• Viscose Staple Fiber Prices now rocketing in China
• US Apparel Importers slash orders to Vietnam
• Wool Prices again increasing in Australia
• Spun Yarn Prices in China
• Taiwan 's Exports of Polyester Filament Fabrics in 2004-2006
• India 's Denim Fabric Exports are rebounding
• Prices of US Apparel Imports from China in January-February 2007
• EU Quota Extension discussed in Europe and China
• Latest Regulations regarding Textile Trade
• EU Imports of W/G Denim Trousers in 2006
• Cotton Yarn Prices in Pakistan
• Polyester Staple Fiber Prices in Pakistan
• Cotton prices again declining across the board
• India Apparel Exports slowing down in post-quota period
• No radical change in Global Textile Trade, WTO reports
• US Terry Towel imports: 2004 - 2006
• Nylon Prices slightly declining in China
• EU Clothing Imports from Bangladesh in 2006
• US reduces dumping duties for certain PSF from China
• US Apparel Imports from the Philippines in 2006
• EU-China Quotas Fill Rates and Prices
• EU Imports of Polyester Staple Fibers in 2006
• Mexico 's Apparel Industry facing grim future
• Home Textile Export Prices in Pakistan
• US and Korea reach Free Trade Agreement

• Plan to market textile products in US
• New trade policy to boost textile business
• Difficulties foreseen in achieving textile target
• Cotton prices on the decline by 2% to 5%
• Cotton prices remain unchanged
• Rising interest rates affecting textile business
• Umer Group achieves growth in net sales but suffers decline in profit
• Delay in textile package hampers machinery import
• Textile manufacturers need to be at par with competitors: Faraz Mirza
• Cotton sowing getting momentum due to rains
• Firm trend witnessed on cotton market
• Labor shortage may affect carpet industry
• Cotton Economy a potential threat to export growth
• Handloom exhibition to boost hand woven fabric
• Textile exports projected to increase by 7% in current year
• MoC to kick start consultation with stakeholders: Trade Policy 2007-08
• Cotton price war continues
• Textile industry requests govt to increase R&D subsidy
• Target of cotton production could not be achieved
• Banks feel textile units face crisis-like situation
• Transparency in land allotment vowed
• APTMA suggests members to cut investments in textiles
• Gulshan Spinning Mills registers impressive growth

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Latest Regulations regarding Textile Trade

EU Imports of W/G Denim Trousers in 2006

Cotton Yarn Prices in Pakistan

Polyester Staple Fiber Prices in Pakistan

Prices of polyester staple fibers were last week raised in Pakistan as a result of higher raw material costs. A jump in cotton prices and a rise in import prices of Chinese PSF also led to the 2-rupee increase per kilo. The gap between polyester and cotton prices had been substantially reduced in the first part of April, as reflected by a series of statistical tables from our Pakistan Correspondent. TOP 

Cotton prices again declining across the board

Cotton prices again declined in the past week, although Chinese demand for US cotton reached extremely high levels. The New York market ignored such bullish data, only focusing on the low level in total US exports this season. Large inventories are also putting pressure on US futures. Domestic prices are now declining in India and China , as demand from textile industry is expected slowing down. TOP

India Apparel Exports slowing down in post-quota period

No radical change in Global Textile Trade, WTO reports

China 's textile and clothing sales were not affected by US and EU quotas in 2006, the WTO last week confirmed while releasing its preliminary data on global trade. Major trends in textile trade stayed unchanged to the benefit of poorest Asian countries such as Bangladesh , Cambodia and Vietnam . Share of processing trade is on the decline to the detriment of US and EU textile producers. TOP

US Terry Towel imports: 2004 - 2006

After surging in their first year without quotas, Pakistani towel exports to the United States are now stagnating while US imports from China are rebounding. India is well resisting thanks to lower prices than China . Other suppliers are struggling to keep their market shares. TOP

Nylon Prices slightly declining in China

Nylon prices were slightly down in the past four weeks in China , on average. A series of product prices did not change while others lost about 2%. A decline in caprolactam prices is negatively affecting the nylon-polyamide market while higher inventories may reduce current activity. TOP

EU Clothing Imports from Bangladesh in 2006

US reduces dumping duties for certain PSF from China

The United States is expected imposing definitive anti-dumping duties on polyester staple fibers of 3.3 decitex and more from China , effective from the end of May. Definitive dumping margins are lower for a series of Chinese producers than provisional duties that were announced at the end of December 2006. Imports from China are already falling in related product categories, nevertheless. TOP

US Apparel Imports from the Philippines in 2006

Far from declining, US apparel imports from the Philippines reached a new record level in 2006, at US$2 billion. The rebound is partly due to US quotas on Chinese apparel but also to a specialization in a small number of product categories, including cotton knit shirts in 338-339 where sales by Philippine exporters rocketed in the past two years, as reflected by our series of tables and indices. TOP

EU-China Quotas Fill Rates and Prices

Quotas set on China 's exports to EU's market less rapidly filled in March with a lower threat of disruption in deliveries before the end of the year, as a result. The way China allocates its European quotas is clearly improving this year, with lower prices and higher fill rates. Shipments of dresses in category 27 could however be confronted with a lack of export licenses by the end of August. TOP

EU Imports of Polyester Staple Fibers in 2006

EU imports of polyester staple fibers are still heavily dependent on anti-dumping duties imposed by Brussels . After surging in the past two years, shipments from Taiwan may now decline as a result of additional tariffs decided by the end of 2006. After China was eliminated from the market for a similar reason, India and Thailand could take advantage of the removal of EU anti-dumping duties on their products, on the other hand, while Korean request to exempt Low Melt Polyester was last month rejected. TOP

Mexico 's Apparel Industry facing grim future

Mexico 's apparel and fiber industries significantly declined over the past years, in line with lower exports to the US market. Apparel production capacities were partly relocated to Central America and the Caribbean while fiber industry lost 50% of its jobs, our special envoy to Mexico reports. Apparel producers continue shifting to full package production, but face a threatening 2009 deadline with the end of US quotas on Chinese products while also confronted with surging illegal imports. TOP

Home Textile Export Prices in Pakistan

For the first time, we below release a sample of export prices on the Pakistan market for home textiles. A global leader, Pakistan is currently confronted with rising costs. Price offers were therefore raised in the past weeks, resulting in lower demand from US, EU and Far Eastern markets, our Pakistan Correspondent reports. TOP

US and Korea reach Free Trade Agreement

The United States and South Korea Sunday finalized a free-trade deal. This is the most important trade agreement concluded by Washington after NAFTA but it still needs approval by a Democrat-led US Congress. Textile and apparel provisions include a "yarn-forward" rule of origin (but with major exceptions), a specific textile safeguard, immediate removal of textile tariffs for 61% of US imports in value terms and "strong customs enforcement requirements." TOP

Plan to market textile products in US

Trade Development Authority of Pakistan (TDAP) has prepared a plan to market the country's textile products by engaging top American buying organizations TOP

New trade policy to boost textile business

58th meeting of the Advisory Council of the Ministry of Commerce was chaired by Asif Ali Shah, Federal Secretary for Commerce to decide TOP

Difficulties foreseen in achieving textile target

Lack of government support and stiff competition are forcing the textile industry to stop imports of machinery and go slow TOP

Cotton prices on the decline by 2% to 5%

Expecting panic buying from spinners and mills many ginners had withhold their stocks as there was news of short crop floating in the market. TOP

Cotton prices remain unchanged

Cotton prices remained unchanged in the trading session on Thursday. The spinners were ready to buy quality lint at higher prices TOP

Rising interest rates affecting textile business

The textile sector which is considered as the backbone of the Pakistan economy has not borrowed from banks as it used to in the last nine months. The 24% fall TOP

Umer Group achieves growth in net sales but suffers decline in profit

The textile composite unit of Umer Group of Companies has achieved marginal growth in net sales but suffered decline in net profit; company sources said here on April 07. TOP

Delay in textile package hampers machinery import

The domestic importers and industrialists are not importing any textile machinery due to the delay in announcing proposed. TOP

Textile manufacturers need to be at par with competitors: Faraz Mirza

Textile manufacturers need to be at par with competitors, like India , China and Bangladesh to be more competitive in world markets; Chairman, North Karachi Association of Trade and Industry (NKATI), Faraz Mirza, has said. TOP

Cotton sowing getting momentum due to rains

Cotton sowing for the 2007-08 season in Lower Sindh is getting momentum due to recent rains. Preparations are in full swing; sources said here on April 09. TOP

Firm trend witnessed on cotton market

Firm trend was witnessed on the cotton market on April 11 as some mills bought cotton to meet their near-term needs; dealers said on April 12. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2725. In the ready business deals finalized between Rs 2725 and 2800, they said. During this season, fall in cotton production encouraged the ginners to hold the unsold cotton in expectation of better earning in days to come. Mills were on the sideline on anticipation that prices will depict some softness. Estimation for cotton production in the next season is projected at 14.14 million bales of cotton, they said. The Intercontinental Exchange's NYBOT electronic market for cotton showed the May contract down 0.11 cent to 51.70 cents at 2:54 pm EDT (1854 GMT), moving from 52.23 to a new lifetime low of 51.67 cents. The following deals were reported as some 2000 bales of cotton from upper Sindh sold at Rs 2725-2735, same figure from Rahim Yar Khan at Rs 2800. TOP

Labor shortage may affect carpet industry

The repatriating of Afghan refugees is likely to adversely affect domestic carpet industry, as 80 percent of the workforce comprises of them, industry sources said here on April 10. Industry sources fear that in coming days carpets' exports are likely to dip dramatically and the industry would face a crisis-like situation because of labor shortage, caused by the repatriation of Afghan refugees. On the other hand, director of Afghan Carpets Iftikhar Hussain commented that since 90s, most of the local workforce had left this industry and it was mostly Afghan refugees, who were working in this industry; whereas carpet business will be very challenging in the future, as we face a tough competition from India in the global arena and the cost of production in this business is constantly going up. TOP

Cotton Economy a potential threat to export growth

Over-dependence on Cotton Economy and stiff competition with China, India and Bangladesh specifically in higher value-added categories, which have traditionally not been of strength for Pakistani textile sector, is a potential threat to the country's export growth; The Asian Development Bank (ADB) in its Asian Development Outlook 2007. TOP

Handloom exhibition to boost hand woven fabric

Indian hand woven fabric was on display in Lahore from Friday to Sunday. Designed by Rano and Rukayya Khan the exhibition depicted Indian tradition and the color scheming was based on gold and silver. India has many professional and trained weavers, who master their regional hand weaving techniques. Rano said that handlooms are losing out to competition in Pakistan and in India it is still a big industry. In India each province has a different weaving style and master weavers. She said this exhibition is to promote handloom business in Pakistan .

'Chandari' is a weave very popular in Maharashtra . Ayesha Hummayun, a fashion designer and a guest at the exhibition, said that hand-woven fabric was a relic. She told an ancient story from Aurangzeb Alamgir's time when the king was angry over his daughter Zebunnisa who he thought is minimally dressed. Zebunnisa told him that she was wearing seven dresses. Such was the fineness of hand-woven fabric that time. TOP

Textile exports projected to increase by 7% in current year

The export of textile products projected a growth of 7.01 percent in first nine months (July-March) of current fiscal year compared to corresponding period of last year. The rise in this sector was on account of an increase in export of yarn. According to latest statistics the country exported $8.027 billion worth of exports in the period under review compared to $7.051 billion worth of textile products exported in the same period of previous year.

The export of textile products also registered a growth of 10.68 percent in March 2007 to $987 million as against $ 892 million in same month of previous year and grew by 25.23 percent compared with preceding month of February, when $768 million worth of textile products were exported. The export figures indicate that export of various items in textile category showed growth, however it was export of yarn, which posted phenomenal growth of 145 percent in July-March period, which resulted in overall growth in this category. TOP

MoC to kick start consultation with stakeholders: Trade Policy 2007-08

The ministry of commerce would begins consultation with stakeholders on Trade Policy 2007-08 in an advisory board meeting,  which is scheduled on April 26, an official at the ministry told here on April 20. The official told that the New Trade Policy 2007-08 would be aim at enhancing the competitiveness and to build capacity of the exporters to market their products according to the best international market. The Federation of Pakistan Chamber of Commerce and Industry (FPCCI), All Pakistan Textile Mills Association and all other exporters associations have been participated and invited their recommendations. Export refinance rate in Pakistan has surged from 3% to 9%, banks interests rates on loan has been surged up to 14%.

The main reasons for impeding Pakistan exports are the high cost of electricity, gas, petroleum, tariff barriers such as higher import duties by United States . Pakistan 's textile sector has lost its competitive edge as its regional competitors like China , India and even Bangladesh enjoys more incentives.  They have stressed the need for improvement in the areas like: high interest rates for spinning, weaving, processing; high trash content in cotton; low labor productivity; and technological obsolescence in open end spinning and a small shuttle-less weaving base to make the industry competitive and take advantage of the real potential Pakistani textile sector.

However the labor in Pakistan is cheaper than India , China , Indonesia , Egypt , however, yet the productivity is comparatively low due to skill gap. Cost of labor in Pakistan is 43 cents, India 47 cents, China 57 cents, Indonesia 52 cents, Egypt 60 cents, and while in Bangladesh and Vietnam it is 27cents and 29cents respectively. TOP

Cotton price war continues

The spinners and ginners are not in a mood to give up on the price issue as most of the ginners have already met bank overdraft adjustment. The ginners are now setting their own selling prices. The war is still on between spinners and ginners as only 3,000 bales from Rahimyar Khan Areas were sold at Rs. 2,800 per mound. The textile sector has reduced its intake and is not going beyond export parity level as the daily business is on a decline. The present warm weather has stopped the pest attack on cotton plants and the entire sindh cotton belt has almost completed crop sowing and the early sown plants are progressing well in the warm weather. Because of this the official spot rates were not changed at all and were firm at the previous level.

New York cotton futures registered a decline of 0.65 to 0.40 cents per lb for both the ruling May and the Forward July contracts respectively. The talks of higher imports to take care of the local crop shortfall haven't made any difference to the present situation as ginners are not ready to budge. There is no immediate solution to this situation in sight and the standoff between spinners and ginners is likely to continue for some more time. TOP

Textile industry requests govt to increase R&D subsidy

Pakistan 's Textile industry demands 10 percent increase in R&D subsidy. Dr Shahzad Arshad, chairman of Pakistan Cotton Fashion Apparel Manufacturers and Exporters Associations, said here on April 17 that the government should increase research and development (R&D) subsidy for textile from six to ten percent for at least for two years, otherwise survival of the textile industry seems difficult. According to him, the government wants to reduce the R&D subsidy to textile industry from six to three percent. He demanded of the government to either increase the R&D subsidy to 10 percent or at least maintain it at present 6 percent level otherwise it would be impossible to run the industry.

The textile industry is earning about 76 percent of the foreign exchange. The government is neglecting the textile sector thus depriving the country of huge foreign exchange; he alleged. The government is paying 6 percent R&D subsidy to the readymade garments exporters and three percent to the exporters of fabrics. The exports of the readymade garments have declined by 19 percent due to the weak position of Pakistan in the world market against its regional competitors like Bangladesh ; he said. Readymade garments export stood at $106.590 million during January 2007 and at $132.260 million during December 2006 depicting a decrease of 19.41 percent or of $25.670 million; he said. TOP

Target of cotton production could not be achieved

Pakistan could not achieve the target of 13.816 million bales cotton production set for 2006-07; sources said here on April 17. Total production of 13 million bales has been recorded from 3.2 million hectares under cotton crop. There has been lower production due to 10 percent decline in the sown area in Sindh. Moreover, Mealy Bug and Cotton Leaf Curl Virus (CLVC) also affected the crop yield in some areas. According to Pakistan Cotton Ginners' Association, cotton arrivals as on April 1 were 12.384 million bales against 12.371 million bales reported on the same date last year. Seed-cotton arrivals from the Punjab province were 10,065,831 bales against 9,826,099 bales on April 1, 2006 and in Sindh 2,318,574 bales against 2,545,376 bales of last year.

Total 12,384,405 bales seed-cotton arrivals have been recorded in 2006-07 against 12,371,475 bales of 2005-06, indicating an increase of 0.10 percent. The Federal Committee on Agriculture in its meeting held last week fixed cotton production target for the next season (2007-08) at 14.14 million bales, to be sown on 3.25 million hectares, with an average yield of 740 kg per hectare. The share of the Punjab would be 11 million bales, Sindh 3 million bales and 0.14 million bales from NWFP. TOP

Banks feel textile units face crisis-like situation

Banks of Pakistan feel that the textile units face the crisis-like situation, and have started polite inquiries to assess the financial viability of certain textile units; one senior banker from a privatized bank, said here on April 15. Internal reviews have been started by banks to assess the magnitude of loss against their outstanding loans to the textile industry besides initiating unnoticed inquiries about the financial positions of certain mills. However, the severity of the situation has not reached the level of the 1992 crisis, when banks suffered heavily.

An official of the All Pakistan Textile Mills Association (APTMA) said that they are receiving telephone calls from banks showing interest in the financial stability of certain units. According to him, the weaker units were likely to collapse soon. The banks which have extended long-term loans against machinery would suffer more. But those banks which have restricted themselves to the working capital would be in a better position, as they are planning to curtail their limits immediately. Moreover, majority of the limits are given against pledging cotton. Therefore no big risk is involved in such financing. There is a general consensus among the bankers that units set up during last four years were highly vulnerable. TOP

Transparency in land allotment vowed

The land mafia would not be allowed to get land leased in the proposed textile city and vowed to allocate land through transparent process; CEO Pakistan Textile City Ltd, Zaheer A. Hussain said here during the meeting with textile industrialists at PHMA House on April 13. He apprised that a labor colony on a 500-acre plot would be built nearby. Negotiations with the utility providers were underway to fix them on reasonable rates for the textile industry. Regarding relief on the utility charges, he said that imposition of utility charges was not by the administration; however, the government was holding talks in this regard with various utility providers to fix reasonable rates for the industries.

Zaheer reiterated that the government would leave no stone unturned to foil attempts by the land-grabbers vigorously making efforts to lease land in the textile city pretending as an industrialist. He maintained that the idea behind the textile city was not to earn profit, but to promote industries and make the project successful. He pledged to provide one-window facility to industrialists for depositing utility charges. Establishment of a bus route to the textile city was under consideration. However he admitted that no in-depth study on it so far has been done.

Saleem Parekh, Chairman PHMA S/B zone, expressed his view during the meeting pertaining to hosiery manufacturing its growth and export ratio. He apprised that value-added industry was badly suffering due to various reasons, which put a negative impact on its growth and export when other regional countries were thriving. TOP

APTMA suggests members to cut investments in textiles

All Pakistan Textile Mills Association (APTMA) told members to cut investments in textiles, anticipating one of the worst power shortage crises in the country; sources said here on April 11. All the companies are avoiding further investments and have been guided to discontinue manufacturing and export activities in textiles and garment sectors. APTMA members anticipate one of the worst power shortage crises in the country, soon. APTMA approached the Government on this issue, but to no avail, which has compelled them to advise its members against additional investments in the sectors.

Experts have gone a step further in recommending enterprises to offer their factories to global buyers, which may help them to survive and sustain. Association insists that all mills in the vicinity of city areas and those in the suburbs be transformed into fisheries or livestock units, for better opportunities. TOP

Gulshan Spinning Mills registers impressive growth

Sales and production of Gulshan Spinning Mills Limited registered impressive growth during FY07; company sources said here on April 12. However, profitability remained low despite higher gross profit and gross profit margin. The company is one of the constituent members of a large conglomerate whose other associates are Gulistan Textile Mills Ltd, Gulistan Power Generation Ltd, Gulistan Spinning Mills Ltd, Gulistan Fibers Ltd, Gulshan Weaving Mills Ltd, Paramount Spinning Mills Ltd etc.

Despite lower profit the company announced bonus stock dividend. The company directors advocated that the textile industry of Pakistan desperately needed subsidies/incentives in the form of reduced gas rates, no import duty on textile machinery and spares, suspension of all taxes/levies on export. They also asked for reduced mark up on short term financing for the purchase of cotton to make themselves competitive in international market which will enable them to earn precious foreign exchange for the country.

Gulshan Spinning Mills Ltd was incorporated as a public limited company in the province of Sindh , under the Companies Ordinance 1984. It's primarily engaged in the manufacturing and sales of yarn. Its manufacturing facilities are located at three places in the province of Punjab . Unit No I is located in District Vehari at Tibba Sultanpur, Unit II is situated in District Kasur at Jumber Khurd Tehsil Chunian and the third unit is in District Sheikhupura at Warburton. TOP