US profits hurt by cheap foreign polyester

Related Keywords: America, China, Imports, India, market, polyester, purchasing, Recycle, Repreve, Textiles, Unifi, US, yarn

United States
US profits hurt by cheap foreign polyester
Summary: 
A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India. Unifi, which recycles PET into REPREVE brand fiber, reported sales of $708.8 million during the 2019 fiscal year (the year that ended June 30, 2019). When adjusting for foreign currency

A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India.

Unifi, which recycles PET into REPREVE brand fiber, reported sales of $708.8 million during the 2019 fiscal year (the year that ended June 30, 2019). When adjusting for foreign currency translation impacts, that was up 7.6% over the prior year, according to a press release.

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AAFA to delay the tariff imposition

Related Keywords: AAFA, America, American Apparel and Footwear Association, China, footware apparel, Imports, tariff, US

United States
AAFA to delay the tariff imposition
Summary: 
The American Apparel and Footwear Association (AAFA) has said the US government’s decision to delay until December 15 the imposition of 10% tariffs on some imports from China will be of little help to its member companies or to US consumers. In its announcements about this, the government claimed to have removed some products from the tariff list altogether for reasons including national security, but also including health and safety. Nevertheless, AAFA pointed out, products such

The American Apparel and Footwear Association (AAFA) has said the US government’s decision to delay until December 15 the imposition of 10% tariffs on some imports from China will be of little help to its member companies or to US consumers.

In its announcements about this, the government claimed to have removed some products from the tariff list altogether for reasons including national security, but also including health and safety. Nevertheless, AAFA pointed out, products such as allergy-resistant bedding and protective footwear remain on the list.

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Readymade garment import India

Related Keywords: apparel, Bangladesh, China, exports, fabrics, fiber, Garments, Imports, manufacturing, readymade

India
Readymade garment import India
Summary: 
Apparel industrialists here expressed worry over the duty free import trade of ready made garments (RMG)from Bangladesh. China has taken undue advantage of the free trade and is selling goods to India, they said. Under the South Asian Free Trade Area (SAFTA) agreement, Bangladesh was allowed to export more than 60 products including RMG to India without any duty. The neighbouring country’s share in international RMG market is next only to China. Industrial sources

Apparel industrialists here expressed worry over the duty free import trade of ready made garments (RMG)from Bangladesh. China has taken undue advantage of the free trade and is selling goods to India, they said.

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Pakistan's move won't affect the textile sector

Related Keywords: cotton, Cotton Association of India, export, Imports, India, Pakistan, Textiles, yarn

India
Pakistan's move won't affect the textile sector
Summary: 
Pakistan’s move to stop import of products from India or of Indian origin is not expected to have much impact on the Indian textile industry, said Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council. Pakistan imports mainly yarn and cotton from India. However, in recent years, Indian exporters have slowed down their supply to Pakistan. Between April and June this year, $38 million worth of cotton yarn was

Pakistan’s move to stop import of products from India or of Indian origin is not expected to have much impact on the Indian textile industry, said Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council.

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Pressure on the cotton prices remains maintained

Related Keywords: China, clothing, consumption, cotton, Imports, market, Osaka, production, Textiles, United States

United States
Pressure on the cotton prices remains maintained
Summary: 
Even though the trade dispute between the United States and China has moved away from escalation and towards reconciliation since the G20 meeting in June in Osaka, the consequences of this already year-long exchange of blows between two big players in the international cotton industry are clearly noticeable in the market. There are widespread insecurities in completing contracts in the international

Even though the trade dispute between the United States and China has moved away from escalation and towards reconciliation since the G20 meeting in June in Osaka, the consequences of this already year-long exchange of blows between two big players in the international cotton industry are clearly noticeable in the market. There are widespread insecurities in completing contracts in the international cotton trade. “Uncertainty is the new normal,” summed up Bremen Cotton Exchange in its Cotton Telegram of 16th July 2019.

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Cotton crash looks set to deepen

Related Keywords: bales, China, cotton, exports, global, Imports, supply, traders, Unnited States, USDA

United States
Cotton crash looks set to deepen
Summary: 
Cotton is in the grips of the bears, and fresh U.S. supply forecasts coming this week will probably keep it there. Prices tumbled to a three-year low Tuesday amid the outlook for big supplies at a time when consumption growth is slowing and American exports are hurting. Hedge funds are holding their biggest-ever bet that

Cotton is in the grips of the bears, and fresh U.S. supply forecasts coming this week will probably keep it there.

Prices tumbled to a three-year low Tuesday amid the outlook for big supplies at a time when consumption growth is slowing and American exports are hurting. Hedge funds are holding their biggest-ever bet that the declines will continue. Meanwhile, traders and analysts expect that the U.S. Department of Agriculture will raise its outlook for domestic stockpiles, with the hoard forecast to reach a 12-year high.

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Indian government may impose anti-dumping duty on imports of nylon

Related Keywords: anti dumping, DGTR, duty, government, Imports, India, nylon, WTO, yarn

India
Indian government may impose anti-dumping duty on imports of nylon
Summary: 
The government may impose anti-dumping duty on imports of certain types of filament yarn from China, Korea, Taiwan and Thailand as the commerce ministry has started investigation into alleged dumping of the product following complaints from domestic players. The Directorate General of Trade Remedies (DGTR), under the commerce

The government may impose anti-dumping duty on imports of certain types of filament yarn from China, Korea, Taiwan and Thailand as the commerce ministry has started investigation into alleged dumping of the product following complaints from domestic players.

The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has initiated the probe as it has found "sufficient evidence" of dumping of nylon multi-filament yarn from these countries.

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U.S antidumping duty determinations on imports of polyester textured yarn from China and India

Related Keywords: China, export, fiber, HTSUS, Imports, India, polyester, Reliance Industries Limited, synthetic, United States, yarn

United States
US. antidumping duty determinations on imports of polyester textured yarn from C
Summary: 
On June 26, 2019, the U.S. Department of Commerce (“Commerce Department”) announced affirmative preliminary determinations that imports of polyester textured yarn from China and India are being unfairly sold below their fair value in the United States

On June 26, 2019, the U.S. Department of Commerce (“Commerce Department”) announced affirmative preliminary determinations that imports of polyester textured yarn from China and India are being unfairly sold below their fair value in the United States at significant double-digit margins, as follows.

Polyester Textured Yarn Imports from China
Producer/Exporter Preliminary Dumping Rate (%)
Fujian Billion Polymerization Fiber Industrial Co Ltd. 77.15
Suzhou Shenghong Fiber Co., Ltd. 77.15
Jiangsu Hengli Chemical Fiber Co., Ltd. 76.07
PRC-Wide Entity / All Others 77.15

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China's textile, garment exports rise 2.8 percent in May

Related Keywords: China, dollars, export, Garments, Imports, MIIT, Textiles

China
China's textile, garment exports rise 2.8 percent in May
Summary: 
China's export of textiles and garments rose 2.8 percent year-on-year to 23.8 billion U.S. dollars in May, according to China's Ministry of Industry and Information Technology (MIIT). In breakdown, the country's export of textiles stood at 11.6 billion U.S. dollars, up 3.9 percent from the same period last year, while garments rose 1.7 percent to 12.2 billion U.S. dollars, the ministry said, citing data from the General

China's export of textiles and garments rose 2.8 percent year-on-year to 23.8 billion U.S. dollars in May, according to China's Ministry of Industry and Information Technology (MIIT).

In breakdown, the country's export of textiles stood at 11.6 billion U.S. dollars, up 3.9 percent from the same period last year, while garments rose 1.7 percent to 12.2 billion U.S. dollars, the ministry said, citing data from the General Administration of Customs.

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Apparel Export Promotion Council sets up a buyer-seller meet in Spain

Related Keywords: apparel, buyer, exports, Garments, Imports, India, seller, Spain, Textiles

India
Apparel Export Promotion Council sets up a buyer-seller meet in Spain
Summary: 
The Apparel Export Promotion Council (AEPC) will hold its annual buyer-seller meet in Madrid, Spain, on October 9 and 10 hoping to raise apparel exports from India to that country. "We have been receiving good responses

The Apparel Export Promotion Council (AEPC) will hold its annual buyer-seller meet in Madrid, Spain, on October 9 and 10 hoping to raise apparel exports from India to that country.

"We have been receiving good responses to the buyer-seller meets, which we have been organizing in Spain since 2008,” AEPC deputy director C Eswarasundar said in a statement.

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