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Will The Massive New Regulations To Be Implemented In Europe And America Have An Impact On Textile Exports
After nearly two years of negotiations, the European Parliament officially approved the EU Carbon Border Regulation Mechanism (CBAM) after voting. This means that the world’s first carbon import tax is about to be implemented, and the CBAM bill will come into effect in 2026. China will face...Read more -
US Clothing Imports Decreased By 30% In The First Quarter, And China’s Market Share Continued To Decline
According to the statistics of the United States Department of Commerce, in the first quarter of this year, the US clothing import volume fell 30.1% year on year, the import volume to China fell 38.5%, and the proportion of China in the US clothing import fell from 34.1% a year ago to 30%. From t...Read more -
CAI Further Reduces The Estimated Cotton Production In India For 2022-2023 To Less Than 30 Million Bales
On May 12th, according to foreign news, the Cotton Association of India (CAI) has once again lowered the country’s estimated cotton production for the year 2022/23 to 29.835 million bales (170 kg/bag). Last month, CAI had to face criticism from industry organizations questioning the reducti...Read more -
Retail Sales Of Clothing (Including Footwear) In The United States Decreased By 1.8% Year-On-Year In March
In March, the total retail sales in the United States decreased by 1% month on month to $691.67 billion. As the financial environment tightened and inflation continued, US consumption quickly retreated after a strong start to the year. In the same month, the retail sales of clothing (including fo...Read more -
Multiple Adverse Factors Combined, Brazil’s Cotton Exports Continued To Decline In April
According to the export data of agricultural products from the Brazilian Ministry of Commerce and Trade, in April 2023, Brazilian cotton shipments completed 61000 tons of export shipments, which was not only a significant decrease from March’s shipment of 185800 tons of unprocessed cotton (...Read more -
India New Cotton Planting Is About To Begin, And Next Year’s Production Is Expected To Increase
The latest report from the US Agricultural Counselor states that India’s cotton production in 2023/24 was 25.5 million bales, slightly higher than this year, with a slightly lower planting area (shifting towards alternative crops) but higher yield per unit area. Higher yields are based on &...Read more -
Cotton Yarn In Southern India Faces Sales Pressure Due To Weak Demand
On April 25th, foreign power reported that cotton yarn prices in southern India have stabilized, but there is selling pressure. Trade sources report that due to high cotton costs and weak demand in the textile industry, spinning mills currently have no profits or are facing losses. The textile in...Read more -
India This Year’s Monsoon Rains Are Basically Normal, And Cotton Production May Be Guaranteed
The rainfall during the June September rainy season is likely to be 96% of the long-term average. The report states that the El Ni ñ o phenomenon is usually caused by warm water in the equatorial Pacific and may affect the second half of this year’s monsoon season. India’s vast water ...Read more -
Do You Worry About Selling Australian Cotton Vietnam Has Become The Largest Importer Of Australian Cotton
Due to a significant decrease in Chinese cotton imports from Australia since 2020, Australia has been continuously striving to diversify its cotton export market in recent years. Currently, Vietnam has become a major export destination for Australian cotton. According to relevant data statistics,...Read more -
Brazil Seeks To Export And Sell More Cotton To Egypt
Brazilian farmers aim to meet 20% of Egypt’s cotton import demand within the next 2 years and have sought to gain some market share in the first half of the year. Earlier this month, Egypt and Brazil signed a plant inspection and quarantine agreement to establish rules for Brazil’s su...Read more -
Bangladesh’s Clothing Exports Grew By 12.17%
In the first nine months of the 2022-23 fiscal year (July June 2023 fiscal year), Bangladesh’s ready to wear (RMG) exports (Chapters 61 and 62) increased by 12.17% to $35.252 billion, while exports from July to March 2022 amounted to $31.428 billion, according to temporary data released by ...Read more -
United States Rainstorm In The Middle East, Cotton Planting Postponed In Tthe West
The average standard spot price in the seven major domestic markets in the United States is 78.66 cents per pound, an increase of 3.23 cents per pound compared to the previous week and a decrease of 56.20 cents per pound compared to the same period last year. That week, 27608 packages were traded...Read more
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