Textile Briefs International


1. Bangladeshi jute exports to India declined in January and February this year. Year on year, jute goods exports slumped 52% to 6,872 tonnes in January and 37% to 6,155 tonnes in February 2017, after India imposed antidumping duties on the natural fibre-based products from Bangladesh ranging between $19 and $352 a tonne from January 5, 2017. Shipments from Benapole land port, which handles over 90% exports of jute goods have dropped sharply.

2. The cotton spinners in India due to price pressures are resorting to production cuts in the current financial year to sustain profit margins. Experts estimate production cut of 15% for fiscal 2017-18. A recent study by Care Ratings estimates India's cotton yarn production at 3,936 million kg for the financial year 2016-17, nearly 5% lower than 4,138 million kg output reported in the previous financial year. For the past few years, cotton yarn production has increased by 3% -3.5% to meet domestic demand and exports.

3. The cotton production for Mali for the upcoming 2017-18 season is forecasted at 725,000 tonnes, up about 12% from the current season's record yield of at least 645,000 tonnes,  In the year 2016-17 the Mali witnessed the highest yield in more than a decade aided by increased prices and fertiliser subsidies fixed in 2015.

4. The number of Spanish textile firms has stopped closing for the first time since 2008, stabilising at around 3,500 companies. The sector is benefitting from Spain's economic  growth which stood at 3.2% last year, that is double the Eurozone average and the disappearance of least competitive firms. Spain's textile exports, which account for 60% of sector-wide sales, rose by 7% last year.

5. The US cotton export outlook for 2016-17 is increased by 500,000 bales to 13.2 million bales for 2016-17, due to high recent shipments and sales to all major markets, said US department of Agriculture (USDA). The report also projects US cotton exports to remain at 13.2 million bales in 2017-18.

6. The US textiles and apparel industry after years of significant decline is gradually bouncing back as both its shipments and exports increased in 2016. In 2016, the total value of textiles and apparel shipments in the US reached US$ 74.4 billion, increasing by 11% from 2009, while total US exports of fibre, yarns, fabrics, made-ups, and apparel recorded US$ 26.3 billion.

7. Vietnam earned US$ 6.84 billion from garment and textile exports in the first quarter of this year, showing an increase of 11.2% year over year basis, according to data released by the Vietnam Textile and Apparel Association (VITAS). Vietnam’s major markets include the US, Japan, the Republic of Korea, China and the EU. Total export earning of Vietnam was over US$30 billion in 2016.

8. Spain now ships raw fabric to Morocco, the top destination for Spain's textile exports where it is transformed into clothes for major international brands.

 

 
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