Silver prices in New Delhi soared to a record ₹1,20,000 per kilogram on Wednesday, driven by investors seeking safe-haven assets following the implementation of steep US tariffs on Indian products. Gold prices also rose, with 99.9% purity gold reaching ₹1,01,270 per 10 grams.

China remains Australia’s largest apparel supplier in 2025 with over fifty per cent share, but its dominance is gradually slipping.
Apparel imports grew 3.07 per cent in January–June 2025 to $3.93 billion, while imports from China rose 2.84 per cent to $2.31 billion.
Bangladesh, Vietnam, India and Indonesia gained ground, reflecting retailers’ efforts to reduce reliance on China.

Nigeria’s First Lady Oluremi Tinubu recently inaugurated an industrial leather processing and manufacturing unit in Mushin, a trading suburb of Lagos state.
The hub is expected to create 10,000 direct jobs and position Lagos as the leather logistics capital in West Africa.
When fully operational, it is expected to generate more than $250 million annually in export turnover.

Sri Lanka’s apparel exports rose 9.84 per cent YoY in July 2025 to $455.16 million, driven by a 26.69 per cent surge to the EU and 24.24 per cent to ‘Other’ markets, though the US fell 2.7 per cent.
January–July exports grew 9.09 per cent to $2.92 billion, with gains across all key destinations.
JAAF said the performance reflects adaptability, urging trade support and value addition to sustain growth.

The US tariffs of 50% on Indian imports have commenced, potentially impacting Surat’s diamond industry, though stakeholders anticipate only a short-term effect due to India’s dominance in diamond production. While the US market presents challenges, manufacturers are considering alternative markets in Europe and Russia. The tariffs are a result of an executive order addressing threats from the Russian Federation.

India plans to boost textile exports by targeting 40 nations. This move comes after the US imposed a 50% tariff on Indian goods. The outreach will focus on quality and sustainability. The goal is to increase India’s market share in the global textile trade. Export Promotion Councils will lead the diversification strategy.

Chinese firm Dunion Taiyang Sheng Shoes (BD) Co Ltd will invest $10.20 million in BEPZA Economic Zone to establish a footwear plant, producing 2.1 million pairs annually and creating 1,939 jobs.
BEPZA’s executive chairman thanked the company, emphasising efficient land use, smart factory design for expansion, and eco-friendly features like solar panels and rainwater harvesting.

Indian gems and jewellery exporters are worried about the impact of the 50% tariff imposed by the US. They have approached the Reserve Bank of India for support regarding working capital. Exporters are also exploring rerouting shipments through countries with lower tariffs like Dubai and Mexico. Surat’s diamond industry fears job losses after Diwali.

Indian textile exporters are facing a crisis due to the new US tariffs. They are meeting to discuss strategies for current and future orders. Many are traveling to the US to negotiate with buyers. The industry fears significant job losses. They are also exploring alternative markets. Exporters seek government support to manage debt obligations. Competition from other nations will increase.

New Zealand’s apparel imports rose 4.68 per cent to NZ$1.22 billion (~$711 million) in January–July 2025, driven by stronger demand for knitted and crocheted garments (Chapter 61), which grew 6.5 per cent.
Imports of woven apparel (Chapter 62) edged up 2.7 per cent, while fabric imports under Chapter 60 surged 18 per cent.
The growth highlights resilient consumer demand in the country.