Spun yarn exports aggregated 83 million kgs in June 2017, down 22 per cent and 11 per cent in value terms at US$260 million. However, they were 11 per cent more than May shipment. Shipment in June was also adversely impacted by the production cuts just before the rolling in of the Goods and Service Tax regime from 1 July. Producers and trader refrained from accumulating inventory and were busy offloading surplus stock. Unit value realization averaged US$3.14 per kg, down US cents 3 from previous month but up US cents 39 as compared to June 2016 Cotton yarn was exported to 71 markets worth US$214 million (INR1,360 crore) and volumes at 66 million kg. The aver-age unit price realization was at US$3.23 a kg, down US cents 7 from previous month and up US cents 46 from the same month a year ago. China reemerged as the largest importer of cotton yarn from India in June, followed by Bangladesh and Turkey. 15 coun-tries did not import cotton yarn from India this June as they did last year. However, they were replaced by 12 countries which imported yarn worth US$1.6 million in June 2017. Brazil, Turkey and United Arab Emirates…
Crude up on Weak US$ and signs of supply tightness Crude oil prices declined early in August, pressured by rising OPEC exports and strong US output, but the fall was limited by strong US jobs report which bolstered hopes for growing demand. Prices continued to sober later but bounced back sharply in third week, rallied by a fall in US$ and drillers cutting down rigs. Signs of supply tightness started surfacing in US. While prices continued to remain supported by weak US$, the markets were adversely impacted by Hurricane Harvey bracing the USG coast. Harvey, a powerful Category 3 storm, forced shutting down of refineries, terminals, onshore and offshore production facilities and other infrastructure. Benchmark US crude averaged US$48.12 a barrel while European Brent averaged US$51.93 a barrel, both up 3% and 6% on the month, respectively. MEG prices rise on cost support, but PTA sobers Ethylene prices in Asia surged 25% on the month hitting a 3 month high on tight supply and strong downstream demand while European spot surged 9% as supply tightened following fire at Pernis refinery. In US ethylene prices climbed 30% on anticipated start-up of several derivative projects, following decline in July contract prices. Strong…
The Textiles Committee, a statutory organisation under the Ministry of Textiles, Government of India has been conducting a survey to quantify the domestic demand of textiles in the household sectors of the country since 1969. The demand of textiles is derived on the basis of textile purchase data collected bi-monthly from selected panel household across the country. The latest annual report “Market for Textiles and Clothing: National Household Survey 2015” is prepared on the basis of bi-monthly textile purchase data for the calendar year 2014. The latest annual report has tried to capture the demand for most of the popular products purchased by the household sector during 2014. The estimation on demand pattern includes the per capita consumption of textiles, fibre and sector-wise demand; region–wise demand of textiles etc. for the reference and use of the industry and Government. Aggregate & Per Capita Demand of Textiles The aggregate purchased of textiles was 36086 million metres in 2014 as compared to 31636 million metres in 2012 and have experienced a positive growth rate of 14.07%. In value terms, the aggregate purchase of textiles is Rs. 4363466 million in 2014 while in 2012 it was Rs. 3493287 million. The aggregate value of…
Ahead of Navratri, Durga puja and Diwali festival, the demand of finished fabrics has increased in the local textile market here. Shining fancy printed fabrics and designer jacquard fabrics are in heavy demand. As the demand rise, plain grey fabric producer, wevears are now also turning into jacquard grey fabrics manufacturing form plain fabrics. After two months long period of GST implemention, daily business turn-over of finished synthetic saree, dress and home textile fabrics is increasing in country’s largest man-made fabric(MMF) wholesale market. Textile trading industry sources said the traders had booked huge orders for the upcoming festivals like Durga Puja and Diwali. The retailors from all across the country, are giving orders for new creative quality and worked fabrics. Specialy, the pallu, butta and top-dyed jacquard fancy fabrics are in heavy demand. Among of 6.5 lakh powerloom machines in the city, only few hundreds are making jacquard fabrics and that is why quality fabrics manufacturers are in win win situation. The wholesale traders have received huge orders of ultra-satin, jari broket, rubber-print, velvet worked and fancy sequence fabrics from the retailors and small traders from Bihar, Asam and kolkata. The wholesale price of these fabrics are in the range…
IndiaNew Season Arrivals as on 15/08/2017: State wise Arrivals (Lakh Bales)2016-17 Punjab 09.00 Haryana 21.00 Rajasthan 18.00 Gujarat 82.71 Maharashtra 96.37 M. P. 21.00 A.P. 18.69 Telengana 49.75 Karnataka 16.18 Orrissa 03.00 Other 02.40 Total 338.10 - Source Just Agri Cotton Sowing Report as on 17/08/2017 State Central Agri Ministry (Lakh hact.) 2017-18 2016-17 Punjab 03.85 02.56 Haryana 06.56 04.98 Rajasthan 05.03 03.86 Gujarat 26.51 23.13 Maharashtra 41.38 39.00 M. P. 05.76 05.99 A.P. 04.98 03.75 Telengana 17.89 12.50 Karnataka 04.33 04.28 Tamilnadu 00.12 00.06 Other 01.74 01.43 Total 118.15 101.55 Weather Report: IMD weekly weather report 01st Jun to 16th Aug 2017 COTTONGURUTM Comments: Indian cotton crop continues to depend heavily on weather conditions. Although amount of sowing is a significant factor in estimation of cotton crop, it is the ‘yield’ which is the key factor for determining the final crop. The below mentioned historical data of last 7 years corroborates this fact. The above chart clearly indicates that figures of sowing can be misleading as far as the final cotton crop arrivals are concerned. For eg. Sowing figure were similar during season 2012-13 and 2013-14 (approx. 119 lakh hectares) but the difference in final crop output was 2.7…
Situation of Market is Slake due to GST. In textile only 10-15% work is process rest of all is not on the board. In market grey fabric is ample in stock, no buyers are available. Dyeing & Printing projects is very few. Ahmadabad process house shut 2-3 days in a week due to no demands. While in Maharashtra processing house has little improvement in dyeing program and at the same time Ichalkaranji market is worst. Earlier weaving labors use to get 20 paisa per peak and now their wages lower down to 13 paisa per peak. South is known for its spinning but now Maharashtra & Gujarat (Saurashtra) also started spinning Mills in state. Spinning & Weaving looms are emerging in Gujarat; So Gujarat is in peek of its development. Now Yarn is also available in Gujarat, so manufacturer doesn’t depend on south for yarn. In south labor is cheap comparatively Gujarat, but then to delivery is on time and quick. Processing in Ahmadabad & Surat is running successfully. Surat mainly known for its art silk, polyester, georgette etc., but now they are into 1005 cotton printing. Hosiery mainly manufacture in Ludhiana & Tirupur, now Surat put its feet in…
Page 1 of 3
No result...