Prices of Raw Cotton for the week ending 10/05/2014
|Variety||Price (Rs. Per Kg.) during|
|MEDIUM (20.5 - 24.5)|
|J-34 (Bikaneri Narma)||128.46||126.45||125.78||108.12|
|LONG (27.5 TO 32 mm)|
|EXTRA LONG (32.5 & ABOVE)|
|DCH - 32 (SI)||176.97||175.56||174.72||138.37|
|Wt. Avg Price of Raw Cotton||113.52||112.00||111.29||100.58|
|Source : Tecoya Trend, Bombay.|
Written By Views maker on May 21, 2014 | 5/21/2014
Prices of Cotton Yarn for the week ending 10/05/2014
|Variety||Price (Rs. Per Kg.) during|
|A: COTTON HANK YARN :|
|B: COTTON CONE YARN :|
|60s / 62s comb||303.00||300.00||296.00||310.00|
|C: COTTON YARN HOSIERY CONES :|
|Source : RO Coimbatore, The prices mentioned above are inclusive of all duties/taxes. ( i.e. inclusive of 4% VAT for Cone yarn, no VAT for hank yarn as applicable in Tamilnadu.)|
Written By Views maker on May 14, 2014 | 5/14/2014
Ahead of the Natwest UK Fashion And Textile
Awards 2014 on May 22nd, we've been taking stock
of the amazing things that have happened in the UK
textile industry since the start of the year. And
there's no bad news here...
1. Chanel announced plans to create 100 new
knitwear jobs in Scotland. Think all that Lagerfeld-
dreamed-up magic happens in Paris? Not so much.
The fashion house works with Barrie Knitwear in
Hawick to create its cashmere products. In April,
president of Chanel Bruce Palovsky revealed the
company has plans to expand its business there
over the next three years.
2. Textile manufacturing in the UK is seriously back
in vogue. Businesses who resisted the trend to
produce abroad have reported incredible profits –
prime example? Savile Row's Drake's Of London
made £7m last year - and new labels are following
suit. Hipster brand Bitching And Junkfood quit China
to manufacture from Edmonton, east London, while
the first "made in Britain" stiletto company Yull
Shoes, opened in 2011.
3. Smart textiles AKA the wearable tech business is
booming in the UK. British-made interactive textiles
are now being used by huge brands such as Nike,
Quicksilver, Tommy Hilfiger, Levis and North Face.
4. Companies want textiles made in the UK. Talking
to fashion industry bible Drapers earlier this year
from London's Textile Forum, business manager of
Hainsworth Wool Michael Booth said: More and
more people want the UK made product," he said.
"People have got tired of everything made in
sweatshops, it's about quality now."
5. The UK's first ever fashion and textiles show is
happening. "Meet The Manufacturer" is being
launched by ex-Burberry accessories designer and
Debenhams buyer Kate Hills and set to take place on
June 11th and 12th at the Old Truman Brewery. It's
aim? To "support a revival in UK fashion and textile
MyDaily is the official media partner of the UK
Fashion And Textile Awards 2014.
Written By Views maker on May 04, 2014 | 5/04/2014
The London Textile Fair is set to launch an extra edition for Asian suppliers this October, after KellyKO, the fairs organizers were “completely inundated” with requests from Asian textile manufacturers and mills.
“The London Asia Textile Fair will now be the first fair catering exclusively for manufacturers from the Asian market. With the support of many of the biggest UK textile agents, the fair will undoubtedly be a great success,” commented the fairs' organizers.
Known as the London Asia Textile Fair, the event is set to showcase a number of textile suppliers from China, the Philippines, Korea and Thailand. The fair will be hosted in Shoreditch's town hall in London, from 27 October to 28, 2014.
John Kelley, the fair organizer, revealed that already 35 exhibitors have signed to show and 100 manufacturers are predicted to attend the upcoming edition.
“We kept on getting requests from Asian manufacturers to join the London Textile event but as time scales are different we wanted to keep the Asian and European manufacturers separate,” he commented to Drapers.
'”We have a lot of the big boys in the clothing industry coming, all of the mills that deal with top UK retailers.” The fair will not be as large as its counterpart, the London Textile Fair, and is more selective with its exhibitors.
The Asian Fair is set to occur after the London Textile Fair, which is has over 250 exhibitors and will be held at the Business Design Center, in London on July 16 and 17.
The Japanese are shifting their business from China to other textile producing countries because of [political] tensions between Beijing and Tokyo. Last year, Japan’s textile imports from China dropped to 74pc of its total purchases of $40b, from 86pc a year earlier. China’s loss was the gain of Vietnam and Cambodia
Kenya will soon be the first country in sub-Sahara Africa, hosting a fully serviced textile city to meet the manufacturing investment needs for a number of leading global garment marketing firms.The Textile City model to be championed by the Ministry of Industrialization and Enterprise Development will besides foreign investments attraction be one of the key pillars earmarked as the national job creation platforms.
Speaking in Nairobi on Wednesday at the Export Processing Zone Authority (EPZA) Complex in Athi River, when he hosted a delegation of 40 international garment manufacturing firms, with combined annual revenue of more than $25 billion who are on a country visit, Cabinet Secretary, Adan Mohamed, confirmed that plans for the establishment of a textile city are now at an advanced stage.
The delegation is led by high ranking executives from PVH and VF Corporation, who are some of the world’s largest apparel manufacturing companies which own and market iconic brands worldwide.
By establishing a textile city, for onward leasing to potential investors, Kenya, Mohamed assured will be seeking to address existing industrialization bottlenecks at the Athi River EPZA zone as well as other locations.
The ministry, he said, targets to attract at least 100 textile investment firms at the textile city and create more than 200,000 sustainable textile jobs by December 2016.
Eco Textiles has published a news Article on Indian Textiles as below stating that Indian textiles are not adhering to Environmental law .
The GSP Plus facility is effective from January 1, 2014 and in the first three months the overall textile growth in the export to EU remained nominal against the estimated growth of 15 percent because of non-availability of gas, electricity and devaluation of dollar. The GSP plus granted to Pakistan is conditional on the ratification and implementation of 27 international conventions in the areas of human rights, labour standards, environment and good governance.
Adoption of these conventions will assist Pakistan in integrating into the cross-border supply chain, which will strengthen manufacturing activity and further promote its exports. Pakistan has ratified almost all the conventions. The most critical aspect of these conventions is that the EU through the unnamed third parties from civil society or non-government organisations will strictly monitor the compliance.
The overall exports growth in the first quarter remained at two to three percent as compared to estimated seven to eight percent, but in the case of textile sector, the overall growth in the first quarter remained in negative zone, Aneesul Haq, secretary of the All Pakistan Textile Mills Association (Aptma), said that Punjab-based textile industry was on the verge of collapse because of non-availability of gas, electricity. He said that the Punjab textile sector was exposed to the eight hours of electricity and five days of gas outages owing to which the industry in Punjab was encountering the mammoth loss of Rs80 billion per annum. The industry has to generate electricity on its own, which is too much costly, he added.
This has increased the cost of doing business manifold owing to which their products have become uncompetitive in the EU market despite the fact that Pakistan is enjoying GSP Plus status in the bloc of 27 countries of Europe.
Haq further said that the cost of doing business jacked up by 20 percent in the wake of energy crisis and depreciation of dollar in the country if compared with the cost of doing business of their competitions in the global market.
Textile sector needs availability of gas at least for five days a week and zero load shedding in electricity supply from independent feeders.
In quantity terms, there is some growth of 20 percent in value added textile products that mainly include knit wear, bed wears and readymade garments.
However, overall growth in textile sector is negative.
Pakistan’s textile exports are currently at $13 billion, 35 percent of which are for EU countries.
After the GSP plus facility, “we estimated to increase the textile exports to $14 billion, but it seems now a mission impossible,” said secretary Aptma.
To a question, he said that textile sector had projected to increase the textile exports to EU countries by two billion dollars till the limit of the GSP plus and one billion dollar in the first year of the facility.
“If the situation does not improve then there will be no increase in the capacity of textile sector to generate surplus export and at the end of the day, Pakistan will not be able to exploit the advantage of GSP+ status.”
Written By Views maker on September 11, 2013 | 9/11/2013
Unprecedented increase in cotton prices has forced
garment industry stakeholders in Tirupur, the knitwear hub of
the country, to adopt resolutions demanding suspension of
cotton and cotton yarn exports for three months among other
According to associations of stakeholders of Tirupur garment
sector, the high increase in the cotton yarn prices has
significantly affected the knitwear garment sector of Tirupur and
sustenance of stakeholders has become increasingly difficult as
A meeting of the stakeholders of the garment sector held on
Tuesday in Tirupur presided over by Dr A Sakthivel, president of
Tirupur Exporters Association, adopted several resolutions to
seek protection for the textile industry.
The meeting said as the cotton exports have already crossed
90 lakh bales. The cotton yarn exports touched 590 million kg
in the first five months. The cotton yarn advisory board has
estimated only 1000 million kg of cotton yarn exports for the
whole year. Moreover, 60% of cotton yarn exports are destined
for competing countries like China and Bangladesh ultimately
giving stiff competition to country's garment exports. The
meeting wanted both exports to be suspended for three months.
The other resolutions are that Cotton Corporation of India
should sell cotton only to actual users and not to the traders, a
request to the associations of mills to advice their members to
slash the cotton yarn prices by Rs 8 per kg to Rs 10 per kg and
roll back to the price level in last month and that the
associations do not have any objection to the farmers getting
right price for the cotton produced by them.
The meeting decided to send the resolutions to the Prime
Minister, and the union ministers handling finance, commerce,
textiles and agriculture. If the government does not concede to
their demands, the associations will meet and decide on the
next course of action. The conference also appealed to the
Central government to implement free trade agreement with EU
nations to increase exports from Tirupur.
Written By Views maker on September 21, 2012 | 9/21/2012
India will increase a garment import quota by three million pieces a year to eight million without a sourcing requirement being imposed on Sri Lanka, the island's industry ministry said citing a statement by a visiting Indian official.
Sri Lanka's ministry of industry quoted India's textile ministry secretary Kiran Dhingra as saying in Colombo when she led a textile industry delegation to the island on September 19.
Dhingra had said that from September 06, India has removed duty for HS code 61 and 62 apparels, the industries ministry statement said.
In 2011, Sri Lanka had exported 50 million dollars of garments, woven fabrics and other textiles to India, making it the 14 largest buyer.
Sri Lanka's industry minister Rishad Bathiudeen had invited Indian textile factories to invest in the island.
"We also look for support to strengthen textile supply chain such as raw material, yarn, for example," the minister was told the visiting Indian secretary.
"Though our apparel sector technology is strong, our textile sector is weak in this regard and we believe that India know-how can support technology transfer in this regard.
"More importantly we invite Indian investors to Sri Lanka for joint ventures and strategic alliances."
The statement quoted Dhingra as saying that a 500 acre industrial zone called 'India-Sri Lanka Concept Integrated Textile Cluster' with 350 million initial investment, could be started to supply Sri Lankan manufacturers.
India and Sri Lanka has a free trade agreement through which nationalist Sri Lankan producers have blocked 1,198 items being freely bought by citizens of the island through a so-called 'negative list'.
India has a negative list of only 196 items but there are some quota and non-tariff barriers that have prevented Indian citizens from freely accessing Sri Lankan products including apparel.
Especially after independence from British rule India and Sri Lanka descended into mutual poverty by blocking free trade among its citizens.