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Related Keywords: China, cotton, exports, fabrics, fibres, Imports, production, research, trade, yarn

India Ratings and Research (Fitch Group) has published the August 2019 edition of its credit news digest on India’s textile sector. The report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres, yarns, fabric with a focus on commodity prices, imports/exports, production and recent rating actions.

Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices. The agency expects the prices to fall further as global production is likely to be higher than demand growth.

Related Keywords: export, fabrics, Imports, Indonesia’s Trade Ministry, synthetic, Textile, yarns

Indonesia’s Trade Ministry will tighten restrictions on textile imports in an effort to protect local industries, an official told reporters on Friday.

The ministry will require all textile importers to gain approval from the government before they can ship in textile goods, foreign trade director general Indrasari Wisnu Wardhana said.

The revision to regulations is targeted to be issued before President Joko Widodo, who takes office for the second term on Oct. 20, appoints new cabinet ministers, he said.

Related Keywords: America, China, Imports, India, market, polyester, purchasing, Recycle, Repreve, Textiles, Unifi, US, yarn

A major U.S. consumer of RPET enjoyed higher sales figures but suffered significantly lower net income last fiscal year. One reason was cheap polyester imports from China and India.

Unifi, which recycles PET into REPREVE brand fiber, reported sales of $708.8 million during the 2019 fiscal year (the year that ended June 30, 2019). When adjusting for foreign currency translation impacts, that was up 7.6% over the prior year, according to a press release.

Related Keywords: AAFA, America, American Apparel and Footwear Association, China, footware apparel, Imports, tariff, US

The American Apparel and Footwear Association (AAFA) has said the US government’s decision to delay until December 15 the imposition of 10% tariffs on some imports from China will be of little help to its member companies or to US consumers.

In its announcements about this, the government claimed to have removed some products from the tariff list altogether for reasons including national security, but also including health and safety. Nevertheless, AAFA pointed out, products such as allergy-resistant bedding and protective footwear remain on the list.

Related Keywords: apparel, Bangladesh, China, exports, fabrics, fiber, Garments, Imports, manufacturing, readymade

Apparel industrialists here expressed worry over the duty free import trade of ready made garments (RMG)from Bangladesh. China has taken undue advantage of the free trade and is selling goods to India, they said.

Related Keywords: cotton, Cotton Association of India, export, Imports, India, Pakistan, Textiles, yarn

Pakistan’s move to stop import of products from India or of Indian origin is not expected to have much impact on the Indian textile industry, said Siddhartha Rajagopal, executive director of the Cotton Textiles Export Promotion Council.

Related Keywords: China, clothing, consumption, cotton, Imports, market, Osaka, production, Textiles, United States

Even though the trade dispute between the United States and China has moved away from escalation and towards reconciliation since the G20 meeting in June in Osaka, the consequences of this already year-long exchange of blows between two big players in the international cotton industry are clearly noticeable in the market. There are widespread insecurities in completing contracts in the international cotton trade. “Uncertainty is the new normal,” summed up Bremen Cotton Exchange in its Cotton Telegram of 16th July 2019.

Related Keywords: bales, China, cotton, exports, global, Imports, supply, traders, Unnited States, USDA

Cotton is in the grips of the bears, and fresh U.S. supply forecasts coming this week will probably keep it there.

Prices tumbled to a three-year low Tuesday amid the outlook for big supplies at a time when consumption growth is slowing and American exports are hurting. Hedge funds are holding their biggest-ever bet that the declines will continue. Meanwhile, traders and analysts expect that the U.S. Department of Agriculture will raise its outlook for domestic stockpiles, with the hoard forecast to reach a 12-year high.

Related Keywords: anti dumping, DGTR, duty, government, Imports, India, nylon, WTO, yarn

The government may impose anti-dumping duty on imports of certain types of filament yarn from China, Korea, Taiwan and Thailand as the commerce ministry has started investigation into alleged dumping of the product following complaints from domestic players.

The Directorate General of Trade Remedies (DGTR), under the commerce ministry, has initiated the probe as it has found "sufficient evidence" of dumping of nylon multi-filament yarn from these countries.

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