Indian and Pakistani designers to display their creativity at joint exhibition
Polyester pricing in June 2015 A year of fall
Texprocil urge for extension of export sops to all knitted fabrics
GST Bill: Centre likely to agree on full compensation for five years
Centre's Rs 400 cr crop insurance for Gujarat farmers
Lower cotton consumption to push world ending stocks
FDI continues to flow into Vietnam textile sector
Italy to announce a €20mn plan to boost textiles, fashion exports to US
Vietnam firms dwindling as FDI in textile and garment expands
Taiwan to make energy saving mandatory for textile sector
Italian silk makers trying to spin a niche to reinstate age old silk industry
Tunisian textile exports decline in H1
Global crude oil price of Indian Basket was US$ 55.60 per bbl on 21.07.2015
|
Item |
Price |
Unit |
Fluctuation |
|
PSF |
1151.05 |
USD/Ton |
-0.28% |
|
VSF |
2142.10 |
USD/Ton |
0.15% |
|
ASF |
2510.28 |
USD/Ton |
0% |
|
Polyester POY |
1142.89 |
USD/Ton |
-0.71% |
|
Nylon FDY |
2922.53 |
USD/Ton |
-1.10% |
|
40D Spandex |
6204.26 |
USD/Ton |
0% |
|
Nylon DTY |
3249.07 |
USD/Ton |
0% |
|
Viscose Long Filament |
6032.83 |
USD/Ton |
0% |
|
Polyester DTY |
1412.29 |
USD/Ton |
-0.80% |
|
Nylon POY |
2759.26 |
USD/Ton |
-0.59% |
|
Acrylic Top 3D |
2706.20 |
USD/Ton |
0% |
|
Polyester FDY |
1363.30 |
USD/Ton |
-0.24% |
|
30S Spun Rayon Yarn |
2742.94 |
USD/Ton |
0.30% |
|
32S Polyester Yarn |
1877.61 |
USD/Ton |
0% |
|
45S T/C Yarn |
2938.86 |
USD/Ton |
0% |
|
45S Polyester Yarn |
2040.88 |
USD/Ton |
-0.79% |
|
T/C Yarn 65/35 32S |
2481.70 |
USD/Ton |
0% |
|
40S Rayon Yarn |
2906.21 |
USD/Ton |
0% |
|
T/R Yarn 65/35 32S |
2677.63 |
USD/Ton |
0% |
|
10S Denim Fabric |
1.14 |
USD/Meter |
0% |
|
32S Twill Fabric |
0.96 |
USD/Meter |
0% |
|
40S Combed Poplin |
1.06 |
USD/Meter |
0% |
|
30S Rayon Fabric |
0.77 |
USD/Meter |
0% |
|
45S T/C Fabric |
0.78 |
USD/Meter |
0% |
Source : Global Textiles
Note: The above prices are Chinese Price (1 CNY = 0.16327 USD dtd. 21/07/2015)
The prices given above are as quoted from Global Textiles.com. SRTEPC is not responsible for the correctness of the same.
Designers from India and Pakistan are all set to showcase their creativity in fashion, textile, jewelery, accessories and even furniture in a joint three day exhibition, Shaan-e-Pakistan which is schedule to begin on September 10 in New Delhi where over 150 exhibitors from both the countries will be participate. This event shall help to improve the relation between both countries as food and fashion are two major aspects to get the countries together. There are a lot of similarities between them and these kinds of initiative can open doors between the people of the two neighbours, said Huma Nassr, who retails under the brand name Braahtii. The event organizers to empower women weavers and craftsmen for their exquisite handwork. Most of these designers use hand embroidery. This event will prove to be a good opportunity for these artisans to get the exposure they deserve. According to Sangeeta Das, Co-host of this event, with a trade potential of billions of dollars between the two countries, the event will not only offer a unique opportunity to Indian fashionistas to interact with their Pakistani counterparts but also offers a first-hand opportunity for customers to feel and own the best quality products India and Pakistan has to offer. The exhibition, planned at the onset of the festive season plans to introduce Pakistani trousseau teamed with Indian aesthetics making it the hot destinations for shoppers to pick up latest designs of Pakistani couturiers. The idea behind organizing this event is to make the festive season more special for both the countries.
The event, expected to bring a huge delegation from Pakistan, is part of the larger aim of its associates - Federation of Indian Export Organisations (FIEO), Karachi Chamber of Commerce and High Commission of Pakistan - to further build on the efforts of the governments of Pakistan and India to normalize trade relations between the two countries.
Source : Yarn and fibre
MEG price, polyester filament price in asia, polyester filament price in Europe, polyester filament price in USA, polyester price in asia, polyester price in Europe, polyester price in USA, Polyester pricing, PTA price Mumbai Given the rapid changes in prices of polyester feedstock ethylene and paraxylene prices, their respective derivatives reflected similar trends year on year. Asian MEG markets fluctuated widely opening June and prices jumped in line with the ethylene and PTA market. They fell in the third week on short selling and bearish polyester markets as the peak season drew to a close. Prices, however, climbed again June-end on expanding downstream operating rates. Meanwhile, MEGlobal nominated Asian July contract price at a roll over. Asian spot was down 1.5% in June and 4.8% from a year ago.
European June contract price was settled up on tight supply amid bearish spot dynamics. MEG balance continued to tighten in May pushing spot truck prices up to on strong demand from polyester markets. Ethylene shortages and unplanned ethylene oxide outages plus utility problems had adversely affected MEG production in late May into June, tightening up balances even more. Spot fell Euro10 in June but were slightly up 0.7% year on year. Contract price for May was quickly settled at Euro1,080 a ton DDP and for June at Euro1,107 a ton DDP. US MEG price rolled over on stable expectations. Production was near to maximum with only a minor slowdown at one producer in early May. Demand was strong with sales reported above normal levels. US spot was down 6% from last year.
PTA prices regained sharply in Asia week one as there was no end to plant issues across China and Japan. However, they moderated later as issues subsided and attention turned to waning demand only to edge up last week. European PTA was static in June. CFR China prices were down 2.5% from May and 25% from a year ago. With stable outlook, some PTA buyers were encouraged to look for spot deals outside the region. In US, PTA producers were running close to capacity, with supply back to normal in the region. However, there are suggestions of stronger PET imports, which could impact regional PTA demand. Prices were down 7.3% year on year in June. Polyester chip markets in Asia were range bound as trading was insipid in June. Offers for semi dull and super bright chips were down 3.5-4% from May and 24% from June last year. In US, the absence of settlement in raw materials delayed announcement by fibre chip producers as most of the market was on a raw material formula based on current-month raw material prices. Chip spot price moved down 9% year on year in June, while the same in Europe declined by over 15%. PFY markets in China were on weak correction in June and producers pegged offers mostly flat, and reduced in few specs on weak cost and limited buying interest. In India, POY market was stalemated amid bearish sentiment and producers lowered offers for some specs. In Pakistan, DTY prices saw notable decline in prices in the last week of June although producers pegged offers stable. In China, POY 75/72 prices declined 6% in Shengze. In Europe, 167 Dtex POY prices were down 15% while in US 70D POY was pegged 5.3% lower than last year.
PSF prices were on a rise in China opening June as a fire at JX plant resulted in the shutdown of two paraxylene lines which supported PSF producers to raise offers immediately. However, prices declined later in the month as the support eased rapidly. In China, 1.4D PSF was pegged down US cents 4 from last month and 21% down from June 2014. In Europe, 1.7dtex PSF prices were down 17% in June 2015 compared to last year while in US 1.2/1.5D PSF was pegged 3.8% down in similar comparison.
Source : Yarn and fibre
The Director General of Foreign Trade announced a new list of textile items eligible for export sops, last week which excluded certain knitted fabrics for concession under the Merchandise Exports from India Scheme. This came as a big surprise for the Cotton Textiles Exports Promotion Council (Texprocil). Knitted fabrics with HS (Harmonized System) Code 6006, which covers most of the knitted fabrics including those with lycra are value added products that are used widely in garments were left out in the list of items covered for export benefit. RK Dalmia, Chairman of Texprocil has urged the Centre to include knitted fabrics under HS code 6006 to Bangladesh and Sri Lanka, besides extending export sops to value-added products such as cotton dyed and printed fabrics and made-ups to African countries. These products, including khangas and khatangas, are used in traditional African dresses, and are predominantly manufactured by SME units in India. However, Texprocil welcomed the decision to include exports of cotton fabrics – woven and knitted – to Bangladesh and Sri Lanka under the MEIS. Dalmia said that the decision would play a major role in boosting fabric exports to both countries as they are strong in garmenting and India is known for fabrics. According to Dalmia, if any benefit is granted to fabrics then it should cover the entire range to avoid unintended exclusions.
Source : Global textiles
The government has indicated that it is willing to accept the Rajya Sabha Select Panel’s recommendation on full compensation to States for five years after implementation of the Goods & Services Tax (GST). The panel is expected to submit its report on Wednesday. “We don’t think that loss will continue after two years (from the date of implementation of GST). So, accepting 100 per cent compensation for five years should not create any problem,” a key government official said here on Tuesday.
The Constitution Amendment Bill for the introduction of GST prescribes a five-year compensation formula with 100 per cent for the first three years, 75 per cent for the fourth year and 50 per cent for the fifth. However, States are seeking 100 per cent for five years, which has also been recommended by the Select Panel.
Voting pattern dispute Though the panel has agreed with the proposed voting pattern of two-third for States and one-third for the Centre in the GST Council, the Congress party wants this changed to three-fourths for the States and one-fourth for the Centre. The official said that such a voting pattern will lead to ceding more fiscal policy power to the States, which is not acceptable. Another contentious issue is the 1 per cent additional tax proposed in the Bill to benefit manufacturing States. There are concerns that this will have a cascading effect. Even the Select Panel has expressed concern, but did not recommend modification. The official noted that the provision in the Bill talks about tax up to 1 per cent, so “options are available to mitigate the cascading effect, if any.”
Amidst strong protests from the Opposition, the Bill was referred to the Select Panel of the Rajya Sabha during the Budget session. Now the Committee has adopted its report with a few dissent notes. The report along with the revised Constitution Amendment Bill was sent to the Vice-Chairman of the Rajya Sabha. It may be noted that unlike the Standing Committee, any amendment suggested by the Select Panel will not require approval from the Cabinet.
Source : The Hindu Business Line
There is some relief for farmers in Gujarat. A state minister has said that the central government will release Rs 400 crore towards crop insurance for farmers of Gujarat this week, according to media reports. "The Centre is going to release Rs 400 crore towards crop insurance for farmers of Gujarat on July 25 that will benefit around 2.5 lakh farmers of the state," Gujarat’s minister of state for agriculture, Mohan Kundariya said.
The farmers, who have paid crop insurance premium, will get the insurance amount, he added. Kundariya said the crop insurance is for the year 2014 and the Centre decided to release the amount after the Gujarat government sent a proposal. "Those farmers, who paid premium for their crop in the year 2014 and whose crops were damaged or faced total crop failure, will be given the benefit," he said. According to the minister the crop insurance will help farmers of Saurashtra region who are facing a difficult situation after the recent flash floods. Kundariya claimed that the Centre has also made arrangements to release separate funds for insurance of cotton crop by the end of September.
Source : Fibre2fashion
Lower consumption of Cotton will lead to higher ending stocks for both 2014/15 and 2015/16 relative to last month, says the US department of agriculture (USDA) in its estimate for this month’s world cotton supply and Demand. For US, the report keeps cotton production forecast unchanged from last month at 14.5 million bales, as lower expected abandonment and slightly higher yields offset the reduced planted area indicated in the Acreage report released by the National Agricultural Statistics Service (NASS). The NASS report estimates all cotton planted area for 2015 at 9 million acres, which is the lowest cotton acreage in the United States since 1983. Upland cotton is estimated at 8.85 million acres, down 18 percent from 2014.
“The 2015/16 projected ending stocks are 4.2 million bales, down 200,000 from last month and unchanged from the beginning level. The projected range for the marketing year average Price received by producers of 54 to 70 cents per pound is raised 4 cents on the lower end, with a midpoint of 62 cents,” states the USDA report ‘World Agricultural Supply and Demand Estimates’. The report predicts sharp reduction in cotton consumption by China for both 2014/15 and 2015/16 relative to last month, due to continued strong competition from both polyester and imported cotton products.
Meanwhile, 2015/16’s projected growth in world cotton consumption is above 3 per cent, as this month’s reductions in consumption by China, Brazil, Bangladesh, and Pakistan are partially offset by increases for India and Vietnam, according to the report.
While world production is about unchanged, world trade is raised, as lower imports by China, Pakistan, and Bangladesh are more than offset by an increase for Vietnam. The USDA has raised projected 2015/16 world ending stocks by more than 2 million bales. However, with the expected China carryover 2.5 million bales above last month, stocks outside of China are projected lower, the report says. (RKS)
Source : Fibre2fashon
Vietnam’s textile and garment sector continues to be a magnet for FDI. While FDI in Vietnam has fallen significantly in the first six months of 2015, it rose sharply in the textile and garment sector, according to the country’s newspapers. Several domestic and foreign-invested cotton projects are rushing to begin operating in anticipation of competing across borders after Free Trade Agreements (FTAs) go into effect.
At least $1.12 billion out of the $5.58 billion worth of capital inflows went into the textile sector. One of the three largest projects was capitalised at $660 million, the highest ever in the field. The $660 million project, in a yarn factory in Dong Nai province, was registered by an investor from Turkey. Among others is a $300 million project registered by a British investor in Ho Chi Min City and a $160 million project in Tay Ninh province by a Hong Kong investor. Prior to that, Vietnam licensed three large projects to investors from China, including $400 million textile and garment complex in Nam Dinh province, $300 million in Quang Ninh province and $200 million in Hai Duong. Smaller projects are capitalised at tens of millions of dollars. Forever Glorious, a subsidiary of Sheico Group from Taiwan, has committed to invest $50 million in a project to make underwater sportswear. Gain Lucky Limited belonging to Shenzhou International plans to invest $140 million to develop a fashion design and high-end product development centre.
According to the Vietnam Textile and Apparel Association (Vinatas), once Vietnam officially joins TPP, it would enjoy a zero percent tariff when exporting textile and garment to the US instead of 17-30 per cent tariff. The biggest problem of Vietnam’s textile and garment industry now is the heavy reliance on imported materials. A report showed it needs to import 50 per cent of input materials to make finished products, mostly from China. According to the TPP framework, only the products using input materials from TPP member countries will be able to enjoy the preferential tariff of zero percent.
Source : Fibre2fashion
Italy’s Vice minister of economic development, Carlo Calenda, to detail the Ministry of Economic Development's year-long plans to boost Italian exports to the US which will involve "trade shows, special events, incoming services and assistance in Italy and a major media campaign. Italy is said to be announcing a €20 million initiative to strengthen its relationship with the US regarding textiles, fashion and leather goods exports. Italy will be rolling out media campaigns, promotional events, and partnerships with major US retailers, including Saks Fifth Avenue and Nordstrom, in order to grab a greater share of the US consumer market, which for now anyway is the largest in the world. The US market is the one with the biggest potential, Maurizio Forte, trade commissioner and executive director for the US of the Italian Trade Commission said. Not only is it the growth they are having now, but they’re seeing that it will be quite consistent in the next years.
Forte points out that, while Italian labels are already established on the coasts, in cities such as New York and Miami on the East Coast and Los Angeles on West, they aren’t as present elsewhere. In central parts of the country, they have tremendous space for growth, for example in Texas, Colorado, and Montana, just to mention some according to research they have done. The move will be a major boost for the Made In Italy brand, which has been used since the Eighties to highlight the quality of the country's produce, as well as for the nation itself, which saw exports of clothing, textile, leather goods, cosmetics, eyewear, jewellery and skins rise significantly in 2014, contributing to a 4.5 per cent market share growth since 2013. Italy is also eager to reach the burgeoning group of young consumers in the US. Millennials in the country earned a combined $1.1 trillion in post-tax income in 2013, according to Euromonitor, and about one-third of Americans are under the age of 25. These shoppers are keenly interested in where and how the products they buy are made. That tag on clothing that says “Made in Italy” already adds prestige (even if a growing number of Italian products come from factories that are Chinese-owned and staffed), and Italy hopes to appeal to them with its tradition of craftsmanship and reputation for exceptional design. The plan isn’t just intended to increase sales of established Italian brands, though. The most important goal, according to Forte, is introducing new labels to the US market. They have a lot of medium and small brands with excellent products that are suitable for the American market. For them it’s not easy to approach retailers by themselves, so what they’re doing is a kind of outreach for them. Those small-to-medium labels have a turnover of roughly $75 million to $110 million already, but need an extra bump to become global successes. Currently the US is one of the largest buyers of Italy’s fashion exports, including clothes, footwear, leather goods, and jewelry, as well as textiles and leather hides. It has been trying to boost its fashion industry for some time, and with the dollar particularly strong against the euro these days, giving US consumers a little extra buying power, the time is right. The country has been encouraged by its increasing exports to the US. In 2014, Italy exported 5.2 billion euros ( $5.6 billion) worth of fashion products to the US, an increase of 11 percent over the previous year. Italian manufacturers want to capitalize on this uptick as they hope to profit from the ever-influential youth culture since 34 percent of the US population of 315 million is under 25.
Source : Yarn and fibre
Textiles and garments are the key export item of Vietnam, with $24 billion worth of export turnover in 2014 and an expected $27-27.5 billion in 2015. However, there is a big problem that while foreign invested enterprises are expanding, Vietnamese firms have dwindled. The demand from Vietnam’s key export markets has decreased significantly, while the dollar has appreciated sharply, causing textile and garment export growth to slow down. This year, Vietnam’s textile and garment export turnover has reached $12 billion, a modest increase of 9 percent in comparison with the same period last year, a 3-year low, and much lower than the 19 percent growth rate last year. Vinatas has confirmed that the number of orders from Vietnam’s key markets such as the EU and Japan is on the decrease.
According to the Foreign Investment Agency (FIA), this year most of the large foreign direct investment (FDI) projects registered are in the textile & garment sector. The number of foreign invested garment and textile factories has been increasing dramatically as foreign investors have been flocking to Vietnam to take full advantage of the free trade agreements (FTAs) of which Vietnam is a member. These include the project registered by Hyosung Dong Nai which has investment capital of $660 million, one by Worldon Vietnam at $300 million and one by Lu Thai Vietnam at $160 million. In late June, Binh Duong provincial authorities licensed Polytex Far Eastern Vietnam which plans to make synthetic fiber with capital of $274 million.
Vinatas’ deputy chair Pham Xuan Hong said though garment companies still have enough orders until the third quarter of the year, there are not many ‘attractive jobs’ and most of the orders are small. Though demand from the US has recovered well, the recovery cannot offset the decreasing demand from the EU and Japan. Hong said that while the export prices remain unchanged, the input costs have increased sharply. Meanwhile, more and more foreign manufacturers have come to Vietnam where they compete fiercely with Vietnamese enterprises. The current difficulties will last until next year at least and the situation will heavily depend on the financial crisis in Greece, according to Le Quang Hung, chair of Garmex Sai Gon.
Source : Yarn and fibre
Beginning next year, the textile industry in Taiwan will have to mandatorily take energy conservation measures, as per a directive of the Ministry of Economic Affairs (MOEA), according to local media reports. In its effort to improve Taiwan’s energy use efficiency, the MOEA has come out with a draft regulation, which if properly implemented can save up to 40,000 kilolitres of oil equivalent per year in the textile industry alone, the reports said. Textiles is categorised as one of the heavy energy users by the MOEA under the Energy Administration Act. The ministry is planning to give a tax cut to textile companies that invest in renewable energy, or take steps to reduce the overall energy consumption. The draft regulation includes rules governing steam’s temperatures and oxygen content. Moreover, textile manufacturers will need to keep a close watch on water outflow, water temperature, etc. (RKS
Source : Fibre2fashion
A new beginning for silk sector decades after Veneto's last silk mills were closed as a post-war economic boom lured farmers to cities, budding silkmakers - or sericulturists are making attempt to spin a niche around a traceable supply chain of high-quality material. They are nourishing hopes of a revival of Italy's 1,000 year-old silk industry as clusters of silkworms munch on piles of locally-grown mulberry leaves in a white marquee in Italy's northern Veneto region. Giampietro Zonta, a jeweler who started producing his own silk last year in order to make a line of bracelets and necklaces made of interwoven gold and silk. Zonta's company D'Orica has joined forces with a scientific research center and three agricultural cooperatives to produce the silk from scratch. Last year, they harvested 800 grams. This budding silk industry is minuscule compared to the 130,000 tonnes of silk China manufactured in 2013, according to the International Sericultural Commission. Italy is one of the world's major importers uses the mainly Chinese silk to make finished fabric, neckties, scarves, shirts and dresses which had a combined export value of more than 890 million euros (US$975 million) in 2012, according to trade body Ufficio Italiano Seta.
Yet Zonta's project is one of various efforts cropping up across Italy led by entrepreneurs wanting to capitalize on a timid economic recovery to launch businesses tied to the country's traditional specialities – in this case, fashion. Zonta's project received 127,000 euros in regional government funding, but the group is financing most of the work itself and looking for more support. The silkmakers are worried about the future of the government-owned agricultural research center in Padua, near Venice, where they work as the center may be moved as part of a country-wide reorganization of agricultural research aimed at improving efficiency. But the relocation may endanger the live organisms and waste money poured thus far into the project, said the Padua center's chief researcher Silvia Cappellozza. The whole production chain is starting again here in Veneto. All of this would be lost. According to the national union of chambers of commerce Unioncamere, Italian entrepreneurship is still suffering after two decades of economic stagnation and three years of recession, but there are signs of a recovery. Fewer new ventures opened in the first quarter of 2015 than in the same period of last year, but the number of closures dropped more sharply.
In Italy the overall manufacturing costs are still 30 percent higher than China, but companies including Italian leather goods brand Piquadro have brought some production home, thereby saving on transport costs and import duties. According to Italy's silkmakers, producing locally allows for stricter quality control. Fashion industry body Sistema Moda Italia said that textile producers pay around 48 euros (US$53) a kilogram to import the raw material, but buyers of silk for other specialized uses like skincare pay more for the locally-grown quality guarantee. Alessandro Di Grazia, product developer at Italian dental product maker FIMO, branched out into skincare to make a sort of thimble made of a silkworm cocoon for cleaning the skin. He buys Veneto-grown cocoons for 0.6 euros each to use in the product, a certified medical device sold in pharmacies. Di Grazia said that using Italian silk is very important for them because they know who has made it and how. For their purposes they need extremely clean cocoons. Silkworm eggs and rearing techniques came to Europe from Asia along the trade routes known as the "Silk Road". They arrived around the year 1000 in Italy, where production reached a peak in the late 1800s with output topping 60,000 tonnes of cocoons a year. But two world wars in quick succession at the beginning of the twentieth century changed the social and economic fabric of Europe. Soon after the second conflict, Italy began a period of industrialization which was to spell the end of sericulture. Now the industry in China, which makes some 85 percent of the world's silk, is under pressure from its own economic boom. Due to rapid industrialization and urbanization, silk production in the country may decline considerably in the coming years, said Kurada Keshendra Shetty of the Bangalore-based International Sericultural Commission.
Meanwhile, demand for silk is rising as people in China and India get richer, according to Shetty, and there is an immediate need to start up the silk industry in new places. According to Dr. Long Li, deputy director of the Sericultural Research Institute at the Chinese Academy of Agricultural Sciences, as part of the process of industrialization, young Chinese people are losing interest in sericulture and many young farmers rush into (the) city to earn more money. The cooperatives of the Veneto are not the only Europeans who are starting production again in Europe. The Swiss Silk Producers Association, led by farmer and textile engineer Ueli Ramseier, started production in 2009 and made 13 kilograms of raw silk, equivalent to 270 neckties and sold to necktie makers for 450 Swiss francs (US$478.52) a kilogram, is aimed at high-end products.
Source : Global Textiles
There was a decrease in the value of textile and garment exports made by the north African country of Tunisia in the first six months of 2015. From January to June 2015, the exports of textile, apparel and leather fetched 3,146.8 million dinars (approx. $1.585 billion), registering a decline of 5.55 per cent over exports worth 3,331.9 million dinars made during the corresponding months of the last year, according to the data from the National Institute of Statistics. In 2014, Tunisian textile, garment and leather sector earned 6,460.8 million dinars in exports, registering an increase of 3.75 per cent over 2013 exports of 6,227.2 million dinars.
On the import front, Tunisian textile, apparel and leather sector spent 2,377.8 million dinars during the initial six months of 2015, showing a dip of 2.5 per cent over imports of 2,439 million dinars made during the same period last year. Tunisian textile, clothing and leather imports grew 7.74 per cent last year to 4,820 million dinars from imports of 4,473.5 million dinars in 2013. According to the recent statistics released by the Agency for the Promotion of Industry and Innovation, there are a total of 1,790 textile and garment manufacturing units in Tunisia which employ 10 or more persons, of which, 1,503 units produce for export markets.
These 1,790 textile and apparel units together employ 170,858 people, of which 154,884 positions are with wholly exporting enterprises and 15,974 positions are with other than totally exporting. The textile and apparel sector is the largest employer and the second-largest foreign exchange earner for Tunisia, the smallest country in terms of land area in northern Africa.
Source : Fibre2fashion
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 55.60 per barrel (bbl) on 21.07.2015. This was lower than the price of US$ 55.92 per bbl on previous publishing day of 20.07.2015.
In rupee terms, the price of Indian Basket decreased to Rs 3538.94 per bbl on 21.07.2015 as compared to Rs 3553.72 per bbl on 20.07.2015. Rupee closed weaker at Rs 63.65 per US$ on 21.07.2015 as against Rs 63.55 per US$ on 20.07.2015. The table below gives details in this regard:
|
Particulars |
Unit |
Price on July 21, 2015 (Previous trading day i.e. 20.07.2015) |
Pricing Fortnight for 16.07.2015 (June 27 to July 13, 2015) |
|
Crude Oil (Indian Basket) |
($/bbl) |
55.60 (55.92) |
58.69 |
|
(Rs/bbl |
3538.94 (3553.72) |
3730.34 |
|
|
Exchange Rate |
(Rs/$) |
63.65 (63.55) |
63.56 |
Source: Ministry of Textiles
