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Rising price of linen is creating trouble for many exporter in the last one-and-a-half months, especially small and medium level ones who use linen as their main fabric. An exporter engaging in business of just Rs 4 crore claims to have suffered a loss of Rs 4 lakhs due to this hike, which comes out to be Rs 30 per metre.
Due to higher demand and less supply prices has gone up by almost Rs 200 per kg. Even big mills are now importing fibre on current price and have increased the price gradually. The rise in linen prices have made exports of products more challenging by making Indian exporters uncompetitive against competing exporting nations. Though experts feel there is some constancy now in prices which are predictable to remain the same till the end of 2018. Since the hike is happening after many years, the market is taking time to adjust to the change.
India’s cotton output for 2017-18 is estimated at about seven per cent higher than the previous year’s output. The season may end with exports of 70 lakh bales. Higher international prices would drive up shipments. Production of Indian cotton crop for the cotton season 2017-18 is estimated to be 8.11 per cent higher from the previous year owing to the increase in area under cotton cultivation by almost 13 per cent.
Production estimates were lower in the beginning of the season as the board expected damage to the crop from bollworm attack. Pink bollworm attacked cotton crops in Maharashtra, Telangana and Andhra Pradesh. The pest attacks not only destroyed large amounts of crop but also impacted the quality of the remainder produce.
The high prices of cotton domestically and internationally would further force the consumption to either remain stagnant or slightly at the lower side. So consumption figures may not exceed beyond 316 lakh bales. The closing stock will be quite sufficient for the textile sector to smoothly run their units throughout the year.
Farmers will be encouraged to adopt global practices such as adequate spacing between plantations, avoiding bushiness etc., which will promote cotton production and improve farmers’ income.
Prices of polyester filament yarn in China inched up in June and the situation is expected to continue in July. As for downstream market, many weaving plants saw thinner business in June compared with April-May but the run rate was largely high, except for the reduction in some weaving plants and water-jet looms in Changshu and Wujiang affected by political issues.
Rigid demand for PFY has been moderate, while speculative demand was weakening. Downstream plants expect business to worsen in July but the operating rate still has support as weavers will hoard up inventory for the peak season even after orders diminish. However, weavers are still expected to worry about the uncertainty caused by environmental protection and the mounting cost because of continuously increasing dyeing fees.
Polyester filament yarn plants expect to face bigger selling pressures in July compared to June. Supply/demand fundamentals in July are supposed to be weaker than in June in anticipation of the growing supply but a weaker downstream demand. Inventory of PFY is low now. Demand is anticipated to be moderate in anticipation of a stable run rate. The sales ratio of PFY may improve periodically, and the price of PFY may be in correction.
My Size Inc, the developer and creator of smartphone measurement applications, plans to launch QSize™, a mobile measurement solution for retailers to ensure quality control throughout the apparel manufacturing process. QSize requires the user to first scan the apparel’s barcode on his mobile device, and then is a graphic illustration of how to measure the garment. The user then measures the garment with a few easy movements of the mobile device, and the data is then accurately and automatically uploaded into the retailer’s back office system each and every time.
The current process for quality control within apparel manufacturing includes measurement of each garment by hand, followed by manual entry of such measurement into the manufacturer’s back office system, creating a significant possibility for human error. My Size’s QSize will enable a retailer to fully automate its quality control process by utilizing a mobile-based measurement and data logging system.
Arvind is pursuing more environmentally responsible alternatives to cotton, the leading material used to make jeans. One of these is Zero, a collection of denim produced with no cotton fibers. Each pair of Zero denim is woven with sustainable fibers, including Tencel Lyocell, kapok, wool and recycled polyester. Zero stands for zero per cent cotton and 100 per cent denim.
Arvind selected Tencel Lyocell for both its properties and its eco-friendliness. The ultimate goal is to use low impact fibers and create fabrics that can be easily recycled. The key objective when replacing cotton with other fibers is to reduce the environmental footprint of cotton. Sustainability affects all points of the supply chain. Denim’s environmental makeover is not based on a sole product or initiative, though. Arvind urges denim makers to take a more corporate social responsibility approach to their actions in order to address roadblocks and make necessary improvements from sourcing to finished product.
Cotton production consumes roughly 20,000 liters of water per kg and can have an adverse impact on earth. By providing consumers with the option to buy more eco-conscious denim, Arvind is taking its sustainability a step further and doing its part to fuel the circular economy.
JIAM 2020 Osaka - The Japan International Apparel Machinery & Textile Industry Trade Show has opened registrations for exhibitors. The 12th edition of the show, being organised by the Japan Sewing Machinery Manufacturers Association (JASMA), will be held from May 20 to 23, 2020, at Intex, Osaka, in Japan.
One of the world’s leading trade fairs specialising in the sewing equipment industry, the show will display latest technologies and innovative new products related to the entire sewing, apparel manufacturing, and textile processing industries. The theme of the exhibition will be ‘JIAM 2020, the forefront of the future technology and master craftsmanship collaboration.’ It will actively promote the latest innovative solutions catering to each and every need of the industry, by combining existing skillsets from drastic market changes in the past with the latest technology. All major sewing factories and apparel manufacturers are expected to visit the exhibition.
Messe Frankfurt Japan assist the exhibitors and visitors and support the venue operation and event planning, as well as inquiry handling. The company, with rich experience in managing, planning and operating international trade shows, will effectively promote JIAM 2020 by utilising their global network.
Grasim, one of India’s largest viscose staple fiber (VSF) producers, is expanding capacity by 2.4 times. The company plans to market VSF as the most sustainable fiber compared to polyester or cotton. Global demand for viscose staple fiber has been growing at a CAGR of six per cent compared with cotton’s one per cent and polyester staple fiber’s two per cent, making Grasim invest in the VSF business. In India, the demand growth for VSF at eight per cent is higher than global demand growth.
The demand for VSF as a percentage of total fiber is projected to grow to over six per cent by 2022 compared to 4.75 per cent in 2012. Grasim has ensured control over 80 per cent of the costs through backward integration, giving it an important competitive advantage over nonintegrated players. Its manufacturing input of caustic soda, power and steam and carbon disulfide is fully captive and the company has control over 60 per cent of the pulp requirements.
Grasim, a part of Aditya Birla, is the world’s fourth largest pulp producer. The company, after the successful introduction of its fabric brand Liva in 2015 in the Indian market, is planning to take the brand international. Grasim is planning to take Liva to Indonesia next, followed by Turkey. The company already has a design studio in New York and is tying up with international designers to promote Liva as the fabric of choice.
The UAE wants to be one of the major foreign investors in Bangladesh. Bangladesh concluded a General Trade Agreement with the UAE in 1984, and since then bilateral trade has been sustaining between them. At present, two-way trade stands firm at the billion dollar mark. The UAE was the first Gulf country to recognise Bangladesh and establish diplomatic relations.
The countries hope to take the trade volume to $5 billion in the next three to four years. They are committed to carrying forward the mission of strengthening historic ties and have a vision for the future that is durable and sustainable and conducive for the collective prosperity of the region. The United States and the European Union have been Bangladesh’s largest export markets. The UAE now wants Bangladesh exporters to focus on the Middle East and start using the UAE as a gateway.
Bangladesh major exports to the UAE are readymade garments, woven and knitwear, vegetables, frozen fish, jute yarn and twine, home textiles and textile fabrics, fruit juices, tea in packets, spices, stainless steel ware, melamine tableware, electronics, cables and jute products, among others. Some vegetable products, plastic articles, cotton and cotton yarn, fabrics, iron, steel and its products, electrical machinery and equipment are also re-exported from the UAE to Bangladesh.
Driven by its massively growing textile and home furnishings sector, India is touted to emerge as one of the most promising market for blended fibers in the forthcoming years. In fact, the textile sector is one of India’s largest export contributor with around 13 per cent of the overall exports in India credited to the textiles sector. The central government of India also plans to launch a new textile policy that aims to accomplish a benchmark of US$ 300 billion worth of textile exports by 2024-2025. In consequence, this would have a marked impact on the regional blended fibers market share.
In the last year, blended business vertical has witnessed a couple of rather pivotal incidences that would have a commendable influence on India blended fibers industry trends in the years to come. Research activities unearthing age-old, conventional as well as newer innovations in fiber technology, blended fibers market outlook is likely to witness a dynamic transformation in the years ahead. Furthermore, the trend of bringing forth the environment-friendly factor in textile production is also likely to generate a plethora of opportunities for companies, which would substantially strengthen the competitive landscape of blended fibers industry.
US President Donald Trump has said Canadians were smuggling shoes from the US into Canada due to massive tariffs but according to experts this statement is incredibly misleading. He emphasized any products made in North America, with the exception of a few, are not subject to any tariffs at all when being brought over the border. In the case where the item purchased was not manufactured in North America, not declaring the purchase stems more frequently from uncertainty about what needs to be declared and a reluctance to go through the hassle of doing so at the border.
Matt Priest, president of the Footwear Distributors and Retailers of America stated that the president is misinformed and Canadians have no real reason to smuggle in shoes because their government is already helping lower their costs through trade deals. Tensions with Canada and other trade partners have surged as Trump seeks to renegotiate the North American Free Trade Agreement while imposing tariffs on steel and aluminum imports, prompting retaliatory levie.
The comments were made while addressing the National Federation of Business in Washington. This comment marks the latest in a long line of insults aimed at Prime Minister Justin Trudeau and at Canada in general.
