In September 2014, China imported 122,900 tons of cotton, down 81,600 tons or 40 percent from August 2014 imports, and down 39 percent compared to the same month of last year. The average import price worked out to US$ 2,045/ton in September 2014, down $105/ton or 4.9 percent from August, and a decline of...
Continue readingNepal’s garment exports surge 46.3% in 2013-14
Woollen carpet exports, too, grew by 30.5 per cent to Rs 7.384 billion during the last fiscal, over Rs 5.660 billion worth of exports made in financial year 2012-13, the data showed. The exports of cotton, polyester and other yarns earned Rs 6.434 billion for Nepal during the period under review, up 10.3 per...
Continue readingChina’s cotton imports continue to decline in 2014
In October 2014, China imported 81,900 tons of cotton, down 41,000 tons or 33 percent from September 2014 imports, and down 42 percent compared to the same month of last year. The average import price worked out to US$ 1,969 per ton in October 2014, down $76 per ton or 3.7 per cent from...
Continue readingUS to support Bangladesh RMG exports touch $50bn
“We will continue to work with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to help it to touch $50 billion in exports by the country’s 50th anniversary,” she said after a meeting with BGMEA officials. She called the Bangladesh RMG industry as a jobs growth sector and added that it clearly drives good environmental...
Continue readingGlobal cotton price at 80-mth low
The price of cotton in the international market is now the lowest since August 2009 “This is mainly due to the threat that China (till now a big importer) might offload its reserve cotton in the global markets,” said Prerana Desai, vice-president at Edelweiss Integrated Commodity Management. Cotton futures on the Intercontinental Exchange are...
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