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Related Keywords: China, CITI, Confederation of Indian Textile Industry, cotton, export, fibre, government, Industry, tax, yarn

The export of cotton yarn has dropped 35% in the first quarter of FY20 to $696 million compared to $1.063 billion in the same period last fiscal.

Quoting government sources, the Confederation of Indian Textile Industry (CITI) said that in April the fall was 21% to $266 million compared to $337 million in the same month previous year. May saw a decline of 31% to $241 million against $349 million in May 2018 and June saw a whopping decline of 50% to $188 million compared to $378 million reported in June previous year.

Related Keywords: apparel, Bangladesh, BGMEA, Business, export, garment, growth, manufacturing, Shipments

Prices of garment items exported from Bangladesh dipped by 1.61 percent over the last four years, a reflection of the pressure international clothing retailers and brands always put on the garment manufacturers for lowering prices.

If the period between fiscal 2015-16 and 2018-19 are taken into consideration, price per unit of garment items increased only last year by 1.42 percent, according to data from Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Related Keywords: association, bales, cotton, crop, export, import, Pakistan, POMA, prices, Sales, seed

Cotton prices were stable on the market on Saturday amidst modest trading. The Karachi Cotton Association kept its spot rate unchanged at Rs8,200.

Cotton experts said a steady trend prevailed in the market as the cotton arrival which is improving with each passing day.

They said the quality of cotton from Sindh is attractive for mill owners. Phutti (seed cotton) from Sindh is priced higher by Rs100 and ranged Rs3,600-4,225 while Punjab variety is pegged at Rs3,550-4,150.

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

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

Related Keywords: China, Commodity Exchange, cotton, exchange, export, future, import, overseas traders, PTA, statistics, Textile, trading

China's Zhengzhou Commodity Exchange said it will promote the introduction of qualified overseas traders in the trading of cotton futures.

The exchange listed the goal in a recently-issued white paper on cotton futures.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on the exchange in June 2004 to help cotton-related enterprises hedge the price risk. Since 2004, a daily average of 144,000 lots (5 tonnes per lot) have been traded.

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

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.

Related Keywords: bales, China, cotton, export, fiber, import, tariff, Textiles, trade war, United States

The China Cotton Association will submit an application on behalf of its members for a waiver on import duties on uncombed cotton from the United States, according to a statement on its website on Thursday.

The Ministry of Finance posted a list of goods, including cotton that has not been carded or combed, at the end of May that could be eligible for waivers on tariffs that China imposed in July on U.S. goods as part of the China-U.S. trade war.

Waiver applications need to be submitted by July 5.

Related Keywords: China, cotton, export, fiber, Imports, Mexico, prices, United States

Cotton prices settled higher on Monday as the United States and Mexico, a major importer of US supplies, averted a trade dispute, while investors remained cautious ahead of a crucial monthly crop supply and demand report. Cotton contracts for July settled up 0.4 cent, or 0.61%, at 65.99 cents per lb. It traded within a range of 64.85 and 66.5 cents a lb. The front month contract snapped four straight sessions of losses, after shedding almost 3.7% last week.

Related Keywords: apparel, China, clothing, export, import, manufacturing, production, tariff, trade, United States, war

By now you may have heard that increasing tariffs on imports from China may impact the cost of everything from sneakers to patio furniture by up to 25%.

But in many categories, it’s still unclear how that increased cost could impact the end consumer: that’s you, who’s trying to buy a shoe or a lawn chair.

Direct-to-consumer apparel company Everlane showed the New York Times how much prices for its popular products could change once new tariffs are included in production costs.

Related Keywords: export, Garments, growth, Industry, manufacturing, Textile, turnover, Vietnam, Vietnam Textile and Apparel Association

Vietnam has gained nearly USD12.1 billion from exporting garments and textiles in the first five months of this year, posting a year-on-year increase of 10.3 percent.

Revenues of the country's garments and textiles exported to the Association of Southeast Asian Nations (ASEAN) soared 31.6 percent, to South Korea up 16.3 percent, to the United States up 9.8 percent, and to Japan up 6.5 percent.

In May alone, the garment and textile export turnovers reached USD2.6 billion, gaining a year-on-year increase of 10.8 percent.