Few significant changes were made to cotton market forecasts for 2015/16 in the latest USDA report. The world production figure increased only 70,000 bales and was essentially unchanged at 111.3 million bales. The world consumption estimate increased only 30,000 bales and was essentially unchanged at 115.3 million bales. The projection for world ending stocks was lowered slightly 217,000 bales from 106.3 million to 106.1 million.
At the country-level, there were no significant changes to 2015/16 
harvest forecasts, with only
minor revisions made to several West African countries. In terms of mill-use, the only notable country level revision was for Turkey with over 100,000 bales, from 6.3 million to 6.4 million. Trade figures increased 130,000 bales, with the change to global figures primarily resulting from a slight increase to the Turkish import number of over100,000 bales, from 3.6 million to 3.7 million and minor increases in export forecasts from Turkmenistan and West Africa.
Major changes in global cotton outlook
There were several changes made to 2014/15 estimates. The largest was a 500,000 bale reduction to the Indian crop forecast from 30 million to 29.5 million. Along with a 100,000 bale increase to the estimate for Benin, the world production estimate for the current crop year increased 415,000 bales from 118.9 million to 119.3 million. The global mill-use number for 2014/15 was virtually unchanged to over 20,000 bales at 111.5 million, with a slight increase in Turkish consumption offset by minor decreases in Zambia and Zimbabwe. The Turkish import estimate also increased 100,000 bales. In combination with a 300,000 bale increase to the Chinese import figure, these changes lifted the global import figure by 450,000 bales. The corresponding increase in exports was primarily a result of a higher forecast for India with over 300,000 bales, from 3.8 million to 4.1 million.
The 2014/15 crop year can be seen as a period of transition. This transition was made evident by the decreases in prices between the planting and harvesting of last year's crop. The easing in prices was a product of changes in the world's supply and demand situation, with the most significant developments in terms of fundamentals stemming from reforms in Chinese policies. These reforms emphasized increased use of domestic cotton supplies and resulted in sharply lower imports. Since China is the world's largest source of demand, lower Chinese imports were a significant factor contributing to the increase in stocks in many exporting countries in 2014/15. In turn, this increase in available supply was been a primary reason why prices declined.
In the upcoming 2015/16 crop year, it appears that the most important transitions relative to price direction that were made in 2014/15 will be maintained. Significant year-over-year declines in acreage and production are expected and, although it remains a point of contention among cotton analysts, the USDA is also forecasting a relatively strong increase in mill-use to follow the decrease in prices.
Global trade and stockpile direction
While these changes are notable, recent crop years have highlighted the importance of trade and the allocation of stocks to price direction. Examination of forecasts for both trade and stock allocation in 2015/16 suggests only small changes that may not be enough to push prices outside of recent trading ranges. Chinese import demand is predicted to continue to be depressed. At 6.0 million bales, the current forecast calls for imports in 2015/16 to be 25 per cent below the 2014/15 volume and 70 per cent below the average level of imports during the period of aggressive reserve purchases between 2011/12 and 2013/14. Global cotton trade in 2015/16 is expected to total 33.8 million bales, which is only 1 per cent below the total volume in 2014/15.
With the decrease in Chinese imports in 2014/15, stocks outside of China increased to a record level. Despite declines in acreage and production in most countries in 2015/16, stocks outside of China are expected to change little in the coming crop year and are projected to decrease only 2 per cent from 43.4 million to 42.5 million.
Since trade figures and stocks outside of China levels are expected to be stable, it may be appropriate to think of 2015/16 as a period of consolidation, when the most important transitions relative to price direction made in 2014/15 were upheld. Considering that global stocks remain extremely high by historic standards, and assuming China will release reserves if prices move higher, this consolidation may signal the beginning of an era of consistently low prices.
Textile and apparel conglomerate, Arvind Group has partnered with US-headquartered Invista, owner of the Lycra fibre brand, to manufacture stretch denim fabric in India.
As part of this collaboration, Arvind will ensure that all of its denim fabrics are provided with an Arvind-Lycra co-branded hangtag, communicating the benefits to the end consumer. Arvind holds 12-14 percent of the denim market in India with sales of 450 million meters per month. The company is targeting 20-30 percent growth by the end of the year.
Denim maker posted 28 percent decline in standalone net profit at Rs 68 crores for the quarter ended March 31, 2015 against Rs 95 crores in the same period last year. The company's standalone net income increased by 5 per cent to Rs 1,349 crores during the quarter from Rs 1,284 crores reported in the corresponding quarter last year. For the financial year ended March 31, 2015, the company's standalone net profit stood at Rs 377 crores against Rs 361 crores in the previous year. Standalone net income was Rs 5,225 crores. On a consolidated basis, Arvind posted a net profit of Rs 48 crores, down 96 per cent, against Rs 94 crores in the corresponding quarter a year ago.
Bangladesh is hosting Gar Tex Show 2015 from June 11 to 13. This is a garment, textile machinery and equipment fair. Entrepreneurs from six countries, including Bangladesh, are participating in the ongoing fair. About 140 stalls have been set up to showcase the latest garment and textile machinery and technology.
Among the exhibits are automation systems, unit production systems, finishing, fusing, pressing, ironing and steaming equipments, sewing machinery, testing equipment and controls, embroidery equipment, spinning machinery and accessories, steaming machinery, textile screen printing machinery, weaving machinery and accessories, winding machinery, yarn processing. Visitors are: garment, knitwear, textile and leather goods manufacturers, design studios and institutes, apparel brands and labels, buying agents, fashion designers and merchandisers, distributors and agents of textile and garment machinery and accessories, CEOs, engineers and technocrats.
Bangladesh plans to increase focus on garment and textile sector to lead in the world. The government is providing all necessary support to make this sector more vibrant. It continues to make available modern technologies and machineries related to this sector.
The textile and garment industry has been playing a leading and growing role in the Bangladesh economy. World-wide textile and readymade garment players are taking an interest in Bangladesh in their investment planning.
www.tradefairdates.com/The-GarTex-Show-M11818/Dhaka.html
With focus on Make in India, Ludhiana's garment machine manufacturers have joined hands to save the industry. Ludhiana was once known to be among the few manufacturers of flat machines. But now imports from China and Taiwan have increased.
About 80 industrialists have joined hands and they will go for a multi-pronged policy to rescue the industry. In an effort to give exposure to the industry, they would organise an international expo in February 2016. The stalls would be spread on a 6,000 sq. m. area and 1,000 products related to spinning, weaving, knitting, dyeing, finishing, printing, sewing machines and accessories would be displayed and these would be of 350 national and international brands.
Requirement of knitwear especially from the defense forces during World War II gave a boost to the knitwear industry in Ludhiana. Knitwear production multiplied during 1950 to 1980 and real diversification took place during and after the decade of 1980s.
Ludhiana is known for its knitwear industry. While Tirupur is known for cotton knit wear Ludhiana is known for acrylic and woolen knitwear. The Ludhiana knitwear industry makes a tremendous use of acrylic yarn. Ludhiana contributes 95 per cent of the country's woolen knitwear.
Shipments in most textile machinery segments experienced declines in 2014. Deliveries of new short staple spindles in 2014 fell by 15 per cent as against 2014 while long staple spindles and open-end rotors increased by 70 per cent and 2.6 per cent respectively.
The number of draw-texturing spindles grew by close to 12 per cent year on year in 2014 and shipments of shuttle-less looms dropped by 14 per cent over 2013. Shipments of large circular knitting machines in 2014 also declined 22 per cent over its previous year. In contrast, shipments of flat knitting machines surged by 31 per cent.
Shipments of new short staple spindles fell by 15 per cent year-on-year in 2014 and more than reversed the increase of 10 per cent in 2013. Most of the new short staple spindles were shipped to Asia, where shipments fell by nearly 17 per cent over 2013. Four of the five largest investors for short staple spindles are from Asia.
The world’s largest investor of short staple spindles, China, experienced a decline of nearly 29 per cent, but shipments to Turkey, the fourth largest investor, increased by five per cent in 2014.
After celebrating its milestone 10th anniversary last year, Interfiliere Shanghai is back on October 12-13, 2015 at the Shanghai Exhibition Center. The event will showcase intimates and swimwear, and continue to bring incomparable business opportunities and market insight to the industry. The expertise of Eurovet gathered since its inception over 50 years ago has positioned its shows globally as the must-attend events, and the 11th Interfilière Shanghai will once again play a leading role in bringing high quality business inspiration for professionals worldwide.
Over the past 10 years, Interfilière Shanghai has grown impressively with participating exhibitors growing by five times. In 2014 it saw 275 exhibitors from 16 countries. Nearly 7,300 visitors from 53 countries visited, while 76 per cent of them were from Mainland China.
In 2015, Interfilière exhibitors will be clearly spread over seven product-based sectors not only in West and East wing, but also in the Central hall. In addition, seven sectors will be renamed to be identical to its sister show, Interfilière Paris. New sector names are Lace it (Lace), Brod’cust (Embroidery), Neoskin (Fabric), Access’Folies (Accessories), Creative (Textile Design), OEM/ODM, Hi’Tech (Machinery/ software).
Following the successful launch of last year, Interfilière Shanghai will create the beach forum once again, 100 per cent dedicated to beachwear and swimwear. General trend forum will solely focus on intimates, loungewear and sportswear. These two forums will enable visitors to build a comprehensive understanding of the coming Spring/Summer 2017 trends through a sophisticated showcase of the latest cutting-edge products from exhibitors.
More than 850 exhibitors are expected at the next winter trade fair, from 14 to 17 September 2015. Texworld Paris will display a global range of fashion products from the major manufacturing countries of China, South Korea, India, Indonesia, Taiwan, Thailand, Turkey and Pakistan. The September event is a very important time for the exhibitors, since they would get to view two collections at once, for winter and initial trends for the summer.
Commenting on the exhibition, Michael Scherpe, CEO of Messe Frankfurt France, said, “Our efforts to feed all fashion’s creative influences into Texworld are inspiring exhibitors. In other respects, their collections, the quality of which is increasing more and more, are winning favour with designers, many of whom are developing fabrics, motifs and embroidery with our exhibitors.”
International fashion brands and high street stores also appreciate this creativity and investment by the exhibitors in innovation. Numerous leading exhibitors are combining creativity of trends with cutting-edge technology, thanks to the latest generation of machinery developed by manufacturers such as Rieter, which is also exhibiting at Texworld Paris.
Silk is one of the most popular fabrics at Texworld, after cotton. More than forty silk manufacturers are expected at this event, including thirteen weavers from Huzhou in the province of Zhejiang, one of China’s famous silk production centres.Their high quality silk like dupion, crepe, muslin, sheet, twill and silk satin are particularly prized for haute couture, evening wear and bridal wear brands.
At each fair, the Lenzing Pavilion highlights the innovative features of selected weavers. Many international fashion brands and high street stores have confidence in their multiple-property materials, based on Tencel and Lenzing Modal, for men’s and women’s casualwear, leisurewear and sportswear.
www.texworld.messefrankfurt.com
As per the International Textile Machinery Federation (ITMF), shipments in most of the textile machinery segments experienced declines in 2014. Deliveries of new short staple spindles in 2014 fell by 15 per cent as against 2014 while long staple spindles and open-end rotors increased by 70 per cent and 2.6 per cent respectively.
The number of draw-texturing spindles grew by close to 12 per cent year on year in 2014 and shipments of shuttle-less looms dropped by 14 per cent over 2013.
Shipments of large circular knitting machines in 2014 also declined 22 per cent over its previous year. In contrast, shipments of flat knitting machines surged by 31 per cent.
Shipments of new short staple spindles fell by 15 per cent year-on-year in 2014 and more than reversed the increase of 10 per cent in 2013.
Most of the new short staple spindles were shipped to Asia, where shipments fell by nearly 17 per cent over 2013. Four of the five largest investors for short staple spindles are from Asia.
The world’s largest investor of short staple spindles, China, experienced a decline of nearly 29 per cent, but shipments to Turkey, the fourth largest investor, increased by five per cent in 2014.
Denim Premiere Vision was held in Spain, May 27 to 28. It welcomed 97 exhibitors and a pool of visitors from 60 countries. Mills were eager to promote their innovations for the autumn/winter ’16-’17 season, with conversations generally leading to the hand feel, stretch and sustainability of their products.
While fashion trends veered toward shine, glitter and leathery textures, mills continued to get high marks for soft finishes. Italian mill Niggeler & Kupfer is experimenting with flocked Tencel on women’s fabrications for a lush and opulent look.
For a smooth hand feel, Artistic Denim Mills used a spun polyester yarn—instead of a filament—for a range of hyper stretch denim. The appeal of soft and luxurious denims has evolved into denim collections that feel cozy.
Men’s stretch denim continues to be a conundrum for mills as the market demands fabrications with an authentic appearance. Men want it to look like denim. Orta is betting on its D-Craft collection of mono-stretch denim to answer the demand for rigid-looking denim. The fabrication has a slubby, cross-hatch, salt and pepper look associated with authentic denim.
Sustainable denim is top of mind for many mills. AFM is introducing recycled denim made using plastic water bottles.
denimpremierevision.com/
Gar Tex Show 2015 is being held in Bangladesh on June 11, 12 and 13.This is a garment, textile machinery and equipment fair. Entrepreneurs from six countries, including Bangladesh, are participating in the fair.
About 140 stalls have been set up to showcase the latest garment and textile machinery and technology.
Among the exhibits are automation systems, unit production systems, finishing, fusing, pressing, ironing and steaming equipments, sewing machinery, testing equipment and controls, embroidery equipment, spinning machinery and accessories, steaming machinery, textile screen printing machinery, weaving machinery and accessories, winding machinery, yarn processing.
Visitors are garment, knitwear, textile and leather goods manufacturers, design studios and institutes, apparel brands and labels, buying agents, fashion designers and merchandisers, distributors and agents of textile and garment machinery and accessories, CEOs, engineers and technocrats.
Bangladesh wants to make the garment and textile sector a leading one in the world. The government will provide all necessary support to make this sector more vibrant. It will also continue to make available modern technologies and machineries related to this sector.
The textile and garment industry has been playing a leading and growing role in the Bangladesh economy. World-wide textile and readymade garment players are taking an interest in Bangladesh in their investment planning.
www.tradefairdates.com/The-GarTex-Show-M11818/Dhaka.html
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