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Related Keywords: Bangladesh, China, Cotton Advisory Board, cotton bales, cotton export, cotton exporter, cotton price, new cotton season, Pakistan, Southeast Asian markets, Thailand, Vietnam spinning cotton

With the new cotton season (Oct-Sept) beginning, cotton exports in the country have started to pick up but it is unlikely to meet the estimates of 9 million bales put forward by the Cotton Advisory Board for the 2014-15 cotton season.

According to Prerana Desai, head of research with Edelweiss Commodities they see exports almost 20% lower than what has been estimated by CAB as China, a big buyer is facing slow down and there local Government is pushing for use of higher local material. However, two third of India's cotton exports still directly destined to China.

Related Keywords: Bangladesh, chinese mill, cotton bales, cotton yarn, Cotton year, decline in cotton prices, finer quality cotton, Indian cotton exporters, Indian cotton industry, international prices, long-staple, Vietnam

This cotton year, India has exported 11.5 million bales, compared with 11.4 million bales in the previous cotton year. It is estimated at the beginning of the next season, export will fall 35-40 per cent.

Currently, cotton exports from India have come to a standstill, as the global prices are on a downward trend, while Indian prices are higher than them.

Related Keywords: Bangladesh, China, European Union, Garment Exporters, GSP plus, labour law, Pakistan, readymade garment industry, wage rate, zero duty access

EU being the largest market for Indian textile exports, Indian garment exporters have to face tough competition from neighbouring countries for export of readymade garments mainly due to zero duty access to European Union (EU) available to Bangladesh and inclusion of Pakistan in GSP plus by the EU. Apart from this, difference in wage rates, labour laws etc.
 

Related Keywords: Bangladesh, bilateral trade and investment, Free trade agreement, imports cotton, jute, jute goods and readymade garments, textile processing raw materials, Turkey

Bangladesh seeks to sign a free trade agreement (FTA) with Turkey to boost bilateral trade and investment. A high-powered Bangladesh delegation headed by an additional secretary of the ministry will be in Turkey early August seeking to increase bilateral trade and investment between the two countries. They would be negotiation over signing of a FTA with Turkey for mutual benefits.
 

Related Keywords: Bangladesh, Pakistani textile unit, unfair policies

The unfair policies of Bangladeshi government has created an insecurity amongst the Pakistani investors who had relocated their textile units in Bangladesh as they faced acute energy shortage and fluctuating tariffs of utilities in Pakistan. The Investors of Pakistan textile units in Bangladeshi are left with no other alternative but to move back home once again.

Bangladeshi government policy has left Pakistani investor altogether flustered, as Bangladeshi feels Pakistan is responsible for overplaying the collapse of a textile factory building in Dhaka at global markets.

Related Keywords: Bangladesh, MoIT, textile market, Vietnam exports

The Ministry of Industry and Trade’s (MoIT) Africa, West Asia, and South Asia Market Department considers Bangladesh a market rich in potential, as Vietnam’s 2013 earnings from exports to Bangladesh increased to 42.3%, exceeding US$446 million.

Increasing exports will require Vietnamese businesses to familiarise themselves with the unique demands of Islamic consumers as an estimated 89.5% of Bangladeshi citizens identify as Muslim

Related Keywords: Bangladesh, knit exports, woven

The Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) sees knit readymade garment exports likely to exceed wovens again this year in the next couple of months.

Performance of knit exports shows an increase every year and in five months of the current fiscal the average monthly growth is more than 19%.

According to the association, during financial year 2011-12 knit exports share of RMG was 49.69%, whilst wovens amounted to 50.31%. These numbers have changed and in the last fiscal it was 48.69% for knits and 51.31% for wovens.

Related Keywords: Bangladesh, exports, home textile

The Bangladeshi home textile exports have declined due to political unrest and inadequate supply of gas in the dyeing factories. Hampering production and compelled them to spend more to generate energy by alternative means. It has seen a 6% decline in the first half of the current fiscal year. It also fell 9% short of the period’s target of $388.21m. The home textile export target was set at $831 for the whole fiscal.

In July-December period of the FY2013-14, home textiles fetched $350.20m, which is 6.30% lower compared to $375m for the same period of previous fiscal, EPB data showed.