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HSBC rolls out support for Bangladesh factories hit by Covid-19

2020-03-30 14:00:00| Daily apparel & textile news and comment - from just-style.com

The Bangladesh arm of HSBC bank has said it will roll out measures to provide "immediate assistance" to the suffering textile and garments sector that has been hit by Covid-19 and the related economic impact.

Tags: support hit bangladesh rolls

 

Bangladesh Yarn Prices: Domestic Markets (Monthly Report)

2020-03-27 19:13:06| EmergingTextiles.com

Cotton yarn prices have begun to decline in Bangladesh a few days before the country entered a nationwide lockdown, over the Covid-19 epidemic. Margins had improved at spinning mills which could now be confronted with a fall in demand and production. Our monthly report covers Bangladeshi yarn prices, including cotton carded, cotton organic, melange, carded slub, cotton-polyester 60/40, cotton-polyester 40/60, and open end. Data on the annual cotton consumption and imports of Bangladesh provide further insight. Yarn prices in Bangladesh are also available in our price database on a weekly basis.

Tags: report prices monthly markets

 
 

Bangladesh factories told to operate despite lockdown

2020-03-27 14:24:00| Daily apparel & textile news and comment - from just-style.com

Bangladesh has ordered thousands of clothing factories to continue production throughout a 10-day countrywide lockdown in force since Thursday (26 March) aimed at slowing the spread of new coronavirus that causes Covid-19.

Tags: told operate bangladesh factories

 

Bangladesh Apparel Exports in 4th quarter and Full 2019 (Quarterly Report)

2020-03-26 19:13:48| EmergingTextiles.com

Apparel exports from Bangladesh are expected to plunge in the coming months, over the Covid-19 crisis, before potentially rebounding. The clothing industry overcame in 2019 a sharp rise in the minimum wages, although still excessively focused on cotton products. Our statistical series provide a comprehensive view of Bangladesh's clothing exports in 2014-2019, including volume, value, and unit value changes per destination. Data also include US and EU clothing imports from Bangladesh per product category, whereas a comprehensive benchmark comparison between Bangladesh and other countries of origin is also released. All data are available for download.

Tags: full report apparel quarter

 

Bangladesh garment sector needs global support to survive coronavirus

2020-03-25 12:43:00| Daily apparel & textile news and comment - from just-style.com

Bangladesh's apparel industry is in gridlock, with millions of jobs at risk as orders are frozen or cancelled amid the coronavirus pandemic. Brands do not want to lose their supply chains and factories do not want to lay off workers - but without short-term financial support, that is likely to be the next step.

Tags: support global sector bangladesh

 

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