Surat: With the textile traders keeping their shops shut for three more days following the all India strike announced by traders from Tuesday, production of grey fabrics has taken a hit in the country's largest man-made fabric (MMF) sector here. Industry sources said production of grey fabrics has decreased by almost 55 per cent in the last fortnight due to the textile traders' agitation against Goods and Services Tax on fabrics. The daily production of polyester fabrics is pegged at 4 crore meters per day. At present, the powerloom sector is producing less than 2 crore metres per day. Most of the powerloom units in Bhestan, Unn, Sachin, Katargam and Ved Road are operating their units in single shift for the last many days. The traders had already observed two days strike in between. Sachin Weavers Association president Mahendra Ramoliya said, "The powerloom weavers in Sachin GIDC manufacture around 50 lakh metres of fabrics per day. The production of fabrics has now come down to less than 10 lakh metres per day due to the ongoing strike by textile traders. We are not opposed to 5 per cent GST in the weaving sector, but it is our request to central government to provide us refund for the accumulated tax credit. If we don't receive the refund, the entire weaving sector will collapse after July 1." Southern Gujarat Chamber of Commerce and Industry (GCCI) secretary Devesh Patel, who is president of Ved Road Weavers' Association also, said, "A delegation from SGCCI and textile industry had met deputy chief minister Nitin Patel. We put forth two demands: increase import duty on Chinese fabrics and provide refund of accumulated tax credit." Patel said, "There can't be two rules in the textile sector. If the textile processors are eligible for refund of accumulated tax credit, the powerloom weavers should also be considered for the same. There are less than 1,000 textile process houses in the country, whereas the strength of powerloom weavers in the decentralized industry is more than 20 lakh."
Source: the Times of India
Textiles 2017, billed as India's first mega trade event in the sector with 15,000 participants from all over the world, will be inaugurated by PM Narendra Modi in Gandhinagar on 30 June. It is aimed at significantly uplifting India's textile industry, which employs more than 45 million people directly, contributes to 10% of manufacturing production, 2% of India's GDP and 13% of the country's export earnings. Union minister of textiles,Smriti Irani , spoke to Shefalee Vasudev about the opportunities for creating jobs in the sector, plans for making India a global textile hub and the challenges. Not at all. Last year, the Prime Minister announced a special package of Rs 6,000 crores with the aim of creating one crore 11 lakh jobs in the next three years. This sector has tremendous job generation potential. What better way than the PM of a country opening this event to convey the importance given to the textile industry? Besides, chief ministers of the three partner states -Andhra Pradesh, With the PM's opening address and with state chief ministers and cabinet ministers speaking, won't Textiles 2017 get drowned under political rhetoric? Assam and Maharashtra -are keen on textile development and tapping investor and manufacturer connects.To promote India as the top global destination for textiles, linkages with ministries of commerce, skilling and urban development are only logical. Absolutely . Not physically by hosting it at the same venue but in linkage, collaborative synergies and promotion, this has all the facets of Make in India. It ropes in weavers, designers, manufacturers, buyers, exporters, suppliers from handloom to technical textiles and organic produce to man-made fibres, even educational institutes and live demos from national awardee craftspeople all under one roof. Twentysix round tables will be hosted by the industry and not just big names. The programme has attracted Japanese exhibitors, Korean and Chinese buyers as well as enquiries from the Fashion Institute of Technology , New York. There is one round table only with female entrepreneurs--a first of its kind industry attempt. So will Textiles 2017 become a part of the Make in India initiative? That depends on how a particular weaver or weaver group uses this trade event. There are 40 lakh-odd weavers in India, once they register under the India Handloom Brand, they get an IHB tag, which is hallmark of quality , with details of their background, contacts and creations in a completely transparent exchange. That will give them a signature and enhance their visibility for interested man ufacturers. National awardee weavers keep getting mentioned but nothing has been done to facilitate weavers with their own signature brands. How will this event change things for the weavers themselves? Assuming that this event is tilted towards fashion is being unfair to the entire industry which sweeps from home textiles to medical fabrics; from technical textiles used by the Indian Army for parachuting gear to other performance fabrics. One of the biggest participants at this event is the Swedish home textiles giant Hemtex.So being overawed by or partial to fashion it is not the goal here. Yet both the fashion shows planned at Textiles 2017 showcase designers.Doesn't that tilt the importance towards fashion rather than weavers? Indian textiles are synonymous with the handmade and handloom. How will this event promote technical textiles with equal emphasis on creative business value? Please understand that whoever is interested in craft gets that but that doesn't sum up the story . Facilitation, opportunity and exposure will be equal for all kinds of products and fabrics. Every manufacturer or investor will find whatever interests them from India's holistic textile value chain. The idea is to create opportunities. We are keen to exhibit the extraordinary potential of textiles from the North Eastern states, especially Assam but, states like Andhra Pradesh and Maharashtra are also on the top. These are closely followed by Karnataka, Which among the Indian states do you currently see with most potential to break into the global textiles market? Jharkhand and Telangana. We have left our doors open for everyone to leverage the opportunity.But let it be said that artisans from all over the country will be present here.
Source: The Times of India
Surat: Surat Municipal Corporation (SMC) has begun groundwork to build a skywalk to cover 50 textile markets located on the Ring Road in the city. Tata Consulting Engineers (TCE) LTD, consultant to the project, has suggested a number of options to SMC with regards to the skywalk which it seeks to build in phases within three years. The skywalk which will be 5.5 metre wide and 2,230 metre (2.23km) long will help reduce congestion on the main road by at least 1 lakh people in a day. The first phase will see construction in the textile market's back side until Salasar Hanuman Temple. A portion parallel to Ring Road will be constructed in the second phase and Millennium Market Road will be covered in the third phase. SMC will begin work on the third phase of the skywalk project only after holding consultations with FOSTTA, tempo association, traffic police and other stakeholders. The skywalk will be seven metre high and mostly all textile markets in this area will have access to it through an escalator. It will have an access point at every 200 metre and for multi-level parking, BRTS bus stops, etc. "We expect detailed project report (DPR) on skywalk to be completed by July 15. Tendering and allotment of work will begin later," an SMC officer said. "The project cost is being worked out. We will like to get on with it at the earliest as it will be a part of the smart city project," municipal commissioner M Thennnarasan said.
Source: PTI
No business: Textiles and garments shops remained shut in Hyderabad on Tuesday in response to a textile bandh call. Tax likely to increase prices for consumers, say traders As a 72-hour bandh called by textile traders against Goods and Services Tax (GST) levy on fabrics began on Tuesday, the hustle bustle at the wholesale textile hub at Tobacco Bazaar in Secunderabad was missing. The only sign of activity in the narrow streets dotted on either sides by commercial establishments of different dimensions dealing in textiles was a meeting condemning the introduction of the levy. These and many others across the twin cities will remain shut till Thursday, declared Telangana State Federation of Textile Associations President Ammanabolu Prakash. He estimating the number of people employed by 500 shops in Tobacco Bazaar at about 2,000. Exempted category Textile traders across the State, he said, were supporting the nationwide bandh as fabrics at present came under the exempted category.The 5% GST that it would attract would complicate matters for those in the trade, said, pointing to the compliance hassles as well as the need for more working capital.For the end consumer, the price of textiles is likely to go up by 8-10%, the textile association president added. On apprehensions of the trade, that mainly deals in suiting, shirting fabrics, dress materials, as well as sarees, Mr. Prakash said complying with the requirements is not going to be easy for the traders considering the lack of familiarity with computers. The traders operate on thin margins, he claimed, adding much of the business is credit oriented. In this backdrop, GST compliance would be challenging and add to their cost, the association president added. The traders have not registered under GST in protest, he added.
Source: The Hindu
Apparel exports are set to reach $20 billion in 2017-18, 13 per cent higher than a year ago, on policy support from the government. Apparel exports moved in a narrow range since 2013-14 when the government introduced a revised technology upgradation funds scheme that attracted fresh investment and reduced the cost of production. Apparel exports moved up to $17.5 billion in 2016-17 from $16.8 billion in 2014-15. In the past six months, exporters have seen a sharp increase in orders from the US, the EU and the West Asia. “We expect the momentum to continue. Apparel exports could set a new record of $20 billion this year,” said Rahul Mehta, president of the Clothing Manufacturers’ Association of India. The government announced a Rs 6,000-crore textile package last year which the industry started taking advantage of in November and December. Duty exemptions like the refund of state levies also helped Indian apparel manufacturers compete with global players. “We hope the industry is able to convince the government to continue duty drawbacks for at least one year after the goods and services tax (GST) is introduced,” said Premal Udani, managing director, Kaytee Corporation, an exporter of children’s garments. Apparel exporters enjoy nine per cent duty drawbacks in the form of customs, excise and service tax. The industry urged the government to reduce the GST rate on job work from 18 per cent to 5 per cent. Mehta said the GST would make fabric imports cheaper from China. The GST is set to make garments priced less than Rs 1,000 cheaper by 2-2.5 per cent. Those priced higher will become 2.5-3 per cent costlier.
Source: Business Standard
Cotton output in India, the world’s biggest grower, may increase to a three-year high as some farmers plant more of the fiber on better returns compared to other crops. Production will probably climb to 37.5 million to 38 million bales in the harvesting season starting October 1, from 34.1 million bales a year earlier if the monsoon is normal in main growing areas, said Nayan Mirani, president of the Cotton Association of India. That would mean the biggest crop since 2014-15, when the harvest was 38.7 million bales, data from the association show. A bale weighs 170 kilograms (375 pounds). A bigger Indian crop will add to an expected decade-high harvest in the US, the top exporter, and a forecast increase in output in Australia just as China continues to unload inventories. That’s prompted global prices to drop 4.4 per cent this year after climbing 12 per cent in 2016. In India, domestic prices are still offering favourable returns for farmers. “As long as the monsoon is normal and on time, it’s the right thing for the farmer to be in,” said Mirani, whose family has been trading cotton since 1870. “It’s more a function of what the farmers earned compared with other crops.” India’s total cotton area may climb 10 per cent in 2017-18 from a year earlier, Mirani said. That’s a rebound from the 12 per cent decline to 10.26 million hectares in 2016-17, according to farm ministry data. Benchmark spot cotton prices were 3.7 per cent higher on Monday compared with a year earlier, according to the Cotton Association of India. The November and December cotton contracts on the Multi Commodity Exchange of India are trading at a discount to the July contract, indicating production will increase and prices will start falling when harvesting begins in October, said Aurobinda Gayan, vice-president for research at trader Kotak Commodity Services. Earnings from cotton are better than soybeans, peanuts, chilli and some pulses, which will likely see area planted to the fiber increase 15 per cent, according to Kotak’s Gayan. “The average price of cotton in India was always positive this year and better than last year,” Gayan said by phone from Mumbai. “I am anticipating a shift from other crops.” This year’s monsoon is set to be normal for a second year, according to the India Meteorological Department.
Source: Business Standard
Sarvesh Kadiyan, a small-time textile manufacturer in the dusty industrial complex of Panipat, had an animated conversation with a chartered accountant (CA) last week. Kadiyan was looking for clarity on the goods and services tax (GST) set to roll out on July 1. The CA told the businessman to “wait till someone penalises you for non-payment of GST”. For a majority of the 1,500 odd manufacturing units in the area, finding the right guidance seems to be quite a task. “It was funny; my CA told me he does not know much. According to him, as the roll-out begins on July 1, a lot many people who are equally unaware would start getting fined by taxation authorities for non-compliance,’’ Kadiyan said. Once penalties are imposed, one would get clarity on what is allowed or not allowed in the new tax regime, he added. Panipat is the biggest centre for shoddy yarn in the world. Anything and everything related to textile is manufactured in this city, a base for the ~40,000-crore industry including exports. But, the size and scale of the industry is not helping businesses when it comes to GST. And, many of the small and large manufacturers have now decided to ‘go with the flow’. In fact, some found similarities to the situation when demonetisation was enforced in November 2016. “During demonetisation, every day, we got to hear of new rules and we modified the business accordingly. From July 1, we would do the same. The way the rules come out and the way the tax officials, CA and lawyers tell us to function, we will work accordingly,” said Bhim Rana, president, Panipat Dyers Association. Limited education among the manufacturers and lack of awareness campaigns are mostly responsible for the current state of affairs. “While they are good at what they do, their knowledge of online billing and intricacies of GST rules is not sufficient. What is needed is concentrated campaigns on GST to educate them, but time is now running out,” said Chetan Sharma, a young entrepreneur who did his MBA from Pune and now runs a successful packaging business. The worry is that many small manufacturers would now have to invest in quality CAs and accountants, pushing their costs up. “CAs are asking anywhere between ~15,000 and a lakh. I used to do my own taxes, now I will have to employ an accountant who knows computers, as I do not know how to file taxes online,” said Satender Singh, a thread manufacturing unit owner. In the last one month, business has taken a hit as well, as orders have slowed down and fears are that next month, things might just come to a standstill. “If last month business was down to 60 per cent, we believe next month it would be less than half. The preparations for GST should have started at least four months back, but at the last moment, it is all very chaotic,” according to Rana. Industry chambers on their part are trying to hold awareness campaigns to help out maximum number of manufacturers and believe it is the unorganised sector that is facing problems. “We have in the past one and a half months organised six awareness drives. While some such as the cotton industry are prepared as the input tax has not changed, other such as the looms industry are not ready as many do not even have the GST number,” said Pritam Singh Sachdeva, chairman, Haryana Chambers of Commerce and Industry, Panipat Chapter.
Source: Business Standard
AHMEDABAD: The textile trading community has decided to call for a major shutdown of business, to oppose the imposition of goods and services tax (GST) from July 1. Some 50,000 textile dealers in the city will shut shop for three days starting Tuesday, in protest against GST. Textile traders are protesting the 5% GST imposed on the cloth business from July 1. Textile traders in Surat have already been observing a bandh since Saturday. Estimates by the association of wholesale cloth traders indicate that around 3 lakh cloth traders across the state will join the three-day bandh. Apart from Surat and Ahmedabad, textile traders in Jetpur, Junagadh, Rajkot, Bhavnagar and Surendranagar are also likely to join the bandh. "Weavers and cloth traders have never paid taxes in the history of the textile industry in India. The tax was only imposed on yarn manufacturers and the government may choose an appropriate slab for yarn manufacturers but not on cloth. In the interest of the industry, they should get exemption from GST," said Gaurang Bhagat, president, Maskati Cloth Market Association. Most textile traders will gather at the New Cloth Market compound in Kalupur "Cloth merchants from across the country gathered in Delhi last week to discuss GST and a the decision to protest was taken there," added Bhagat. on Tuesday. Representatives of the cloth traders association said any politician or minister is welcome at the venue to discuss the issues of the industry. Cloth and textile traders across Gujarat will bear estimated losses of Rs 3,000 crore for each day, in the event of a bandh, according to estimates by the Maskati Cloth Market Association.
Source: The Times of India
Normal work in weaving and knitting factories of Karur came to a grinding halt on Tuesday as they joined the three-day all-India strike called by textile industry that began on Tuesday. They were protesting against the Central government’s move to levy Goods and Services Tax (GST) on multiple production processes of the textile industry. Besides powerloom units, almost all dyeing and packing units had also downed shutters in support of the strike called by the All India Textile GST Sangharsh Samiti. According to industry sources, more than 2,000 weaving, knitting, dyeing and packing units have taken part in the strike. Traders and merchants were also taking part in it. S. Surendhar, secretary, Karur Weaving and Knitting Factory Owners’ Association, said that nearly 10 lakh powerlooms in the State were closed in protest against the Central government for imposing GST on multiple production processes of the industry. The GST tax proposal would badly hit the textile industry, one of the top two job providers in the country, only next to agriculture, he said. He also said that though several representations were sent to the Centre and the Union Finance Minister, it appeared that there was no effort to consider the demands of textile traders and weavers. Mr. Surendhar added that weaving and knitting factories in Karur had stopped sending materials for outsourcing works in Namakkal, Salem and Tiruppur in support of the strike.
Source: The Hindu
Joining the nationwide strike against the implementation of the Goods and Service Tax (GST) regime, Haryana’s textile traders on Tuesdaystarted their three-day strike by closing down their business for the next 72 hours. The cloth markets remained closed in various parts of Haryana including Rohtak, Bhiwani, Sirsa, Panipat, Mahendragarh among other districts. The textile traders also held marches in protest of the Centre’s decision to levy 5 per cent goods and services tax (GST) on textiles and 12 per cent on readymade garments. The textile traders demanded withdrawal of the Centre’s decision. Meanwhile, Haryana Finance Minister, Capt Abhimanyu said that the government is ready to remove the doubts by holding discussion on GST.
Source: The Pioneer
Apparel Export Promotion Council (AEPC) and National Securities Depository Limited (NSDL) have joined hands to provide end to end handholding on Goods and Services Tax (GST) compliances related to online filing of returns. Under the arrangement, AEPC will provide training and GSTN aligned platform for online filing of returns and other related GST services. A help desk has also been established to answer the queries of exporters on the functionalities related to GST. NSDL e-Governance Infrastructure Limited (NSDL e-Governance) has been closely working with the Government of India as well as various state governments for providing and implementing e- Governance solutions across India. NSDL is among the 34 GST Suvidha Provider (GSP) appointed by GSTN to facilitate tax payers to comply under GST. NSDL would be providing the complete GSTN compliance right from providing of interface to upload/download APIs in the format prescribed by GSTN to conversion of data to the required formats as desired by GSTN through their GSP as well as Application Serviced Provider (ASP) for facilitating GST compliance. The services will be provided to AEPC members at concessional rate, under this arrangement. "GST is a major tax reform in indirect taxes which is due for implementation from July 1, 2017. After organising GST orientation programmes at nine apparel clusters for exporters, AEPC have entered into a partnership with NSDL, which is a GSTN approved GST Suvidha Provider (GSP), to enable a smooth transition into the new tax regime. I would like to thank NSDL for offering such solution based approach for apparel exporters. The help desk which has been set up as a part of this initiative will derive from the expertise of NSDL e-Governance Infrastructure for facilitating GST compliance," said Ashok G Rajani, chairman, AEPC. For technical queries related to GST specially online registration, filing of returns, claiming of refunds, validation of funds and other GST compliances, AEPC has set up a help desk at various regions across India through its regional offices which will be providing support to the exporters in regional languages also. AEPC has also come out with a FAQ booklet for apparel exporters.
Source: Fibre2Fashion
It is finally here, GST. One of the largest tax restructuring exercises the country has experienced is bound to change a few things. GST will have an effect on many sectors, including textiles and fashion. From raw material producers to ready-made online distributors, every segment will feel the change, as consumer buying habits will be affected by the new tax regulations. The GST also includes specific sections that deal with compliance for e-retailers and online aggregators, adding more clarity to what has been a grey area in many aspects. Online shopping sites are offering discounts because of this uncertainty regarding the impact of GST on fashion retail. The immediate impact points at higher retail prices as producers and resellers grapple with the new norms. Some of the highlights of GST with regards to ready-made clothing include a 12% tax on garments costing more than Rs 1000, while garments costing less than Rs 1000 will be taxed at 5%. According to many reports, sellers are pushing online partners to offer discounts so that old inventories can be cleared. New policies on tax credit are also thought to be behind this discount push with GST looming on the horizon. The GST has, however, been welcomed immediately by textile and apparel manufacturers with rates cut down from 18% to 5%. This comprises of firms dealing with the processing of fabrics and embroidery. Merchant factories produce around two-thirds of the volume, and this GST break is a boost for the grassroots. GST is promoting a transparent ecosystem for business, and this, in turn, is expected to increase the level of competition. E.g. A consumer looking for ladies tops online will have a better shopping experience with more sellers offering competitive prices and a larger range of choices compared to a scenario where established players share a consolidated market for the product. A level playing area and the neutrality of online real estate can lead to some very interesting times for the burgeoning Indian fashion and apparel market. That can spell only good news for the end buyer on the long run. A successful online fashion retailer is the one with the best products and the best-targeted promotions. Irrespective of GST, a shopper buying apparel, whether women’s dresses or children’s clothes, is still more likely to look for the best quality within a price point and the latest styles. The long-term focus will always be on correct sourcing, utilising real-time data, and gathering intelligence on consumer behaviour and larger trends. GST is creating a landscape for uniform opportunity and will incentivise production. The benefits of GST are aplenty, and a lot of them will be felt after the new taxation has been put into place. Doing away with local taxes will encourage smaller producers to increase their scope of business across state borders. Strategic warehousing will be a thing of the past once a uniform tax hits the grassroots. These benefits are expected to trickle back into production and help the industry overall. The online platforms sell products that are the result of many co-operating segments in India’s large textile landscape, and a GST boost to producers and manufacturers will cascade to big online retailers.
Source: CXOtoday
Coimbatore: The Tirupur Exporters Association (TEA) today urged the Centre to expedite release of pending Rebate on State Levies (ROSL), amounting to over Rs 2,600 crore for the last nine months. ROSL has been pending for most of the garment exporting units and only a few got the amount partially till December, TEA president Raja M Shanmugham said in a statement. The total ROSL amount for All India Ready made Garment Exports (Woven and Knitwear) estimated for the period September 20, 2016 to June 20 this year was Rs 3,025 crore, of which only Rs 400 crore had been disbursed so far with Rs 2,625 crore in arrears, he said. Tirupur exporting units alone have to get about Rs 550 crore, he said. Though Rs 1,555 crore was allotted for ROSL claim in the 2017-18 Union budget, till date it has not been disbursed and representations have been made to various Ministers and offices, including the Finance and Textile Ministers to help get the ROSL pending claim released, he said. The textile ministry has announced RoSL in lieu of Value Added Tax on the occasion of releasing special package for apparel sector and the scheme came into effect from September 20 last year. As per the scheme, the Central government had taken into consideration all the taxes paid by exporters like VAT, electricity duty, Octroi, entry tax, he said, adding it was to be noted that some taxes like electricity duty, octroi and entry tax were not being refunded earlier to the exporters. The ROSL rate for garment items exported varies from 2.65 per cent to 3.9 per cent, Shanmugham said. NVM SS APR
Source: PTI
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 45.42 per barrel (bbl) on 27.06.2017. This was higher than the price of US$ 44.28* per bbl on previous publishing day of 26.06.2017. In rupee terms, the price of Indian Basket increased to Rs. 2927.78 per bbl on 27.06.2017 as compared to Rs. 2857.47 per bbl on 26.06.2017. Rupee closed stronger at Rs. 64.46 per US$ on 27.06.2017 as compared to Rs. 64.54* per US$ on 26.06.2017. The table below gives details in this regard:
|
Particulars |
Unit |
Price on June 27, 2017 Previous trading day i.e. 26.06.2017) |
|
Crude Oil (Indian Basket) |
($/bbl) |
45.42 (44.28*) |
|
(Rs/bbl) |
2927.78 (2857.47) |
|
|
Exchange Rate |
(Rs/$) |
64.46 (64.54**) |
* Since Oman & Dubai prices were not available due to holiday in Singapore on 26.06.2017, the price of Indian Basket Crude oil could not be derived. Therefore, price of Indian basket as of 23.06.2017 had been considered.
Source: PIB
|
Item |
Price |
Unit |
Fluctuation |
Date |
|
PSF |
1097.70 |
USD/Ton |
-0.20% |
6/27/2017 |
|
VSF |
2195.40 |
USD/Ton |
0.33% |
6/27/2017 |
|
ASF |
2180.76 |
USD/Ton |
-2.61% |
6/27/2017 |
|
Polyester POY |
1136.49 |
USD/Ton |
0% |
6/27/2017 |
|
Nylon FDY |
2707.66 |
USD/Ton |
0% |
6/27/2017 |
|
40D Spandex |
5093.33 |
USD/Ton |
0% |
6/27/2017 |
|
Polyester DTY |
1463.60 |
USD/Ton |
0% |
6/27/2017 |
|
Nylon POY |
2854.02 |
USD/Ton |
0% |
6/27/2017 |
|
Acrylic Top 3D |
5795.86 |
USD/Ton |
0% |
6/27/2017 |
|
Polyester FDY |
1361.15 |
USD/Ton |
0% |
6/27/2017 |
|
Nylon DTY |
2517.39 |
USD/Ton |
0% |
6/27/2017 |
|
Viscose Long Filament |
2341.76 |
USD/Ton |
-2.44% |
6/27/2017 |
|
30S Spun Rayon Yarn |
2854.02 |
USD/Ton |
0% |
6/27/2017 |
|
32S Polyester Yarn |
1683.14 |
USD/Ton |
-0.43% |
6/27/2017 |
|
45S T/C Yarn |
2693.02 |
USD/Ton |
0% |
6/27/2017 |
|
40S Rayon Yarn |
1829.50 |
USD/Ton |
0% |
6/27/2017 |
|
T/R Yarn 65/35 32S |
2268.58 |
USD/Ton |
0% |
6/27/2017 |
|
45S Polyester Yarn |
3000.38 |
USD/Ton |
0% |
6/27/2017 |
|
T/C Yarn 65/35 32S |
2297.85 |
USD/Ton |
0% |
6/27/2017 |
|
10S Denim Fabric |
1.36 |
USD/Meter |
0% |
6/27/2017 |
|
32S Twill Fabric |
0.85 |
USD/Meter |
0% |
6/27/2017 |
|
40S Combed Poplin |
1.18 |
USD/Meter |
0% |
6/27/2017 |
|
30S Rayon Fabric |
0.66 |
USD/Meter |
0% |
6/27/2017 |
|
45S T/C Fabric |
0.67 |
USD/Meter |
0% |
6/27/2017 |
Source: Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.14636 USD dtd. 27/06/2017). The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
The European Apparel & Textile Confederation is urging a “smart and smooth” BREXIT that would enable the highly integrated supply chains of the U.K. and 27 European countries “to keep on working smoothly from fibers to end products.” In a position paper, Euratex said, “An uncontrolled separation of the U.K. from the EU would have a very serious impact on the industries of both sides…given comparably high import tariffs that would apply in the textile and clothing sector. The avoidance of legal uncertainty is of high priority for economic operators, requiring an early arrangement on the legal relationship between both contracting parties in the medium term.” Euratex said a transitional arrangement should cover suspension of customs duties and all legal and regulatory areas with relevance for the textile and clothing industry, and should directly lead to a comprehensive trade and investment agreement in the long run. “A future comprehensive EU27-U.K. trade and investment agreement should consider the already existing close economic relationship between the European textile and clothing industries,” the paper noted. On Monday, a spokesman for the so-called “Article 50” negotiations between the European Commission and the U.K., noted that at the first meeting last week, both parties agreed to create working groups on citizens’ issues, the financial settlement and other separation issues. These talks are also expected to lead to a U.K.-EU free trade agreement if they go well. “The European Council can then decide on whether we can show sufficient progress, or not. And if we can move to scoping the future relationship on trade and other matters,” Michel Barnier, the EC’s chief negotiator, said following the first round of talks. The textile and clothing sector is one of the EU’s major industries. With 1.7 million workers, it generated sales of 171 billion euros ($191.36 million) in 2016, according to Euratex. “European textile and clothing companies are globally leading, regarding technical textiles, sophisticated high-quality yarns and fibers, as well as high-end apparel goods,” Euratex said. The U.K. lies in third place in textile and apparel two-way trade, with a combined 16.2 billion euros ($18.13 billion) in bilateral commerce. Euratex said the major threat of a “hard Brexit” is the imposition of high customs duties, as the level of customs duties is generally higher in textiles and apparel than in other industrial sectors. Today, for the countries not benefiting from any FTA or GSP regime, the EU duties are 4 percent to 5 percent for yarns, 8 percent for fabrics and 12 percent for apparel entering the EU market. “If duties of that kind were introduced, even on a temporary basis, between the EU27 and the U.K., it would have a negative impact on both industries,” Euratex said. A future trade and investment agreement between the U.K. and the EU “should bring opportunities for growth, investment and job creation on both sides of the Channel,” Euratex said. It should cover the confirmation of a zero-duty level, customs procedures, public procurement, state aids and protection of investments, and intellectual property rights provisions. It should also cover environmental and sustainability goals, standards and regulations.
Source: Journal Online
In today’s competitive sourcing arena, Peru remains an ideal destination for producing high-quality apparel. In addition to its 5,000-year history in textiles, the country continues to evolve to address current sector needs like speed to market and synthetics production. Eduardo Ferreyros, Peruvian Minister of Foreign Commerce and Tourism, noted Peru is an extremely easy partner for the U.S. given its proximity, that there is little time difference, and the cultures are very similar. Moreover, the country is a member of 19 free trade agreements—including one with the U.S.—and it continues to improve its processes and infrastructure. “We’re working to be more competitive by making business easier through things like modernizing our customs procedures,” he said. “We’re also working to have a better connection with the world by having the best ports and attracting new airlines.” The main competitive advantage of the Peruvian apparel industry, which supports 350,000 jobs, is its level of integration. The production chain, starting with the fiber to the yarn and fabric manufacturing and the making of garments, is fully integrated. Working in this way means the country is positioned for brands looking for rapid response. This feature is strengthened by the constant technological modernization of plants and the high level of specialization that entrepreneurs and workers have reached, while also staying true to its roots and supporting local artisans with hand-knitting. This reflects a real mix of the modern with age-old craftsmanship. Peru is home to some of the best raw materials in the world: Alpaca, Pima Cotton and Vicuna. Worldwide Peru is known for its expertise in natural fibers as well as mixing them into a variety of blends, such as with silk, wool, bamboo, linen, Modal, Tencel. Over the last eight years, the country has also started to push into synthetics like nylon and poly as well, driven by the market’s focus on athletic wear. This adoption of synthetics shows how adaptable Peru is, according to Ferreyros. “We have the ability to react to changes,” he said. “We have flexibility.”
The Alpaca difference Peru is home to 80 percent of the world’s Alpaca production. And the country is spreading the word about the ways in which the fiber has evolved through its Alpaca Peru branding initiative. “Alpaca is now thinner and the colors are brighter,” said Conrado Falco, economist for the Trade Commission of Peru. “People say they know alpaca because their grandmother had it, but now it’s young and fresh.” Alpaca is super soft, breathable, hypoallergenic and very versatile. Its fibers naturally come in a range of 22 colors from black through variations of grays and browns to white. When placed in expert Peruvian hands, the textures, weights and silhouettes are infinite. Currently in Peru, specialized programs are being developed to help breeders optimize Alpaca rearing, genetic management and improve fiber selection, among others. The goal of such efforts is to advance the entire process in order to better the economic situation of Alpaca herdsmen in the Andean region and their families that rely solely on this industry to live. Peru also focused on environmentally friendly, sustainably oriented and socially responsible production. Peru’s textile and manufacturing industry not only has a positive impact on the lives of the farmers it supports, but also all the people in the production chain, from yarn makers to spinners and weavers to the factory employees, too. It is a model country, setting the standard with quality of life for its workers through its high labor standards. The majority of Peruvian factories have international certifications, such as GOTS (Global Organic Textile Standard), WRAP (Worldwide Responsible Accredited Production) and Fair Trade certifications, among others. The textile and apparel industry has been one of the beneficiaries of Peru’s economic stability, and along with the increase of its production and exports, it has modernized, expanded and diversified its supply. “It is very easy for companies to move to a new country, so we have to be competitive,” said Ferreyros. “Some countries just have labor. We have production lines from fiber to final production, [which makes] us flexible.” PROMPERU is the Peruvian Trade Commission, supporting textiles and apparel production in the region. The best of Peruvian manufacturing and design will be on display at Première Vision New York from July 18 to 19.
Source: Sourcing Journal Online
LONDON (Thomson Reuters Foundation) - Children and adults were forced to pick cotton in at least one project funded by the World Bank in Uzbekistan, where the cotton industry has been tainted by widespread forced labor, rights groups said on Tuesday. The Uzbek government forced students, teachers and doctors to plant cotton and harvest it from 2015 to 2017, stopping children from receiving a full education, Human Rights Watch and the Uzbek-German Forum for Human Rights said in a report. "The quality of education at all levels is greatly undermined even when children aren't sent out to work because their teachers are sent out to work," Jessica Evans, a Human Rights Watch researcher, told the Thomson Reuters Foundation. "Half the time the kids are left alone because there aren't teachers in the room," she added. Those who refused to work on cotton fields risked being fired, expelled from school or having their welfare payments slashed, the report said. In one irrigation project funded by the World Bank spanning an area where the government had agreed to prohibit forced and child labor, researchers found children as young as 13 working in fields as well as adults who had been coerced into working. The World Bank provided almost $700 million in loans to the Uzbek government for agriculture and water projects in 2015 and 2016. "The World Bank Group does not condone forced labor in any form and takes seriously reports of incidents in the cotton sector of Uzbekistan," a World Bank spokesperson said in response to the report. "We continue to voice our strong concerns on labor issues to the government of Uzbekistan." Uzbek authorities could not be reached for comment. Human rights groups say Uzbekistan is concealing a state-orchestrated forced labor system that underpins its position as the world's fifth-largest cotton exporter. They cite regular arrests, intimidation and harassment of activists. This has sparked a global boycott almost 300 companies, including fashion giants such as Zara and Yves Saint Laurent, who pledged not to knowingly source Uzbek cotton until the government ends forced and child labor in the industry. Rights groups said the systemic nature of forced labor in the Uzbek cotton industry made it highly unlikely that any company souring a significant amount of cotton from Uzbekistan was free of forced labor in their supply chain. A leading campaigner against forced labor in Uzbekistan, Elena Urlaeva, was arrested in March ahead of an international meeting where she was scheduled to give evidence on human rights violations. She was released three weeks later. One of the few independent rights defenders in Uzbekistan, Urlaeva has regularly been beaten, arrested and sexually abused by Uzbek authorities, rights groups said. In early 2017, the International Labour Organization (ILO), found that although Uzbekistan is making progress in eliminating child labor from its cotton industry, forced labor was still widespread. ILO monitoring did not find any instances of forced or child labor in projects supported by the World Bank.
Source: Reuters
Hot temperatures affected most of the state for the week ending June 25, according to USDA’s National Agricultural Statistics Service, Southern Plains Regional Field Office, Texas. Temperatures as high as 115 degrees were measured in the Trans Pecos. Rainfall varied across the state. East Texas, Central Texas and the Panhandle received the most rainfall, averaging between 1.0 and 2.0 inches of precipitation, with isolated areas in East Texas reporting upwards 5.0 inches of rain. There were 6.0 days suitable for fieldwork. Wheat harvest continued in areas of the northern High Plains. The rest of the state was almost done with small grains harvest. High winds and blowing sand were taking a toll on cotton seedlings in the northern High Plains. Early planted irrigated cotton was entering the squaring stage in the Southern High Plains. Lack of moisture in areas of the northern Low Plains was affecting cotton emergence and causing serious damage to emerged plants. Some cotton fields in the Upper Coast were having worm issues. Corn was tasseling in the northern High Plains. Corn silage harvest was in full swing in the Cross Timbers. Dryland sorghum was being planted in the northern High Plains. Sorghum was coloring in the Blacklands and the Upper Coast. Sorghum harvest was underway in the Coastal Bend. Worm infestations damaged soybeans in scattered areas of the Blacklands. Okra, beans and peas were being harvested in North East Texas. Livestock was mostly in good condition across the state. Producers in the Northern High Plains were continuing to discover respiratory complications in cattle affected by the large wildfires in early March. Flies and other insects were becoming a problem for livestock in North East Texas, the Cross Timbers and the Blacklands. Pasture and range condition was mostly fair to good. Wildfire was a concern in the Low Plains. Feral Hogs were damaging the corn fields in North East Texas.
Source: High Plains Journal
Milan, 27 June 2017. “Today’s press conference was called to mark a special and pleasant occurrence. The textiles and accessories industry has risen to the challenge launched by Milano Unica and Milano Unica thought it important to underscore it through this event. The successes achieved thanks to the sharing of intents and innovative strategies should be communicated to the public, because they represent a triumph for the entire system, for all those who believe in the importance of this exhibition made by entrepreneurs for entrepreneurs, as a significant moment of contribution to the entire industry and not just as an initiative primarily focused on profits; businesses that have chosen to come back or participate as exhibitors for the first time in this first world preview of textile and accessory collections. Milano Unica has continued to make every effort to make it possible for exhibitors to prepare their very best collections for the event,” said Ercole Botto Poala, President of Milano Unica. Participants grew at a double digit rate, unprecedented and exceptional these days: in July 20% more businesses for a total of 77 exhibitors and, also, 5 textile designers will participate in the trade show. The international fashion market is sending out ongoing and steady signals of change. For this reason, it is necessary to more efficiently respond to the quick changes imposed by e-commerce, the anticipation of collections in the shop windows, the new “see now buy now” formulas and timing for the presentation of the collections. This is also why the Italian National Chamber of Fashion through its President Carlo Capasa, Sistema Moda Italia with its President Claudio Marenzi and Tavolo della Moda are all in favor of the organization of an anticipated trade show of excellence. The trade show will feature several moments dedicated to various aspects of the world of fashion: from high end production - with the presence, for the second edition within Milano Unica, of Origin Passion and Beliefs - to the international dialogue with the traditional Japan Observatory and Korea Observatory, from the new entries like the textile designers to fashion press, trend books and models, the desks dedicated to the students of Polimi and comON, the designers of The Fabric Program (in collaboration with CFDA, the US Chamber of Fashion) making their selections, to Vintage. On top, with the confirmation of the “coolest” Trend Area and Video, the highly imaginative Area Sintesi: flagships of a top notch trade show, capable of highlighting and transforming the key dialogue between businesses upstream and downstream the supply chain, between tradition and the digital world. The Milano Unica ON Tour event deserves a special space, as it will be dedicated to Italian creativity, textiles know-how, good taste and sartorial style: the origins, the roots are in the soil, they come from the people, they are in the air. Milano Unica presents an Italy that is famous worldwide, beloved by many, through a new experience and new flavors, all to be tasted. This event will give a boost of energy to the XXV edition, the one of the new: “O’ sole mio” summer fashion, the colors and fragrances of the Campania region, its people and their spirit.
Source: Global FashionWeek
At the upcoming edition of CAITME, to be held in Tashkent, Uzbekistan, from 13-15 September 2017, 16 Italian textile machinery manufacturers will exhibit in the common area set up by the Italian Trade Agency and ACIMIT. Among these companies ACIMIT’s associated members include: Beta Machinery, Carù, Cormatex, Durst, Ferraro, Mcs, Pozzi Leopoldo, Ramallumin, Ratti, Rite, Santex Rimar Group, Savio, Sicam, Smit, Stalam, Unitech. Uzbekistan is one of the largest producers and exporters of cotton and its textile industry is a relevant driver for the national economy. Thanks to the raw material’s availability and low production costs the business conditions are favourable for the development of the local industry. The upgrading of installed equipment is considered a step to achieve this goal, ACIMIT reports. According to the Association of Italian Textile Machinery Manufacturers, in 2016, Italian exports amounted to EUR 15 million, exceeding 2015 figures, with a 16% increase. Among the Italian machines most in demand by Uzbek textile companies are knitting machinery (62% of the overall total) and spinning machinery (24%). At CAITME Italian exhibitors will show the most advanced technology applied to the textile sector, offering proper solutions in terms of efficiency, costs saving and sustainability. ACIMIT represents an industrial sector comprising around 300 manufacturers, employing close to 12,000 people and producing machinery for an overall value of about EUR 2.7 billion, with exports amounting to more than 85% of total sales.
Source: Innovations in Textiles
