- U.S. cotton exports rise on China demand: USDA report
- Despite U.S. cotton production falling 5 million bales from the previous year, the country’s exports are forecast at 15.25 million bales for the ongoing marketing season 2020-21 that began in August. In the five months to December, China has accounted for almost half of U.S. cotton exports
- Feb 01, 2021
- What is the textile industry data when China’s GDP exceeded 100 trillion yuan?
- According to preliminary calculations, the GDP in 2020 was 101,598.6 billion yuan, an increase of 2.3% over the previous year at comparable prices. In quarterly terms, the first quarter was down 6.8% year-on-year, the second quarter was up 3.2%, the third quarter was up 4.9%, and the fourt
- Jan 29, 2021
- EU strategy for textiles roadmap published
- A roadmap setting out the European Union (EU) strategy for sustainable textiles was published early in January 2021. The initiative, launched by the European Commission, notes that the strategy is aimed at shifting the EU to a climate-neutral, circular economy where products
- Jan 29, 2021
- Why does the Indian cotton price hit a five-year high?
- According to feedback from some Indian cotton companies and international cotton merchants, although the main ICE cotton futures contract fluctuated around the 80 cents/lb and the rise in the U.S. dollar index led to a phased correction in commodity futures, CAI forecasted the total output
- Jan 28, 2021
- German economy shrank 5% in pandemic year 2020
- The German economy, Europe’s largest, shrank by 5% in the pandemic year 2020, ending a decade of growth as lockdowns wiped out much business and consumer activity. As dreary as they were, the numbers suggest consumers could be ready to unleash a strong recovery when the lid f
- Jan 28, 2021
- U.S. denim exports from Bangladesh drops
- With overall apparel shipment reducing in Bangladesh denim apparel import by the U.S. continued to fall consistently in November 2020. U.S. imported USD 264 million worth denim apparels in November, declining 10.90% on year-on-year and 19.53% on month-on-month basis. After
- Jan 28, 2021
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