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US-China trade war to create opportunity for textile sector

Related Keywords: China, clothes, Garments, India, Textile, United States

The USA has hiked additional tariff to 25% on US$ 200 billion imports from China, which is an opportunity for the Indian textiles industry, said CITI chairman Sanjay K Jain.

He stated that due to the ongoing trade war between the United States of America (USA) and China, the USA has hiked additional tariff to 25% on US$ 200 billion imports from China, applicable from 10th May 2019.

He further stated that the additional tariff hike covers Textile Chapters: 50-60.

Polyester film demand expected to grow in India by 10% in next 5 years

Related Keywords: BOPET, chemicals, China, forcast, India, PET, photovoltaic, polyester, polyethylene terephthalate

Global demand for polyester film, known as BOPET film, would grow at 5.6 percent in the next five years driven by electrical and electronics sector, high-end display screens (OLED) and photovoltic cells.

The demand for polyester film, used in packaging, electronics and other industries, is expected to grow by 10 percent in India in the next five years, according to a report.

International cotton prices slipped by over 16 per cent over the past month

Related Keywords: bales, China, cotton, export, import, India, trade, United States, USDA

Having inked contracts at much higher rates earlier, importers here are staring at a loss.

The continued stand-off between the US and China over trade tariffs has created uncertainty in the Indian cotton market. After international cotton prices slipped by over 16 per cent over the past month, Indian cotton importers are staring at a loss and are looking to rework import contracts.

U.S. polyester textured yarn imports

Related Keywords: apparels, China, clothes, customs, exports, fabrics, fiber, government, Imports, India, polyester, polymerization, United States, yarns

WASHINGTON, April 29, 2019: On April 29, 2019, the U.S. Department of Commerce ("Commerce Department") announced affirmative preliminary determinations that producers and exporters of imports of polyester textured yarn from China and India are being unfairly subsidized by their respective governments at double- and triple-digit margins, as follows.

Polyester Textured Yarn Imports from China

Producer/Exporter

Preliminary
Subsidy Rate (%)

Fujian Billion Polymerization Fiber Industrial Co Ltd.

32.04

Jiangsu Shenghong Textile Imp & Exp Co.

459.98

Offshore apparel manufacturing may move back home as automation takes over

Related Keywords: apparel, apparel manufacturing, Bangladesh, China, export, fabric, garment, import, jeans, labour, manufacturing, production, sewing, supply chain, Textile, tshirt, workers

Offshoring of apparel manufacturing has been a blessing for many developing countries. The readymade garments (RMG) industry, employer of 4 million workers, mostly rural women, contributes more than 80 percent to Bangladesh's export revenue. Low-cost labour has been the primary reason for western retailers to wait for months to get a shipment from offshore destinations. Once technology becomes a cheaper alternative to the least costly manufacturing labour, will apparel manufacturing complete the journey in returning home?

A new printing technique developed by researchers

Related Keywords: 3D printing, China, e-textiles, fibers, nanotube, New York, Phoenix, printing, research, San Francisco, technology

One of the ways researchers are making wearable technology less bogged down by electronic equipment and more user-friendly is by developing fabrics with electrical capability built in.

A research team led by Yingying Zhang, a professor in the Department of Chemistry at Tsinghua University in China, has made progress in this area with the development of a one-step 3D-printing technique that prints flexible electronic fibers onto fabrics and textiles.

China s buying is currently hampered with the 25% tariff

Related Keywords: bales, China, cotton, deal, merchant, Plains Cotton Growers, tariff, Textile, trade, United States

China has started showing interest in buying United States cotton, based on discussions during the April 12 meeting of the Plains Cotton Growers (PCG) Advisory Group.

There have been positive signals regarding movement of U.S. cotton to China in anticipation of a trade deal between China and the United States.
“Demand for cotton is there,” stated one merchant at the meeting.

Indian export of cotton textiles to China on the rise

Related Keywords: apparels, China, cotton, Cotton Association of India, export, Imports, India, Textile, Textile production

Export of cotton textiles from the country to China rose over 68 per cent to hit $1.55 billion between April and February during the 2018-19 financial year, according to data available with the Cotton Textile Export Promotion Council.

India’s cotton textile exports to major consuming countries got a boost with the recent government move to reimburse all state and central levies on such shipments.

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

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.

High demand for cotton has soared happiness of Saurashtra farmers

Related Keywords: around Rs 400 per quintal, China, cotton shipments, demand for cotton, domestic as well as international market, gone up considerably, High demand for cotton, last one week, Pakistan, pushing price of cotton, Saurashtra hub of cotton farming, Shankar-6 variety, soared happiness of cotton farmers, Vietnam and Indonesia, widely grown in Gujarat

High demand for cotton in the domestic as well as international market has soared the happiness of cotton farmers of Saurashtra,the hub of cotton farming. Demand for cotton in Pakistan, China, Vietnam and Indonesia has gone up considerably, pushing the price of cotton by around Rs 400 per quintal in the last one week.

Against the MSP plus bonus price of Rs 954, cotton farmers are now getting Rs 1,100 per cotton bale in the market yards with commitments of around four lakh bales being placed.

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