China National Cotton Group, one of the leading players in the country's cotton industry, has set up North China's largest cotton storage base in Weifang city, Shandong province. Warehouses at the base have a total storage capacity of 100,000 metric tons and to date have stored more than 20,000 tons of state reserve cotton, according to the company. It said it plans to expand the base to double its storage capacity, with a commodity handling capacity as high as 500,000 tons, making it the la

China's daily crude oil imports in April rose 3.7 percent from a year earlier and rose 3.5 percent from a month earlier, customs data showed on Wednesday, as refiners took advantage of lower prices to replenish crude oil stocks. China, the world's largest crude buyer after the United States, shipped in 23.08 million tonnes, or 5.62 million barrels per day (bpd), of crude oil last month, up from 5.42 million bpd the same month a year ago and 5.43 million bpd in March. "Crude oil stocks fell qu

Punjab has achieved 16 percent of cotton sowing targets fixed for the sowing season 2013 to fulfil the domestic requirements of the commodity as well as to export it. The sowing is 16 percent higher than that during the same period of last year, said Cotton Development Commissioner in the Ministry of Textile Industry Dr Khalid Abdullah. Talking to Agency here on Tuesday, he said that up to May 6, cotton crop had been cultivated over 987,756 acres which was recorded at 928,305 acres during same

To end on May 15, 2013, this year’s farming season has already yielded 221,000 tons of cotton, the President of the National Cotton cartel of producers, CNPCC, Ousmane Ousmaté, told Le Quotidien de l’Economie on Friday May 3, 2013. By this time last year the harvest was only 180,000 tons hence an increase of 41,000 tons. But according to CNPCC the produce could have been higher but bad roads in some production basins force farmers to sell their crops to neighboring Nigeria as they are unable t

Market forecasts for a surge in US crude inventories dragged down oil prices in the Asian trade today, analysts said. New York’s main contract, light sweet crude for delivery in June, dropped six cents to $95.56 a barrel and Brent North Sea crude for June delivery shed 23 cents to $104.17. “US oil stockpiles are already at record levels, and you would assume they will continue to increase with plentiful supply and weak demand,” Jason Hughes, head of sales trading at CMC Markets in Singapore,

Garment exporters yesterday expressed concern about the two-day shutdown beginning today as a big team of buyers from 20 top global brands will arrive in Dhaka tomorrow. The exporters also urged the opposition alliance to call off the 36-hour strike. “The garment sector is in choppy waters, especially after the Savar tragedy. The ongoing political violence has added further woes,” said the Bangladesh Garment Manufacturers and Exporters Association, and Bangladesh Knitwear Manufacturers and E

2013 China Keqiao International Textiles, Fabrics & Accessories Exhibition was closed on 8th May, 2013. During the three days' exhibition, there were 26,726 visitors attending the fair, 10.7% more thanlast one; in which there were 3,816 foregn visitors, 11.2% more than that of last time. The totalvolume of businessin this exhibtion is 4.393 billion, which is 8.2% higher than that of last time.

YouTube/juicystar07 Teens and young adults that share their clothes purchases via YouTube videos are turning into a marketing force in the clothing industry. It is a relatively new type of earned media that is taking the clothing industry by storm. And it is an idea that can be applied to marketing just about anything if marketers are able to translate the concept to their products. What is a haul video? The making of a haul video is relatively simple. Teenagers and young adults th

REUTERS/Andrew Biraj Major retailers are meeting this week to discuss worker safety in Bangladesh after a building collapse last week killed at least 433 garment factory workers. And the death toll in the collapse will likely continue to rise — 149 people are still missing, and Bangladesh officials don't think they'll find any more survivors. Richard M. Locke, a Massachusetts Institute of Technology professor who has researched and written a book on enforcing fair labor standards with

In April 2013 same-store sales at Uniqlo Japan stores decreased by 3.0 percent year-on-year while sales at our own stores decreased by 0.4 percent. Total sales including online sales decreased by 0.5 percent. Same-store sales fell year-on-year in April, as the negative impact of unseasonal cool weather late in the month outweighed overall favourable sales of ranges of clothing featured in our advertising campaigns. In the month of April Uniqlo opened new stores, while six stores were closed in