factory at 7:00pm and factory MD and some other officials were at ninth floor of the 11-storey buildi

Vietnam’s textile and apparel exports are expected to grow by 15 percent during 2013, according to the Vietnam Textile and Apparel Association (VITAS). Vietnamese textile & apparel sector witnessed a rise of 32 percent in exports during 2005-11. Last year, the country’s textile and clothing exports earned US$ 17.15 billion, registering an increase of 8.5 percent year-on-year. Speaking to fibre2fashion, vice-chairman of VITAS, Ms. Dung Dang said, “We are expecting 10-15 percent growth i

The footwear industry is set to expand its international cooperation and supply chain for long-term, sustainable growth. The Ministry of Industry and Trade (MoIT) has recommended the footwear sector capitalise on ongoing regional and global production transition trends to achieve higher growth. It says the footwear industry must develop material production and focus on seizing the advantages of modern technology while keeping environmental concerns in mind. The Ministry also stresses