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Related Keywords: apparel, China, clothing, enterprises, export, garment, MIIT, retail, Sales, technology

China's garment industry saw revenue expansion and dropping profits in the first seven months of the year, according to the Ministry of Industry and Information Technology (MIIT).

In the January-July period, the combined operating revenue of major garment enterprises each with an annual operating revenue of 20 million yuan (about 2.8 million U.S. dollars) rose 2.15 percent year on year to 896.2 billion yuan, MIIT data showed.

However, profits of those enterprises shrank 3.48 percent to 46.1 billion yuan compared with a year ago during the period, said the MIIT.

Related Keywords: cotton, crisis, export, fabric, fall, government, taxes, Textile, yarn

Monthly exports of cotton yarn is at a 5-year-low.

Export of cotton textiles continued their downtrend and registered a fall of 24 per cent during the April-July period. The provisional data released for the first three weeks of August also showed a decline of 25 per cent month-on-month.

Related Keywords: CAPMAS, consumption, cotton, Egypt, export, farmer, profit, Q3, spinning mills

Egyptian cotton exports increased during the third quarter of the agricultural season 2018-2019 to 510,200 metric quintals compared to 160,100 metric quintals during the corresponding period of the previous season, a rise of 218.8 percent owing to the increase of cotton production, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced.

Related Keywords: Bangladesh, brand, export, fashion, Garments, government, manufacture, readymade, RSC

European fashion brands who buy readymade garments from Bangladesh agreed on Tuesday to hand over responsibility for issues like worker safety to a new body called the Readymade Sustainability Council (RSC).

RSC, governed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and brands and workers’ representatives, will replace the Accord on Fire and Building Safety in Bangladesh to ensure compliance with work-place monitoring in the industry.

Related Keywords: apparel, ATSC, buying, Canada, Chin, e-commerce, export, import, show, sourcing, Textile, Torronto

One year after the global trade wars ignited, thousands of representatives from the Canadian apparel and textile industry – from designers and brands, to retailers, e-commerce sellers, importers and buying offices – were out in full force at the fourth annual Apparel Textile Sourcing Canada (ATSC) show in Toronto last week in search of trade policy updates, future market directions, and new opportunities for international trade and sustainable global sourcing.

Related Keywords: climate, cotton, drought, environment, export, United States

The U.S. is the world's leading cotton exporter, with an industry estimated to generate more than $21 billion of products and services a year. Drought and climate change are having an effect on the crop, though. So scientists in Boston are growing cotton in labs to develop new ways to reduce environmental stress.

"Virtually every major crop in the U.S. and around the world is at significant risk to climate change, and cotton is no exception to that," Geoffrey Von Maltzahn said.

Related Keywords: Bangladesh, EPB, export, garment, Knitwear, ready-made

Bangladesh's exports in the first month of the current 2019-20 fiscal year ending next June surged 8.55 percent to nearly 4 billion U.S. dollars, an official said Tuesday.

The Export Promotion Bureau (EPB) official told that export performance for July was 3.88 billion U.S. dollars.

Of the total earnings, he said the country's income from ready-made garment items, including knitwear and woven, stood at 3.31 billion U.S. dollars.

Related Keywords: apparel, Bangladesh, China, clothing, cotton, export, fabric, import, India, Textile, Vietnam, yarn

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry.

Sanjay K. Jain, chairman of the Confederation, has said in a press release that the space vacated by China was largely occupied by the least developed countries, including Vietnam and Bangladesh. India has not been able to tap the opportunities because of its competitive disadvantages and trade barriers in the international markets.

Related Keywords: environment, export, fabrics, fibre, growth, India, man-made, MMF, polyester, sustainability, technology, Textile, value chain, viscose, yarn

Man-made fibre (MMF) industry is contributing 2% to India’s GDP and providing jobs to over 18 million people directly and more than 20 million indirectly and technical textiles are expected to see a significant growth in coming time, according to a textiles export body.

Synthetic & Rayon Textiles Export Promotion Council chairman Ronak Rughani said with an increasing focus on protecting environment, the demand for man-made fibre (MMF) textiles as a substitute for cotton is growing globally.

Related Keywords: cotton, Cotton Association of India, export, Imports, India, Pakistan, Textiles, yarn

Pakistan’s move to stop import of products from India or of Indian origin is not expected to have much impact on the Indian textile industry, said Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council.