News Tags

Related Keywords: Bangladesh Bank issues circular, businesmen and traders, implement Jute packaging act, Inter ministerial meeting, mandatory us of jute bags for packaging, millers, Ministry of Textiles and Jute, renewing and disbursing bank loans, sanctioning

An inter-ministerial meeting held at the Ministry of Textiles and Jute (MoTJ) on September 20 decided to tag the condition of mandatory use of jute bags for packaging essential commodities like paddy, rice, wheat, maize and sugar while sanctioning, renewing and disbursing bank loans for millers, businessmen and traders.

Bangladesh Bank issued Monday a circular, directing all the scheduled banks to comply with the government's decision on mandatory use of jute bags for packaging foodstuff and agricultural produce.

Related Keywords: duty on local textile products, GSP Plus status, increase global textile share, incumbent regime allowing Indian yarn imports at 5 percent, Pakistan losing opportunity, Pakistani market a dumping ground, Pakistani yarn exported to India pay 28 percent duty, rise in exports, rising cost of doing business and energy shortage

Pakistan has lost an opportunity for increasing the global textile share, which in turn would have created thousands of jobs and a rise in exports worth billions of dollars. The Pakistani global textile share has fallen from 2.2% to 1.8%, while at the same time, the Indian global textile share rose from 3.4% to 4.7% and that the Bangladeshi global textile share rose from 1.9% to 3.3%.

Related Keywords: EU, EU is Tunisian largest trade partner, Euro-Mediterranean Association Agreement, improve market access opportunities, investment climate, launch negotiations for FTA, support ongoing economic reforms in Tunisia, textiles and clothing products, Trade dominated by machinery, transport equipment, Tunisia

EU Trade Commissioner Cecilia Malmstrom announced the launch of the negotiations for a free trade agreement during a visit to Tunis and talks with Tunisian Trade Minister Ridha Lahouel and Prime Minister Habib Essid. The aim of the agreement is to improve market access opportunities and the investment climate and support ongoing economic reforms in Tunisia, it said on its website.

Asian MEG prices further declined US$18 a ton CFR China and CFR Southeast Asia in the last week of September.

In China, offers for cargoes weakened to US$660 a ton while bonded cargoes were quoted at US$665-670 a ton and talked at US$665 a ton.

Mono ethylene glycol prices fell in Asian markets on thin trading, particularly in China where the markets were close for National Holidays while bearish outlook triggered traders to short-sell.

Downstream, polyester markets are unlikely to plunge in October based on the support from the maintenance of PTA units.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Asian paraxylene prices gained US$1 a ton both FOB Korea and CFR Taiwan/China in the last week of September. Isomer-grade mixed xylene prices were down US$2 a ton FOB Korea.

Paraxylene prices gained on the week as crude oil prices recovered sharply that week. Meanwhile isomer-grade mixed xylenes prices fell marginally as stable downstream stemmed further fall.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

Related Keywords: APTMA going on strike, delay in announcement of relief package by the government, forward buying, mills and spinners, moderat trading activity witnessed, Pakistan cotton market, price fall

The Pakistan cotton market on Tuesday witnessed moderate trading activities as the members of the All Pakistan Textile Mills Association (APTMA) are going on strike against delay in announcement of relief package by the government.

The official spot rate remained unchanged at Rs 5200 while in the ready business, over 16,000 bales of cotton changed hands between Rs 4600 and Rs 5400, dealers said. In Sindh, seed cotton prices were unchanged at Rs 2500 and Rs 2700 and in Punjab prices were at Rs 2500 and Rs 2800.

Related Keywords: accounts around sixty six percent, capitalize TPP benefits, cotton production line, export to TPP member countries, first nine month of this year, reach USD17.1 billion, TCM investing in weaving and dying garment factory, TNG, Vietnam textile and garment exports, VN garment firm putting in place measures

Vietnam's textile and garment exports reached $17.1 billion in the first nine months of this year, of which exports to the TPP's 12 member countries accounted for around 66 percent, according to the Ministry of Industry and Trade.

Related Keywords: Aditya Birla Group, Birla Cellulose, manmade cellulose fibres, Shinehoo Textile Industrial Co, Viscose staple fibre, Zhenlun Spinning Co

Birla Cellulose, a division of the $40 billion Aditya Birla Group and a world leader in speciality viscose staple fibre has embarked on a journey of adding more collaboration’s in China. And to do so, is participating at Intertextile Shanghai Apparel Fabrics from October 13-15, 2015 in Shanghai.

With a wide array of speciality manmade cellulose fibres (MMCF) in their basket like, Birla Viscose, Birla Modal, Birla Excel and Birla Spunshades, the company will be showcasing its LIVA A/W 2016-17 Collection along with two other group companies and six value chain partners.

Related Keywords: European food market, European textile market, export development cooperation, fair trade, Global textile market, home accessories makers, home decor, home textile exporters, home textile manufacturers

The Indonesian Trade Ministry and the Netherlands’ center for promotion of imports from developing countries (CBI) held a two-day training on fair trade for local home décor and home textile exporters on Monday and Tuesday.

The government focused on improving the competitive advantage of the local home accessories and home textile makers in the global market.

With growing demand for fair trade certification globally, government urged these local textile makers to acquire the certification to be competitive in the market.

Related Keywords: across design and product development teams, at US subsidiary Reyman International, Grupo Kaltex, international product lines, manufacturing division Kaltex Home, Mexican manufacturer and exporter of textile and apparel, promote collaborative work, selects Lectra Fashion PLM, streamline process

Mexican manufacturer and exporter of textile and apparel, Grupo Kaltex has selected Lectra Fashion PLM to streamline process and promote a more collaborative work across its design and product development teams at its US subsidiary Revman International and its Mexican manufacturing division Kaltex Home.