Fashion
India seeks talks with Indonesia at WTO over cotton fabric import duty
India wrote to WTO saying it has substantial trade interest in the export of this fabric. India exported cotton fabrics worth $8.73 million in 2024 and $6.73 million in 2023.
India has sought consultations with Indonesia under the WTO safeguard agreement over the latter’s proposal to impose import duty on cotton fabric.
India wrote to WTO saying it has substantial trade interest in the export of this fabric.
“India would like to propose that consultations… take place virtually on September 23 to 26, 2025 or on a mutually convenient date and time,” it said.
“India would like to propose that consultations… take place virtually on September 23 to September 26, 2025, or on a mutually convenient date and time,” it said.
The WTO Committee on Safeguards circulated to its members a September 16 notification by Indonesia concerning finding of serious injury or threat thereof to the domestic industries producing cotton fabric and a notification of proposed safeguard measure in the form of specific duty against the import of such goods.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
Source link
Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
Source link
The easing in the rate of decline reflects moderating downward pressure from energy markets, particularly crude oil prices, which continue to influence industrial pricing trends, CBS said in a press release.
Manufacturing output prices in the Netherlands fell 2.3 per cent YoY in February 2026, a smaller decline than January’s 2.5 per cent, according to CBS.
The drop was driven by lower crude oil prices, though the pace of decline eased.
Petroleum prices remained subdued.
On a monthly basis, prices rose 0.3 per cent, signalling mild recovery in domestic and export markets.
In February, the average price of a barrel of crude oil stood at nearly €59, down by over 18 per cent YoY. This compares with January, when Brent crude averaged around €55 per barrel, registering a sharper annual decline of more than 27 per cent.
Petroleum-derived product prices also showed a narrower contraction, falling by 9.1 per cent YoY in February compared to a steeper 15.6 per cent drop in January.
On a month-on-month (MoM) basis, however, manufacturing output prices edged higher by 0.3 per cent in February. Export prices rose by 0.4 per cent, while domestic market prices increased by 0.3 per cent, indicating a modest recovery in short-term pricing momentum.
Fibre2Fashion News Desk (SG)
AI Has Flooded All the Weather Apps
Indonesia’s apparel exports at $8.7 bn; 56% shipments to US
King Charles important annual tradition hit with setback as warning issued
-
Politics1 week agoAfghanistan announces release of detained US citizen
-
Sports1 week agoBroadcast industry CEO says consolidation is ‘essential’ to compete for NFL soaring media rights prices
-
Entertainment1 week agoUN warns migratory freshwater fish numbers are spiralling
-
Business7 days agoProperty Play: Home flippers see smallest profits since the Great Recession, real estate data firm says
-
Tech1 week agoCan a Home Appliance Fix the Problem of Soft-Plastic Waste?
-
Business1 week agoGold prices soar in Pakistan – SUCH TV
-
Fashion1 week agoICE cotton slips on weaker crude, profit booking
-
Business1 week agoMore women are entering wealth management, but few are in advisory roles, study finds