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....
North Indian cotton yarn steady; recycled PC yarn & fibre prices up
North India cotton yarn prices remained steady in Delhi and Ludhiana due to average demand and rising cotton costs, which have increased production expenses. Cotton prices have surged due to reports
US manufacturing PMI declines as production falls in August
In August, US manufacturing production fell for the first time in seven months, with Manufacturing PMI dropping to 47.9. Declining sales, weakened demand, and geopolitical...
Bharat Tex 2025 to take place in Delhi from February 14-17
Bharat Tex 2025, scheduled from February 14-17 in Delhi, is a major global textile trade fair organised by Textile Export Promotion Councils and supported by the Ministry...
ICE cotton prices dip amid slow demand & weaker crude oil
ICE cotton prices fell yesterday due to slow demand, improved crop conditions, and weaker crude oil prices. The December contract settled at 69.81 cents per pound, down...
EU guidance on implementing revised rules on renewable energy adopted
The European Commission has adopted four guidance documents to back work by EU nations in transposing and implementing revised directives on renewable energy and energy efficiency...
ICE cotton prices climb amid strong demand & weather concerns
ICE cotton prices rose after the holiday, driven by increased demand, higher agricultural commodities, and weather concerns. However, gains were limited due to a stronger...
Responsible Textile Recovery Act of 2024 passed in California assembly
The California state legislative assembly in the US has passed the Responsible Textile Recovery Act of 2024. It requires an apparel or textile items producer to form and...
Air cargo market sees robust growth in July, led by Asia-Pacific
IATA reported robust growth in global air cargo demand for July 2024, with a 13.6 per cent YoY increase in total demand and an 8.3 per cent rise in capacity. All regions...
Academics want more research on natural fibres’ sustainability aspects
In a letter to a scientific journal, a group of academics has called for more focus on the sustainability issues associated with natural textile fibres as these may be less...
