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| Government plans to boost the Indian Textiles |
The new UPA government has planned to boast the declining textile exports of the country, Thou the action plan is too late many textile exporters would welcome this move from the government. Apart form the below power cut problems and labour shortage is another area were government will have to focus on.. As part of the short-term strategy, the government will try to rationalize the fiscal structure, exporters exempt from service tax, reduce interest rates on pre- and post- shipment credit, and facilitate faster clearance of arrears of terminal excise duties and central sales tax say the textile minister. The assurance comes in the backdrop of around 2 per cent decline in India's textile exports, which are estimated at $21.75 billion in 2008-09, due to slump in key markets such as the US and Europe.
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| SIHMA has announced 7% hike in knitwear products.. |
Tirupur manufacturers has been supplier inner wear and knitted garments to various parts of India on a regular basis, The association of the hosiery  manufacturer have decided to increase the price by 7% with respect to all products that they manufacture. This decision was taken after taking the increasing yarn price in to the account. In last three months there was an increase of about 12.Rs/ kG. The yarn manufacturers have increased the price due to the increasing power cut which is causing a huge loss of production. If government leave these issues unattended this industry shall loose it's competitive advantage. It's important that government make the cotton available through cotton corporation of India and provide adequate uninterrupted power supply to spinning mills.
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| Vietnam increases it's exports to Japan by over 20% |
According to Vitas, Japan is now Vietnam's third largest garment export market, accounting for 9 percent of the country's total export revenue of US$820 million in 2008. The turnover of Vietnam's garment exports to this market is expected to reach US$1.1 billion by 2010, up by 16.7 percent. According to the Vietnam Textile and Apparel Association (Vitas), in the first five months of the year, Vietnam's garment export turnover to Japan hit nearly US$400 million, a 20 percent increase over the same period last year. The figure is expected to reach between US$900 million and US$1 billion for the whole year, up by 20 percent. In addition, the Vietnam-Japan Economic Partnership Agreement (EPA) has helped to create a favourable business environment in various fields. Under the agreement, garments from Vietnam and other ASEAN countries exported to Japan have enjoyed a preferential tax rate of zero percent since earlier this year.
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| Bangladesh exports feel the heat of low pricing.. |
Bangladesh Export Promotion Bureau data show a 0.22 percent decline in the price index of all products, including RMG, in March, while the February decline was 2.29 percent. In the case of primary products, the price index declined to 4.90 percent in July-March period, compared to the 14.08 percent in the first eight months of the outgoing fiscal year. A low price now being offered for apparels from international buyers has become a concern for Bangladesh exporters,every year buyers are cutting prices of Bangladesh made readymade garment (RMG) products, although raw material prices are on the rise. on the back of ongoing global financial meltdown and higher costs of doing business. The exporters lament they are offered a price that is 10 percent lower than they were offered before the recession, for which they could hardly make any profit. However, some exporters see the new buyers' leaning towards Bangladesh as a positive side. A considerable number of buyers arrive here to place export orders because they find the RMG prices in other countries higher. Despite around 20 percent rise in the cost of doing business last year, an intense competition in the sector meant producers had been unable to pass the higher costs on to buyers. Erratic gas and power supply, higher cost of fund, higher freight charges--both in local and international markets, yarn price hike, implementation of the minimum wage for workers, higher transport costs, weak infrastructures and higher prices of capital machinery caused such a higher cost of doing business.
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| Apparel exports to US has dropped |
Indonesian garment exports have dropped around 0.8 percent due to the impact of the financial crisis in the US. Right now the Chinese market is shrinking and therefore exports to the US, Europe and Japan also declined. Indonesian garments` major markets are the US, Europe and Japan. from China, Mexico and India to the US had also dropped almost three percent. however that exports from several countries such as Vietnam and Bangladesh to the US were up.
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| China sells its cotton reserves to stabilize price |
In comparison with statistics last November, cotton prices have gone up by 2,000 yuan (293 U.S. dollars) per tonne as of April, said Zhang, citing a shortage of cotton as the cause of the price hike so China sold 4,991 tonnes of cotton from state reserves via its national cotton exchange based in Beijing . The move is part of the country's plan to sell 1.5 million tonnes of cotton to meet demands of textile makers and to stabilize prices of the cotton market. The plan has been approved by the Ministry of Finance and the National Development and Reform Commission (NDRC), said an official, surnamed Zhang, with the second commodity section of the economic and trade division under the NDRC .
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| Still Some companies in Tirupur work with 40% margins |
I recently had a change to talk with the sub contractor of a well known company. During the discussion i decide to cross check the price of the sub contractors and buyer confirmed price to that well known company, to my surprise i found it 40% margin. How do they work... 1. They supply only base material yarn and the rest in the hands of the sub contractor .. 2. Rotate the suppliers money and always have few lakhs of sub contractors money . 3. Try to play around with quality aspects and save as much as possible. 4. Pass all the debits and Air cost to the sub contractor. In short exploit the sub contractor and make as much money as possible.
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| Tirupur yarn prices increased by Rs.3 to Rs.5 per KG |
| hosiery yarn rate in Tirupur has been increased by 3 to 5.Rs. The reasons for the increase is still not very clear. some sources say garment industry in tirupur has started get booking for winters that too in good volumes so spinning mills have increased the price in anticipation of demand. other source say that it's mainly due to fequent power cuts. The reason for the price increase is still not clear but for sure that price have been increase by 3 to 5 rs.
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| Growing demand for organic cotton. |
Walmart, C&A, Nike, H&M, Zara, Anvil, Coop Switzerland, Pottery Barn, Greensource, Hess Natur are top ten organic cotton-using brands and retailers. Global retail sales of organic cotton apparel and home textile products reached an estimated $3.2 billion in 2008, according to the Organic Cotton Market Report 2007-2008 released by the non-profit organization Organic Exchange today. This represents a 63 percent increase from the $1.9 billion market in 2007.
The top ten organic cotton-using brands and retailers globally were Wal-Mart (USA), C&A (Belgium), Nike (USA), H&M (SE), Zara (Spain), Anvil (USA), Coop Switzerland, Pottery Barn (USA), Greensource (USA), and Hess Natur (Germany).
Despite the global retail outlook, most brands and retailers selling organic cotton products remain committed to their sustainability plans and upbeat about market growth with plans to expand their product lines 24 and 33 percent in 2009 and 2010, respectively, to result in an estimated $4 billion market in 2009 and a $5.3 billion market in 2010.
"It is a sign of the times that despite ominous financial forecasts, brands and retailers are standing fast to their commitment to making their product lines more sustainable by ever increasing their use of organic cotton and other organic fibers such as wool, linen, and silk," said LaRhea Pepper, Organic Exchange senior director.
The amount of organic cotton farmers grew worldwide in 2007/08 increased 152 percent,according to OE's Organic Cotton Farm and Fiber Report 2008, organic cotton production increased to 145,872 metric tons (MT) (668,581 bales) grown on 161,000 hectares in 22
countries worldwide (from 57,932 MT (265,517 bales) produced in 2006/07).
OE notes that during 2008, certified organic cotton fibre supplies grew by 95 percent,significantly higher than annual growth rates of 45 percent in 2006 and 53 percent in 2007. "Farmers who planted on speculation or expanded without market partners may have shifted the market into a state of oversupply in 2009," says Pepper, who strongly discourages farmers from taking this kind of risk. "Brands may want to explore opportunities for expanding their organic programs with their business partners," she continued, "as for the first time in many years, supplies of organic fiber, yarns, and fabrics are more available than in previous years." Organic production is based on a system of farming that maintains and replenishes soil fertility without the use of toxic and persistent pesticides and fertilizers or genetically-modified seeds.
About Organic Exchange
Founded in 2002, Organic Exchange facilitates expansion of the global organic cotton fiber supply by working closely with the entire value chain, from farmers to retailers, to help develop organic cotton programs. OE has hosted numerous organic cotton conferences and trainings in supply chain centers around the world, including Brazil, China, India, South Africa, Thailand, Turkey, Uganda, the United Kingdom, and the United States.
David Bennell became the new executive director of Organic Exchange December 1, 2008. Bennell was formerly the director of the Forest Stewardship Council Global Fund and the manager of product research, testing, and environmental affairs at L.L. Bean. OE's 7th Organic Exchange Global Conference and Marketplace will take place in Seattle, Washington in October, 2009.
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