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Xinjiang’s cotton output accounts for more than 90% of the country, and there is a lot to be done to consolidate the foundation of the textile industry
Data released by the National Bureau of Statistics show that the total cotton output in 2024 is 6.164 million tons, an increase of 546,000 tons over 2023, an increase of 9.7%. Among them, Xinjiang cotton output of 5.686 million tons, an increase of 574,000 tons over 2023, an increase of 11.23 per...Read more -
Watch: India’s cotton import growth in 2024 is far ahead of the previous year
According to customs statistics, in 2024, China imported a total of 2.61 million tons of cotton, an increase of 33.8%, of which Brazil cotton is the largest import source country, accounting for 42%; The United States came in second with 33 percent. Australia ranked third with 18 per cent, follow...Read more -
The dark horse of the fabric world! Why is double crepe so popular?
In the current fashion market, consumers are increasingly picky about the choice of fabrics, they pursue not only the appearance of fashion and beauty, but also pay more attention to the comfort, practicality and environmental protection of fabrics. It is against this market background that we re...Read more -
Russia’s largest garment factories will move to Bangladesh and Vietnam
Russia’s largest clothing manufacturer Shift production to Bangladesh and Vietnam Gloria Jeans, a Russian clothing and footwear manufacturer, plans to close some of its production facilities in Russia. These measures will mainly affect the infrastructure of Rostov Oblast. A se...Read more -
Cotton prices keep falling. What’s the matter?
Today, Zheng cotton main continued last week’s decline, hitting a minimum of 13,530 yuan/ton, a new low in three months. New cotton processing continues to be at a high level, and has now exceeded 5.2 million tons, while the downstream pre-replenment is expected to fall, superimposed tariff...Read more -
Is the textile industry about to face greater challenges? Global supply chains are increasingly influenced by regional and international political dynamics!
Recently, Trump’s remarks were like a bombshell, arousing widespread concern in the international community. He has threatened to impose 10 per cent tariffs on BRICS countries if they try to displace the US dollar’s global dominance. This kind of direct threat is not common in interna...Read more -
Textile and garment industry in Bangladesh: Challenges, opportunities and the path to transformation
Bangladesh’s textile and Garment industry: Challenges, opportunities and transformation Bangladesh, a country located in the eastern part of the South Asian subcontinent, occupies a pivotal position in the global supply chain with its strong textile and garment manufacturing industry. The t...Read more -
The South American textile market became the second Southeast Asian, starting from this port
Since the dust settled after the US election, export tariffs are one of the most concerned issues for many textile people. According to Bloomberg News, members of the new US President’s team recently said in a telephone interview that they would impose the same tariffs as China on any goods...Read more -
Net comment: The macro situation is unfavorable USDA or continue to reduce cotton consumption
With the 2024/25 cotton harvest in China and the United States, the two major cotton producing regions in the Northern Hemisphere, coming to an end, coupled with the 2023/24 cotton processing in Australia and Brazil, the global cotton production and supply pattern of this year is gradually clear,...Read more -
Will many textile factories move from China to Indonesia? What should we pay attention to when building a factory in Indonesia?
Recently, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto revealed at a press conference that 15 overseas textile investors plan to relocate their factories from China to Indonesia to promote the development of this labor-intensive industry. He said that the reason...Read more -
The exchange rate of RMB against the US dollar suddenly soared! What happened?
On the afternoon of July 25, the RMB exchange rate against the US dollar rebounded significantly. As of press time, the offshore yuan rose more than 600 points to 7.2097 against the dollar during the day, and the onshore yuan rose more than 500 points to 7.2144. According to the Shanghai Securit...Read more -
International observation: At the end of the year, China’s cotton imports are insufficient
According to customs statistics, as of June, 2023/24 (2023.9-2024.6) China’s cumulative import of cotton nearly 2.9 million tons, an increase of more than 155%; Among them, from January to April 2024, China imported 1,798,700 tons of cotton, an increase of 213.1%. Some agencies, internation...Read more -
Behind the imposition of tariffs in Indonesia, a large number of textile industry closures, 13,800 people lost their jobs
Last week, some overseas media reported that as Indonesia’s textile industry failed to compete with low-priced imports, textile factories were closing down and laying off workers. For this reason, the Indonesian government announced plans to impose tariffs on imported textiles to protect th...Read more -
Imported cotton: the US dollar resource base difference is strong, and the cotton price inside and outside is hanging and expanding
According to the feedback of some cotton trading enterprises in Zhangjiagang, Qingdao and other places, driven by the bottom rebound of ICE cotton futures since May 15 and the recent thunderstorms in the southwest cotton region and the Southeast cotton region of the United States, the sowing work...Read more -
Burst! Mexico imposes temporary tariffs on 544 items, up to 50%! With immediate effect
On April 22, local time, Mexican President Lopez Obrador signed a decree imposing temporary import duties of 5% to 50% on 544 goods such as steel, aluminum, textiles, clothing, footwear, wood, plastics and their products. The decree came into effect on April 23 and is valid for two years. ...Read more -
Cotton use set to hit lowest in more than 100 years U.S. cotton mill closures are accelerating
According to foreign news on April 1, analyst IlenaPeng said that US manufacturers’ demand for cotton is relentless and accelerating. At the time of the Chicago World’s Fair (1893), nearly 900 cotton mills were operating in the United States. But the NationalCottonCouncil expects that...Read more -
Cotton use set to hit lowest in more than 100 years U.S. cotton mill closures are accelerating
According to foreign news on April 1, analyst IlenaPeng said that US manufacturers’ demand for cotton is relentless and accelerating. At the time of the Chicago World’s Fair (1893), nearly 900 cotton mills were operating in the United States. But the NationalCottonCouncil expects that...Read more -
Uniqlo disclosed that 50 stores will be closed in China this year, and e-commerce will be another major entry point
Takeshi Okazaki, chief financial officer of Japanese clothing giant Fast Retailing (Fast Retailing Group), said in an interview with the Japanese Economic News earlier that it would adjust the store strategy of its flagship brand Uniqlo in the Chinese market. Okazaki said the company’s goal...Read more -
Long staple cotton: India cancels import tariffs and prices fall against the market
Recently, the Federal Government of India has completely waived tariffs on imports of ultra-long staple cotton, according to the notice, reducing the import tax on “cotton, not coarsely carded or combed, and the fixed length of the fiber exceeds 32 mm” to zero. A senior executive of a...Read more -
Shipping price pressure! SCFI lost six straight
The post-holiday market has been plagued by a low season, a significant shortage of cargo, and at the same time, overcapacity and increased competition have combined to suppress freight rates. The latest edition of the Shanghai export container Freight Index (SCFI) fell again by 2.28% to 1732.57 ...Read more
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