Bangladesh’s RMG manufacturers are looking to strengthen their position in the Malaysian market having recently gained duty free access to the South-East Asian peninsula. Bangladesh Garment Manufacturers & Exporters Association (BGMEA) second vice president, S M Mannan, said: “We are going to participate in the largest ever Bangladesh single country trade fair in Malaysia, scheduled for August, to make our position strong to Malaysian market.” BGMEA and BKMEA (Bangladesh Knitwear Manuf

SOURCE: AP/Mahesh Kumar A. Indian workers sew at a garment factory on the outskirts of Hyderabad, India, Friday, October 12, 2012. When images of poor labor conditions in the garment industries of leading apparel-exporting countries reach the global news media, it is often because those conditions seem uniquely and unjustifiably extreme. Malnourished workers working 14-hour days faint by the hundreds in Cambodian garment plants. Hundreds more are killed in deadly factory fires in Bangladesh

Export earnings from jute and jute goods in the fiscal year 2012-2013 showed an increase of 6.54 percent over the previous year, according to the Export Promotion Bureau (EPB) data. Earnings from the jute sector were US$ 1.01 billion during July 1, 2012 to June 30, 2013 period. The data indicated that the export of jute bags and sacks increased by 28.16 percent year-on-year to fetch US$ 237.42 million in foreign exchange for Bangladesh. EPB indicated that the exports of jute yarn and twine s

Bullish conditions prevailed on the cotton market on Friday as spinners and mills were after every lot put for sale by ginners in view of strong demand from China for local cotton yarn. The Karachi Cotton Association (KCA) increased its spot rates by Rs50 to Rs6,550 per maund amid tight supplies of the new crop as only 75 ginning factories so far resumed their operations due to slow phutti arrivals. Syed Mudabir Shah, a cotton expert, said the increase in the cotton spot rates were due to in

FILE - Kenyan workers prepare clothes for export at the Alltex export processing zone factory in Athi River, near Nairobi. Textile workers and business owners in Kenya complain that the import of cheap goods from China and second-hand textile goods from other countries are threatening their industry and suppressing the number of good manufacturing jobs available to Kenyan workers. The owners want the Kenyan goverment to control the flow of imports into the marketplace and to tax these impor

World output is seen at 118.02 million bales, more than the 117.16 million estimated in June, the USDA said in a report on Thursday. Production in India, the biggest grower after China, will total 28 million, 3.7% higher than forecast last month. Global stockpiles may be 94.34 million, up 10% from a revised 85.58 million the previous year. Cotton futures climbed 13% this year in New York on signs of rising demand and as a drought hampered crops in the US, the world’s biggest exporter. World co

Readymade garment exporters will benefit, given that the export volumes are also on the rise since the beginning of 2013 after nearly two years. Photo: Mint The sharp fall of the rupee over the past few months should improve the revenue of many textile companies since most of them accrue from exports. Cotton textile exporters would get more value for every dollar-denominated sale unit made in the global markets. Readymade garment exporters will benefit, given that the export volumes

The US government raised its forecasts for US cotton inventories on the back of reduced export estimates in the current crop year and upped its projections for ballooning global supplies amid higher output and falling consumption. The forecasts in the July US Department of Agriculture (USDA) report was seen as bearish for prices, particularly as it reflected a less friendly balance sheet in the United States following a previous forecast of tightening supplies in the world's top exporter. Ex

Wages in Bangladesh's readymade garment (RMG) sector fell more than 2.0 per cent in the last decade in terms of real purchasing power parity (PPP) for which the country has been the choice for relocation of textile industry, said The Washington Post on Friday. Foreign investors have been relocating garment industry in Bangladesh over the last few years as wages started to rise in China, India, Indonesia, Vietnam and some other garment producing and exporting countries. "Measured on a real PP

India's cotton exports are estimated to have plummeted by 36 per cent to 9.14 million bales in the first 11 months ended June of the current marketing year, a latest USDA report said. The country had shipped 13.91 million bales of cotton in the August-June period of the 2011-12 marketing year. One bale contains 170 kg of cotton. The cotton marketing year runs from August to July. "Preliminary data suggest that exports reached 9.1 million bales through end of June," the US Department of Agric