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Related Keywords: better price realisation by farmers, by seven percent, consumption by textile mills, during the current year, forecast to recover by 2 percent, International cotton advisory committee, likely to see increase in area under cotton, Normal monsoon forecast

A ‘normal’ monsoon forecast and better price realisation by farmers during the current year likely to see increase in area under cotton by 7 percent during the 2017-18 season, according to the International Cotton Advisory Committee.

Also consumption by textile mills is forecast to recover by 2% due to competitive prices for cotton yarn products, capacity expansion, and the resolution of adverse impact caused by demonetisation.

Related Keywords: Cotton market, cotton prices expected to increase, cotton prices firm, increase cotton demand, KCA, leading mills, Moderate trading activity witnessed, nine thousand bales changed hands, purchased cotton of all qualities, Spinners, spot rate remain intact, trading session

Moderate trading activity witnessed at the cotton market, as more than 9,000 bales changed hands. Dealers said that the leading mills and spinners purchased cotton of all qualities during the trading session.

The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,700 per maund. While, the physical market prices remained between Rs 6,350 per maund and Rs 6,600 per maund.

The mills bought quality cotton on slightly higher rates while spinners of Sindh strengthened their long positions.

Related Keywords: Ministry of Agriculture and Farmers’ Welfare, nor a plant product, PQ fee on raw cotton imports, PQ fee on raw cotton is unjustifiable, raw cotton can neither be classified a plant, recent gazette notification, regulation of Import into India, revising in the Plant Quarantine, shock waves among textile industrialists

The Ministry of Agriculture and Farmers’ Welfare in its recent gazette notification stated revising in the Plant Quarantine (Regulation of Import into India) fee on raw cotton imports.

The PQ inspection fee has been revised from Rs.2,500 for the first tonne of the consignment to Rs. 3,500, and from Rs. 75 to a whopping Rs. 2,000 for each additional tonne. PQ supervision charges also have been revised to Rs1,500 per consignment from Rs.1,000.

Related Keywords: china’s yarn import from India, cotton yarn export, cotton yarn import, India’s yarn export, yarn export, yarn export from india, yarn export to bangladesh, yarn export to Brazil, yarn export to Dominican Republic, yarn export to Pakistan, yarn export value, yarn export volume, yarn import from Bangladesh, yarn import from Pakistan, yarn import value, yarn import volume

India’s spun yarn exports in March 2017 declined 47.6 per cent in volume terms and fell 39.3 per cent in value terms. Spun yarn (all kinds) shipments were at 64.55 million kg worth US$198.6 million, implying per unit realization of US$3.08 per kg which rose US cents 13 from previous month and were up US cents 42 as compared to March 2016.

Related Keywords: due to surge in cost of production, fluctuations in cotton prices, hit hard, increasing competition, international players, lack of clarity on GST has also hurt business in the region, made trade difficult for textile mills, poor quality cotton in the region, Regional textile industries, Textile mills hesitating to build up stock

Regional textile industries hit hard due to surge in the cost of production and increasing competition from international players. Fluctuations in cotton prices and poor quality cotton in the region have also made trade difficult for textile mills. Industry experts said despite a drop in cotton prices, textile mills don't benefit.

According to Suresh Maheshwari, owner of a textile mill, the textile market is in a depressive state. They are not competitive at an international level because countries like Bangladesh, Vietnam and Pakistan offer garments at cheaper rates.

Related Keywords: acquiring remaining twenty five percent shareholding of Trevira, become a wholly owned subsidiary of IVL, consolidated ownership, IVL, joint venture partner Sinterama Spa, leading European fiber manufacturer, Thailand based Indorama Ventures PCL Group

Thailand-based Indorama Ventures PCL Group (IVL) has consolidated its ownership by acquiring the remaining 25-percent shareholding of Trevira from its earlier joint venture partner Sinterama S.p.A. with this Trevira GmbH, a leading European fiber manufacturer has become a wholly owned subsidiary of IVL.

Trevira with its renowned brand is an integral part within their specialty portfolio strategy, explains Uday Gill, CEO of IVL’s Fibres Business. They see further growth potential especially in the hygiene and automotive segments, as well as in the high-end home textiles business.

Related Keywords: currently in talks with, global distressed assets, jacket suiting materials, known for its tweed, manufacturing facility in Amritsar in Punjab, OCM India Pvt. Ltd, sell its entire stake in textile maker, Shandong Ruyi Group, special situations investor, textile manufacturer and forayed into worsted fabric, WL Ross and Co. Llc

WL Ross and Co. Llc, global distressed assets and special situations investor are currently in talks with Chiina’s Shandong Ruyi group to sell its entire stake in textile maker OCM India Pvt. Ltd. The talks are at the term-sheet stage. If they prove to be conclusive, the deal is likely to be finalized in the coming weeks. The size of the transaction was not immediately known.

Related Keywords: an Union import tariff, EU Ambassador to Sri Lanka, EU denied the facility to Sri Lanka, failure to implement international conventions, GSP plus, lack of progress, meeting criteria in some areas of focus, tariff lines covering textile to fisheries, Tung-Lai Margue, with effect from nineteenth May

Sri Lanka will start enjoying the European Union import tariff GSP plus despite lack of progress in meeting criteria in some areas of focus, with effect from May 19, said EU Ambassador to Sri Lanka Tung-Lai Margue.

The EU had denied the facility to Sri Lanka in 2010 due to the country’s failure to implement 27 international conventions on human rights, labour conditions, protection of environment and good governance.

In China, FDY70D/24F SD prices fell US cents 7 a kg in the first week of May, while FDY40D fell US cents 11 a kg on the week. DTY 70D/24F prices declined US cents 7 a kg and 30D/10F fell US cents 7 a kg on the week.

Monofilament 30D prices rebounded US cents 22 a kg while nylon staple fiber 1.5D prices were down US cents 7 a kg during the week.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

Asian markers for caprolactum, the SE and FE declined US$100 a ton in the first week of May while high‐end contract price for April remained unsettled. In China, spot liquid caprolactum offers softened US$100 a ton while solid goods were down US$85 a ton on the week.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices