Tirupur Exporters Association suggests textile mills to save the knitwear garment export sector as cotton yarn price increases

Related Keywords: cotton corporation of India, cotton yarn price, garmenting, knitting, knitwear export sector, Textile Industry, Textile mills, weaving, yarn prices

Coimbatore
Summary: 
The TEA President said he had already met Union Textiles Minister Smriti Irani over the issue, with a request to mandate that Cotton Corporation of India ensure availability of enough quantity with desired quality to protect the interests of farmers, the textile industry and also to generate employment. He said that, the impact of the price increase has made textile mills increase yarn prices which ultimately affect downstream value added sectors like weaving, knitting, garmenting and made ups, particularly value added exporters, as they could not hike the price, fixed more than three to five months back.

The TEA President said he had already met Union Textiles Minister Smriti Irani over the issue, with a request to mandate that Cotton Corporation of India ensure availability of enough quantity with desired quality to protect the interests of farmers, the textile industry and also to generate employment.

https://www.thehindubusinessline.com/news/national/tea-urges-textile-mills-to-save-knitwear-garment-export-sector/article24301273.ece
0

Production of fabrics cut to half over yarn prices

Related Keywords: 1 lakh power loom machines, crude oil prices, Federation of Indian Art Silk Weaving Industry, power loom units, power loom weavers, production of grey or unfinished fabrics, yarn prices, yarn spinners

Surat
Summary: 
Yarn spinners have gone on a spree to increase yarn prices post-Goods and Service Tax (GST), regardless of power loom industry leaders filing a complaint for artificial price hike with the anti-profiteering screening committee. The production of grey or unfinished fabrics has seen a remarkable decline from 4 crore metre per day to less than 2 crore metre per day.

Yarn spinners have gone on a spree to increase yarn prices post-Goods and Service Tax (GST), regardless of power loom industry leaders filing a complaint for artificial price hike with the anti-profiteering screening committee. The production of grey or unfinished fabrics has seen a remarkable decline from 4 crore metre per day to less than 2 crore metre per day.

https://timesofindia.indiatimes.com/city/surat/fabric-production-slashed-to-half-over-high-yarn-prices/articleshow/64799428.cms
0

Yarn prices up by 10%

Related Keywords: 40-count of cotton yarn, bales of cotton, China, cotton yarn, raising tariffs on import from the US, Shankar-6 variety of cotton, spinning sector, yarn maker, yarn prices

Mumbai
Summary: 
After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

After raising tariffs on import from the US, China has contracted to import 500,000 bales (one bale = 170 kg) of cotton from India and the new orders are in addition to the regular ones. Against its consumption of 45 mn bales China produces nearly 32 million bales of cotton annually. India exported nearly a million bales to China last year. As a result, our overall cotton export is likely to rise 21 per cent to seven million bales for the cotton year ending this September, from 5.8 mn bales the previous year.

https://www.business-standard.com/article/markets/cotton-blooms-as-us-triggered-trade-war-intensifies-yarn-prices-up-10-118061900535_1.html
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Rising cotton price worries yarn makers

Related Keywords: China imports, China was importing cotton, cotton, higher cotton prices, main consumer of cotton, raw material, Shankar 6, South India Spinners’ Association, Textile Industry, Textile mills, textile value chain, yarn prices

Coimbatore
Summary: 
According to industry sources cotton stocks with small and medium-scale mills would be low. Internationally, China was said to be importing large quantities. Those who were buying for daily needs might be affected.

According to industry sources cotton stocks with small and medium-scale mills would be low. Internationally, China was said to be importing large quantities. Those who were buying for daily needs might be affected.

The mills that had covered cotton at the beginning of the season would benefit now. The mills fear that as the season comes to an end, the prices might go up further. Since cotton is the main raw material, the entire textile value chain will be affected.

http://www.thehindu.com/todays-paper/tp-business/cotton-price-rise-has-textile-sector-worried/article24125939.ece
0

India manages to remain as the world's second largest textiles and clothing exporter

Related Keywords: cotton prices remaining stable and ruling at lower levels compared to the international market, fabric, global cotton yarn trade during 2015, handloom, hosiery yarn, increased fabric demand, largest textiles and clothing exporter, made-ups, Merchandise Exports from India Scheme, moving yarn counts, open-end yarn, Prices of Shankar 6, raw cotton, Southern India Mill’s Association, surplus spinning capacity, Vietnam cotton yarn, yarn imports, yarn market, yarn prices, yarn used for weaving

Coimbatore
Summary: 
Prices of Shankar 6, the popular cotton variety used by mills, are ruling at around Rs 43,000 per candy (a candy is about 355 kgs). The landed cost for imported cotton of a similar variety works out to Rs 48,000-50,000 per candy. Especially in the export market, cotton prices are ruling lower than the international market giving mills the much needed momentum.

Prices of Shankar 6, the popular cotton variety used by mills, are ruling at around Rs 43,000 per candy (a candy is about 355 kgs). The landed cost for imported cotton of a similar variety works out to Rs 48,000-50,000 per candy. Especially in the export market, cotton prices are ruling lower than the international market giving mills the much needed momentum.

0

Blended yarn prices remain range-bound in Asia

In China, offers for PC yarn were stable in the first week of February while that of PV yarn were firm during the week.

In India, PC yarn offers were assessed unchanged during the week while PV yarn prices also remained range-bound despite rising polyester fibre cost. 30s (65/35) PV warp yarns prices were stable while PC 30s (52/48) prices were up INR1 a kg in Ludhiana.

In Pakistan, poly-cotton prices rolled over on the back of strong prices in raw material market while poly-viscose prices were steady during the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Blended yarn price edges down in India, up in Pakistan

In India, PV yarn offers declined in the first week of December while PC yarn prices also edged down. 30s (65/35) PV warp yarns prices fell INR1 a kg while PC 30s (52/48) prices were down INR2 a kg Ludhiana that week.

In Pakistan, poly-cotton prices inched up while poly-viscose prices were stable during the week. Prices increase was limited due to slow domestic and international demand. PC yarn prices were up PakRe1 per pound on the Faisalabad market and 30s were stable on the week. PV 30s yarn prices rolled over during the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Blended yarn prices rise in China, stable in India

In China, PC (65/35) 32s yarn prices inched up in the third week of September, while 45s PC combed yarn prices rose US cents 5 a kg on the week. PV 32s were also up US cents 4 a kg. PC yarn prices in China slightly moved up during the week while PV yarn prices were also assessed higher. However, prices could not rise much in US$ terms as the local currency was weak while US$ was stronger this week.

In India, PC yarn prices declined for about 5.6% in the last 5 weeks while PV yarn prices also fell on the week.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Blended yarn becomes cheaper in India, China

In China, PC (65/35) 32s yarn prices rose US cents 4 a kg in the first week of September in Zhejiang, while 45s PC combed yarn prices were up US cents 5 a kg. Also, PV 32s yarn price was up US cents 5 a kg on the week). PC yarn market was supported by a rise in polyester staple fibre and cotton fibre cost recently.

In India, PC yarn market declined amid weak cotton fibre market while PV yarn market also softened during the week. 30s (65/35) PV warp yarns prices fell INR2 a kg (down US cents 4 a kg) while PC 30s (52/48) prices were down INR2 a kg (down US cents 4) in Ludhiana.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

Blended yarn prices steady in Asia

In China, PC (65/35) 32s yarn prices were flat in Zhejiang in the last week of June, while 45s PC combed yarn prices were stable on the week. PV 32s were up US cents 2 a kg due to weak US$.

Blended yarn prices mostly rolled over across markets in China, India and Pakistan with fibre prices at firm levels and cotton making some upward move. In China, PV and PC yarn prices were stable in Yuan terms but rose in US$ terms, making export a bit uncompetitive.

Related Keywords: pc yarn prices, Polyester prices, prices, psf prices, pv yarn prices, rayon prices, yarn prices

 
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