Textile Cotton Fabric Exporter

28 November 2008 - EU's imports of women denim trousers rebounded in the first part of the year, thanks to a rise in the euro added to a removal of quotas and further relocation of Italian production. Chinese prices fell to nearly the Bangladeshi level while Italian imports from Tunisia or Egypt obviously surged. Markets in France and the Netherlands remained weak when UK and Germany recovered.

28 November 2008 - China: Bids for Quota Exports to the US. Abolition of Export Quota on Silk Products. - U.S. CITA: Adjustment of Limits on Imports from China. - U.S. ITA.: Insufficient Evidence To Self-Initiate Vietnam Apparel Dumping Case. - USTR: Plan to impose additional tariff on Viscose/Rayon Staple Fibers from EU. - U.S. President: Duty-free Treatment Under the Earned Import Allowance Program. - U.S. ITC: Sub-Saharan African Textile and Apparel Inputs. - Canada: Signature of the Free Trade Agreement with Colombia. - E.U. Commission: Poland's Reduced VAT Rate on Clothing for Children.

28 November 2008 - Wool prices slightly rose in US$ this week in Australia, reflecting continued demand from China and offer of superfine qualities in Newcastle. Prices fell in South Africa while rising in New Zealand.

27 November 2008 - Cotton prices are clearly rebounding on New York and physical markets, in line with a general recovery of equity and commodity markets triggered by the announcement of a huge spending plan in the United States. This "Obama Effect" may however be short-lived on the cotton market, given the high level in yarn stockpiles being currently accumulated in Asia while apparel retail sales are further falling in Western countries.

27 November 2008 - Polyester prices are not rebounding in line with other global markets. Although crude oil, paraxylene and PTA are clearly on the rise in Asia, polyester producers remained extremely prudent so far. The level in demand from China's textile industry is not expected to rebound. Cotton yarn prices are further falling in China, in addition, although cotton prices are now bottoming out.

27 November 2008 - US imports of men's and boys' woven trousers fell across the board this year, except from China. Shipments remained strong before quotas are eliminated at the end of the year, as a clear sign that China may gain new shares of the US import market in the next year. Competitors in Bangladesh, India and Mexico may find it difficult to compete, even with higher Chinese prices in the future.

26 November 2008 - EU's clothing imports started seriously falling in euro terms in August, according to latest official data. Imports from China continued however rising, thanks to a surge in shipments of knit clothing after quotas were removed at European borders. Other Asian origins heavily suffered from China's competitiveness, except Vietnam which enjoyed a solid rise in shipments in euro terms, as reflected by our statistical tables.