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CAI Production Forecast Is Low And Cotton Planting In Central India Is Delayed
As of the end of May, the cumulative market volume of Indian cotton in this year was close to 5 million tons of lint. AGM statistics show that as of June 4th, the total market volume of Indian cotton in this year was about 3.5696 million tons, which means there are still about 1.43 million tons o...Read more -
Vietnam’s Textile And Clothing Exports Decreased By 18% From January To April
From January to April 2023, Vietnam’s textile and clothing exports decreased by 18.1% to $9.72 billion. In April 2023, Vietnam’s textile and clothing exports decreased by 3.3% from the previous month to $2.54 billion. From January to April 2023, Vietnam’s yarn exports decreased ...Read more -
US Good Export Demand Delayed New Cotton Planting
The average standard spot price in the seven major domestic markets in the United States is 79.75 cents/pound, a decrease of 0.82 cents/pound compared to the previous week and 57.72 cents/pound compared to the same period last year. That week, 20376 packages were traded in the seven major spot ma...Read more -
SIMA Calls On The Indian Government To Waive 11% Cotton Import Tax
The South Indian Textile Association (SIMA) has called on the central government to waive the 11% cotton import tax by October this year, similar to the exemption from April October 2022. Due to inflation and declining demand in major importing countries, the demand for cotton textiles has sharpl...Read more -
Indian Industry Organizations Call For An Increase In Duty-Free Import Quotas For Australian Cotton
Recently, a delegation led by the Australian Cotton Merchants Association visited the Indian textile cluster and stated that India has already used up its quota for duty-free imports of 51000 tons of Australian cotton. If India’s production continues to fail to recover, the space for import...Read more -
Cotton Yarn Prices Continue To Decline In Southern India, And The Market Still Faces Challenges Of Declining Demand
The cotton yarn market in southern India has been facing serious concerns about reduced demand. Some traders reported panic in the market, making it difficult to determine current prices. The price of Mumbai cotton yarn has generally dropped by 3-5 rupees per kilogram. The fabric prices in the we...Read more -
Weak Demand For Cotton Yarn In Northern India, Cotton Prices Falling
The demand for cotton yarn in northern India remains weak, especially in the textile industry. In addition, the limited export orders pose a significant challenge to the textile industry. The price of Delhi cotton yarn has dropped by up to 7 rupees per kilogram, while the price of Ludiana cotton ...Read more -
In April, US Clothing And Home Furnishings Sales Slowed Down, And China’s Share Fell Below 20% For The First Time
Slowing retail sales of clothing and home furnishings According to the data of the United States Department of Commerce, the US retail sales in April this year increased by 0.4% month on month and 1.6% year on year, the lowest year-on-year increase since May 2020. Retail sales in the clothing and...Read more -
Cotton Prices In Northern India Have Declined, And Polyester Cotton Yarn Has Also Declined
The trading price of cotton in northern India fell. The price of cotton in Haryana State has declined due to quality concerns. The prices in Punjab and Upper Rajasthan have remained stable. Traders have stated that due to sluggish demand in the textile industry, textile companies are cautious abo...Read more -
Brazil’s Sporadic New Cotton Harvest Has Been Completed, With Lower Cotton Prices Stimulating Better Transactions
From the perspective of the growth progress of new cotton, according to the latest survey data from the Brazilian National Commodity Supply Company (CONAB), as of mid May, about 61.6% of cotton plants were in the fruiting stage, 37.9% of cotton plants were in the boll opening stage, and sporadic ...Read more -
Will The Massive New Regulations To Be Implemented In Europe And America Have An Impact On Textile Exports
After nearly two years of negotiations, the European Parliament officially approved the EU Carbon Border Regulation Mechanism (CBAM) after voting. This means that the world’s first carbon import tax is about to be implemented, and the CBAM bill will come into effect in 2026. China will face...Read more -
US Clothing Imports Decreased By 30% In The First Quarter, And China’s Market Share Continued To Decline
According to the statistics of the United States Department of Commerce, in the first quarter of this year, the US clothing import volume fell 30.1% year on year, the import volume to China fell 38.5%, and the proportion of China in the US clothing import fell from 34.1% a year ago to 30%. From t...Read more
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