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Futures closed at noon, staple fiber fell .%, cotton yarn fell .%, and Zheng cotton fell .%.
Today’s futures market closed at noon, and most of the main domestic futures contracts fell. PTA2305 fell 2.70% to 5618 points; staple fiber 2303 fell 2.59% to 7296 points; cotton yarn 2305 fell 1.01% to …
Cotton yarn trade unaffected by long-term provisions of Indian budget
Foreign news on February 2 that cotton yarn in northern India was not affected by the 2023/24 federal budget announced yesterday. Traders said there were no major announcements in the budget for the textile ind…
Bangladesh calls on international garment retailers and brands not to specify single sourcing
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) calls on international ready-made garment retailers and brands not to require manufacturers to designate any specific raw material and fabric s…
Cambodia’s garment industry export prospects are unfavorable
In its latest global economic outlook report released in January 2023, the World Bank lowered its 2023 growth forecast for the United States to 0.5% and the European Union to 0%. Cambodia’s garment indust…
Madagascar’s textile industry’s contribution to GDP.%
Orange News, according to the introduction of the textile development strategy of the Madagascar Ministry of Processing and Commerce on February 2, the textile industry is an industry with high economic potenti…
Bangladeshi garment workers demand increase in minimum wage
The Bangladesh Garment Workers Union (BGWUC) demands that the monthly minimum wage of workers be increased by 175%. If the case is successful, labor wages will be increased from the current 8,000 taka to 22,000…
Vietnam’s textile and apparel exports grew .% to US$100 million
Preliminary data from the Customs Information and Statistics Department of the General Administration of Customs of the Ministry of Finance of Vietnam shows that Vietnam’s textile and clothing exports in 2022 w…
Bangladesh wants duty-free cotton imports from the United States
According to Bangladesh’s “Business Standard” report on January 20, Bangladesh Commerce Minister Tipu Munshi spoke at the 4th Bangladesh 2023 Global Cotton Summit (January 20 ) emphasized that…
U.S. recalls Chinese-made children’s casual pants
On January 26, 2023, the US CPSC announced a recall of Chinese-made children’s casual pants. This recall involves ProperlyTied’s 100% cotton children’s casual pants. The product, advertised as “LD A…
Cambodia’s garment exports grow .% to US$100 million
According to data from the General Administration of Customs of the Ministry of Economy and Finance of Cambodia, clothing exports in 2022 will increase by 12.69% compared with the same period in 2021 to reach U…