Uzbekistan importing cotton after processing all local fibre: Prez
Uzbekistan is now processing all cotton fibre it produces and has also started importing raw cotton to come out with finished products with high added value, President Shavkat...
More Chinese investment likely in Egyptian textile sector: CCCT
Egypt would see the flow of a large number of Chinese investors in the textile and apparel sector in the near future, the chairman of China Chamber of Commerce for Import...
Egypt setting up 7 logistics corridors, 1st container factory: Govt
Egypt is setting up seven comprehensive logistics corridors to link factories with seaports. These are Sokhna-Alexandria, El-Arish-Taba, Cairo-Alexandria, Tanta-Mansoura-Damietta,...
US textile & apparel imports up, while exports dip in Jan-July 2024
From January to July 2024, US textile and apparel imports rose by 5.7 per cent, driven by higher cotton and man-made fibre product imports, according to the Office of Textiles and Apparel. Meanwhile,
China to lift restrictions on foreign investment in manufacturing
China will lift restrictions on foreign investment in the manufacturing sector with the 2024 negative list, effective from November 1, 2024. The list reduces restrictions...
ICE cotton notices further fall on stronger dollar; storm on radar
ICE cotton saw a downward trend yesterday due to a stronger US dollar, which pressured cotton prices for foreign buyers. The December contract settled at 67.68 cents/lb....
WTO goods barometer rises above trend, signals upturn in trade volume
Global goods trade continued to recover in the third quarter (Q3) of 2024 after demand for traded goods stalled last year amid high inflation and rising interest rates, the...
Drewry WCI declines 7.8%, despite looming ILA strike threat
Drewry World Container Index (WCI) fell by 7.83 per cent to $4,775 per 40ft container in early September. Freight rates have consistently eased after peaking in 2021, with...
Cotton yarn prices in India: Fluctuations & market dynamics
India, a leading cotton yarn producer, is witnessing fluctuating prices due to several factors. Recent geopolitical issues, mainly in Bangladesh, declining global demand and local supply constraints
US’ textiles & apparel imports down 2.37% in Jan-July 2024
US textile and apparel imports decreased by 2.37 per cent to $59.757 billion in January-July 2024, compared to the same period in 2023. Apparel imports fell by 4.65 per cent, while non-apparel imports
SE Asia’s economies remained resilient in Q2 2024: McKinsey
Southeast Asian nations remained resilient and delivered credible economic performance in Q2 2024, offering hope economic growth will continue there, McKinsey said. Growth...
NRF urges quick resolution to avoid potential US port strike
NRF is urging negotiations between ILA and USMX to prevent a potential labour strike at US ports. With the contract deadline of September 30 approaching, NRF President Matthew...
ASEAN manufacturing sectors sees modest improvement in Aug: S&P Global
The ASEAN manufacturing sector recorded modest improvement in its health in August, according to S&P Global. However, growth cooled on the month and employment contracted....