China imported about 400,000 barrels of crude oil from Iran in the first four months of 2013, up 11 percent compared to the same period in 2012, a Reuters survey showed. Three other major Asian buyers, namely India, Japan, and South Korea, reduced imports by 46 percent, 33 percent, and 28 percent, respectively. Iran’s oil exports will average 1.38 million barrels a day in the current Iranian fiscal year starting March 21, 2013, the International Energy Agency estimates. That’s in l

This seemingly sleepy town, almost sandwiched between Bangalore on one side and Kanyakumari on the other, breathes textile. About two and a half hours' drive from Coimbatore on an easy morning, with lush coconut trees, mills, car & bike showrooms, medical colleges and shops such as 'Coffee Prince' and 'Flying Cakes' lining the roads leading to the town, Karur is quite unlike Tamil Nadu's other textile bastion, Tirupur, which is more about latest fashion, designers, international buyers and n

The rupee’s free fall may cheer garment and textile exporters temporarily but they are not getting carried away, as inflation and pricing pressure from global buyers threaten to cut the party short. Exporters are concerned about the “dramatic” fall in the Indian currency. Says Charath Narsimhan, Managing Director of the Chennai-based Celebrity Fashions, “The volatile rupee could go back as quickly as it fell. The impact can be truly felt only if the momentum sustains.” According to A. Sak

Cotton consumption in Bangladesh will increase 7 percent to 7.28 lakh tonnes this fiscal year for continued export growth of garment and yarn, according to the Economist Intelligence Unit (EIU). The country currently consumes 6.8 lakh tonnes of cotton a year, according to data by Bangladesh Textile Mills Association (BTMA), the platform for cotton importers and spinners. “In Bangladesh, cheap labour costs, relocation by Indian and Chinese companies, and investment in the textiles sector sugg

The Karachi Cotton Exchange (KCE) increased its cotton spot (average) rate by Rs100 per maund (37.324 kilograms) to Rs6,500 per maund ahead of the expected heavy rains that may damage standing crop in fields, a dealer said on Tuesday. “Forecast for heavy rains in the cotton belts invited panic buying from spinning mills. The situation convinced the KCE to increase its spot rate,” Taqi Abbas, a member of the Advisory Committee of the Karachi Cotton Association, said. He said that heavy rains

MRS Fashions, a top clothing exporter in Bahrain, plans to open a new $10 million factory in September to meet rising demand from American consumers. The company accounts for nearly 70 per cent of Bahraini exports to the US. The new 100,000 sq ft facility, which will feature the latest machinery from Germany and Japan, is expected to manufacture three million pieces of designer clothing for JC Penney, Haggar, and Macy's. The company's existing factory produces nearly 160,000 garments per wee

Cotton planting in the northern hemisphere for 2013-14 is progressing well, with an estimated 29.8 million ha forecast for 2013-14, according to the International Cotton Advisory Committee (ICAC). Global cotton production is forecast to drop slightly from a record 27.8 million tons in 2011-12 to 26.4 million tons in 2012-13, and to 25 million tons in 2013-14. In the United States, cotton was planted at a rapid pace in the month of May. In 2013-14, US cotton area is projected to

The garment industry of Kyrgyzstan will increase export by 60 percent before 2015. Increase in output will make up 43 percent. At least 20,000 new jobs will be created as part of the government program for development of the textile and garment industry, the Ministry of Economy of Kyrgyzstan informed. The achieve the goals the program includes several items aimed at achievement of these indexes under the Customs Union. It is planed to create a garment technopolis in Voenno-Antonovka, as well a

Top 10 popular fabric (2013-06-10) Item Width(cm) Weight/Composition/Specification Price(Yuan/m) Embroidered snow yarn 150 30D×30D 21.00 Printed Crinkle Chiffon 150 FDY75D 4.50 Cationic silk brocade 90 210 13.00 Cotton yarn-dyed checked shirt fabric 150 40×40、110×70 8.20 Cotton pad-dyed carded voile 140 60s×60s、90×88 6.00 Thin serge 150 t/r80/20、30s×30s、99×80 9.00

J.Crew Group in its financial results for the three months ended May 4, 2013 said that its revenues increased 12 percent to 564.1 million dollars, with comparable company sales increasing 5 percent. When realigning the weeks of the first quarter last year to be consistent with the current year retail calendar, comparable company sales increased 3 percent on top of an increase of 16 percent in the first quarter last year. Store sales increased 7 percent to 380.2 million dollars on top of an incr