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Fitch raises India’s FY26 GDP growth projection to 7.4% from 6.9%

Fitch Ratings recently revised India’s GDP growth forecast for FY26 to 7.4 per cent from 6.9 per cent earlier.
Private consumer spending is the main driver of growth in the country this fiscal, “supported by strong real income dynamics, increased consumer sentiment, and the impact of recently implemented goods and services tax reforms,” it said.
It expects India’s FY27 growth to ease to 6.4 per cent.

China strengthens position in France’s textile & apparel sourcing

China increased its share of France’s apparel, fabric and yarn imports during Jan–Aug, reinforcing its position as the top supplier.
Apparel share rose to 23.07 per cent.
Despite this uptick, long-term pressure persists from EU sustainability rules and rising nearshore sourcing.
Current patterns reflect a balance between Europe-focused compliance needs and China’s scale and cost competitiveness.

Nov US LMI down driven by softening of inventory, warehousing metrics

The November US logistics manager’s index reads in at 55.7—down by 1.7 points from the back-to-back readings of 57.4 in October and September.
The slowdown is driven by a continued softening of inventory and warehousing metrics, but tempered by some expansion in transportation.
While inventory levels did move back into mild expansion at 52.5, inventory cost expansion was down to 70.8.

Kenya welcomes US proposal to extend AGOA deal

Kenya has welcomed a US proposal to extend AGOA in full for an additional year, a decision currently before the US Congress.
A president-led visiting Kenyan team’s discussions with US officials went beyond the immediate extension of AGOA.
Both sides are now laying the groundwork for a new, forward-looking bilateral trade arrangement that will elevate economic cooperation to new heights.

Ratifying ILO pacts to help Dhaka better negotiate GSP+, FTA with EU

Ratifying key ILO conventions will help Bangladesh better negotiate the GSP+ scheme and a potential FTA with the EU, EU envoy to Bangladesh Michael Miller has said.
As Bangladesh prepares to graduate from LDC status, the scheme offers continued preferential market access, but links benefits to the implementation of standards on labour and human rights, environmental protection and good governance, he said.

ICE cotton hits two-week low as traders stay cautious

ICE cotton futures fell to a more than 2-week low as traders remained cautious ahead of the Fed meeting and on weak export sales.
March 2026 settled at 63.93 cents per pound, down 0.15 cents, logging a 1.2 per cent weekly drop.
A softer US dollar offered limited support.
USDA sales declined sharply, sentiment stayed weak, and analysts expect March futures to trade between 63.00 and 65.20 cents.

India–Russia Economic Cooperation strengthened with 2030 roadmap

India and Russia have approved a 2030 economic roadmap, boosting cooperation in trade, energy, connectivity and technology during Putin’s State visit.
Both sides advanced FTA talks with the Eurasian Economic Union and set a $100-billion trade target.
Key focus areas include fertilizers, critical minerals, nuclear energy, Arctic collaboration, defence co-production and enhanced people-to-people ties.

China’s ASEAN outreach: What’s fuelling its strong regional push?

As per reports, in the first 10 months of this year, China’s exports to the US plunged nearly 18 per cent compared to the same period last year, while shipments to the ASEAN bloc reportedly increased by 14 per cent and to the EU jumped more than 7 per cent.
The 11-member ASEAN bloc ranks as China’s largest trading partner, with last year’s bilateral trade reportedly hitting a massive $771 billion.

EU names CPA as Bangladesh's hub for Indo-Pacific maritime cooperation

The EU has designated the Chattogram Port Authority (CPA) as Bangladesh's focal point for its Indo-Pacific maritime information-sharing network.
The decision offers the country a larger role in a system used by over 150 organisations across 57 nations and may streamline how Bangladesh’s agencies use IORIS.
CPA officials attended the IORIS policy board's third standing committee meeting last month.

Bearish tone persists in south India yarn, but new year brings hope

South India’s cotton yarn market stayed subdued, with prices steady in Mumbai and Tiruppur as summer demand arrived late.
Traders expect buying to improve in January, though cheaper polyester may divert some demand.
Spinning mills face pressure to offer deeper discounts.
Gujarat cotton prices climbed due to strong CCI procurement, tightening supply.

RSS Feed Free Textile News - Textiles RSS XML Feeds - Fibre2fashion.com

Fitch raises India’s FY26 GDP growth projection to 7.4% from 6.9%

China strengthens position in France’s textile & apparel sourcing

Nov US LMI down driven by softening of inventory, warehousing metrics

Kenya welcomes US proposal to extend AGOA deal

Ratifying ILO pacts to help Dhaka better negotiate GSP+, FTA with EU

ICE cotton hits two-week low as traders stay cautious

India–Russia Economic Cooperation strengthened with 2030 roadmap

China’s ASEAN outreach: What’s fuelling its strong regional push?

EU names CPA as Bangladesh's hub for Indo-Pacific maritime cooperation

Bearish tone persists in south India yarn, but new year brings hope

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