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Central Bank of Nigeria 100 million naira to revitalize textile industry
Edward Adamu, deputy governor of the Central Bank of Nigeria, said that the bank will invest more than 120 billion naira in the cotton, textile, and garment value chains to assist industrial upgrading. The bank…
Prices of yarn from India and Pakistan rise sharply driven by Chinese demand
In the past week, cotton prices in India rebounded as cotton yarn prices continued to rise. That week, the price of S-6 cotton in India rose by 3.2%, and CCI’s large-scale purchases supported market price…
Swedish footwear and clothing sales fall for consecutive months
“Swedish Daily News” reported on December 11 that Swedish Trade Style Index (SwedishTradeStyleIndex) data showed that since the outbreak of the epidemic in Sweden, Swedish footwear and clothing sale…
The number of H&M Group store closures increases again
Swedish “Industry Today” reported on December 18 that due to the epidemic, the number of stores temporarily closed by H&M Group has increased again, currently about 770. The main reason for the …
Bangladesh garment factories return to paying workers in cash
According to Bangladesh’s “Daily Star” report on December 21, a new study shows that during the peak period of the new crown epidemic, Bangladesh’s garment factories used digital payment…
China purchases plain jacquard terry fabrics, cotton fabrics and cotton yarn from Turkmenistan
The Turkmenistan State News Agency reported on December 13 that in the week of December 7-13, 126 contracts were registered at the Turkmenistan State Commodity Raw Materials Exchange. In terms of foreign exchan…
-Pakistan’s textile exports increased by .% year-on-year
According to Pakistan’s “Daily Times” report on December 22, according to the latest data from the Pakistan Bureau of Statistics (PBS), textile exports from July to November were US$6.045 bill…
adidas confirms strategic alternative to Reebok
adidas said on December 14, 2020 that the company was working on strategic alternatives for Reebok, which may involve the sale of the brand, confirming speculation at the end of November. adidas has begun evalu…
Pakistan exports cotton yarn 10,000 tons
In November 2020, Pakistan exported 1.286 billion US dollars of textiles and clothing, a month-on-month decrease of 0.31%, a year-on-year increase of 9.26%; the export of raw cotton was 0 tons; the export of co…
Myanmar’s garment industry needs diversified development
“Myanmar Times” reported that Khaing Khaing Nwe, secretary-general of the Myanmar Garment Entrepreneurs Association, said that due to the reduction in orders due to the current COVID-19 epidemic sit…