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Related Keywords: across all African regions, boost manufacturing output, Chinese and African business leaders meeting, focus on getting Chinenes investors, Forum on China-Africa Cooperation, key economic sectors of textile, New phase of China Africa cooperation, provide financial support and investments, self-sufficient in local production

The new phase of the China-Africa cooperation will now focus more closely on getting Chinese investors to provide financial support and investments across all African regions. They will focus on strengthening their cooperation to boost manufacturing output in key economic sectors of textile, electronics and car assemblies, a top Chinese official said last week.

Related Keywords: below MSP, cotton farmers better realisation, current cotton season, Direct payment deficiency system, Hinganghat in Wardha district of Maharashtra, Indian government, International Cotton Advisory Committee Plenary Meeting, launch the pilot of DPDS, market rate rules, theme From Farm to Fabrice

The Centre is planning to launch the pilot of Direct Payment Deficiency System (DPDS) during the current cotton season at Hinganghat in Wardha district of Maharashtra to help the cotton farmers have better realisation of their produce when market rate rules below the minimum support price (MSP). If the pilot is successful, the DPDS will be rolled out in all cotton-growing regions.

Under this system, the farmers will directly get the difference amount between the MSP and market price, if it (the latter) is ruling below the MSP, said the Textile Commissioner of India Kavita Gupta.

Related Keywords: adapting to new normal, biggest markets the United, China imports textile and apparel products, Chinese textile and apparel industry, losing competitive edge in mass production, number one contributor to China’s foreign trade, production and labor cost, reality of slower growth rates, rising dramatically, Textile Industry Chamber of Commerce

With China’s production and labor costs in the textile and apparel industry rising dramatically and exceed those in of many other Southeast Asian countries, including Malaysia, the Philippines, Indonesia and Vietnam is the cause of China losing the competitive edge in mass production. China is changing its strategy by adapting to ‘new normal’.

In India, yarn prices have been mostly weaker in the last week of November, depending on products and market locations. PC yarn prices declined INR2 or 1.5 per cent in Ludhiana market on the week.

In India, 30s (65/35) PV yarn prices remained flat on the week at US$2.11 a kg, down US cent 1 (due to weak INR) in Indore market.

However, in Ludhiana, PC 30s (52/48) prices fell US cents 4 a kg on the week.

In China, PC yarn prices did not move on the week but there was some demand for PC yarn and low-count open end yarn from low-end fabric makers.

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

In China, mainstream prices of 40s compact siro-spun yarn in Jiangsu fell US cents 9 a kg in the last week of November while 30s spun viscose in Xiaoshan edged down US cent 1 a kg.

Viscose spun yarn prices softened in China on lower cost. Cashmere-like yarn, which was salable in the third week, faced poor liquidity given widespread shutdowns of downstream printing and dyeing mills.

Prices for Xiaoshan-origin ring-spun 30s yarn fell, while offers for rotor-spun 30s yarn were flat on the week.

Related Keywords: rayon prices, spun yarn prices, Viscose price, viscose price in china, viscose price in india, viscose price in Pakistan, viscose staple fibre price

Related Keywords: floods in Chennai, India’s man-made-fabric textile industry, leather garment export houses in Chennai, textile demand in Northern India, textile demand in Southern India, textile factories in Chennai, textile trade in Chennai, torrential rains in Chennai

Crippling floods in Chennai due to torrential rains is affecting textile trade in the city as most of the factories are shut and not sure when will it get back to start regular production.

Though Chennai is a big automobile manufacturing and IT hub, it also has more than 500 apparel, leather garment export houses, buying houses and big firms related to textile business.

Related Keywords: all types of raw jute, Bangladesh textiles and jute ministry, bring new investment, create jobs, implementing mandatory jute packaging law, indefinite period, issued ban on raw jute exports, meet country additional demand, Millers both public and private, welcomed the move

The Bangladesh textiles and jute ministry yesterday issued an order which states that all types of raw jute for an indefinite period has been banned to meet the country’s additional demand for jute in implementing the mandatory jute packaging law. Millers, both public and private, have welcomed the latest move taken by the government, saying it would bring new investment and create jobs.

Related Keywords: about eighteen percent, compared with previous fiscal year, Cotton Advisory Board, Cotton exports from India, Cotton year, decline in Indian exports, from October to September, likely to see increase, raw cotton exported, Santosh Gangwar, substantial reduction in import by China, Union Textile Minister

Union Textile Minister Santosh Gangwar in his written reply in the Lok Sabha, citing estimates of the Cotton Advisory Board stated that the exports from India for 2015-16 are likely to see increase by about 18 per cent compared with the previous fiscal year.

The minister further added that during the cotton year of 2014-15 (from October 1, 2014 to September 30, 2015), 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year of 2013-14.

The decline in exports was mainly due to substantial reduction in import by China, Gangwar said.

Related Keywords: China willing for 10 percent only, exclusion of twenty20 percent of total products from the concession, outcome not satisfactory ti Pakistan, Pakistan's major exports to China are cotton yarn / fabric, reference to protecting its own industry, Second Phase of China-Pakistan FTA

The second phase of China-Pakistan Free Trade Agreement (CPFTA) negotiation round was recently held in Beijing between Pakistan and China but the outcome was not satisfactory to Pakistan especially with reference to protecting its own industry.

Pakistan and China have reportedly failed to finalize the second phase of Free Trade Agreement (FTA) due to differences on exclusion of a specific percentage of products from the list of items which will enjoy concessions; this was revealed by well informed sources.

Related Keywords: boost exports in textile and clothing sector, engaged in formulating new strategies, largest employment provider, make more attractive for exporters, outbound shipment of clothing and textile, reduce dependence on developed countries, renew focus on segment doing well, tap markets with immense potential, Textile and Commerce ministries

The textile and the commerce ministries both are engaged in formulating new strategies to boost exports in the textile and clothing sector as it is the largest employment provider after agriculture, accounting for some 45 million jobs. The government is also likely to renew focus on some of the segments that are already doing relatively well so that India’s dominance is further entrenched in those areas, according to official sources.