Rupee strengthened by 15 paise against dollarThe rupee strengthened by 15 paise to close at Rs 81.76 against the dollar this evening.Sensex up 170 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 60300.58 points with a gain of about 169.87 points.On the other hand, the Nifty closed at a level of 17813.60 points with a gain of 44.30 points.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Appeal-maharashtra-agriculture-department
Appeal of Maharashtra Agriculture Department: Farmers should not buy and plant HTBT cotton seedsThe Agriculture Department and the Police Department are keeping a close watch on the sellers of HTBT seeds. Bogus companies, unlicensed unauthorized HTBT cotton seeds are likely to be surreptitiously supplied to the market. Some people refer to such unauthorized seeds as herbicides Bt, R-RBT and BTBG-3. These illegal seeds are not recognized by the government. Farmers should not get misled by such unauthorized companies.This appeal has been made by Ravi Shankar Chalwade, Superintendent Agriculture Officer of Nanded district. He said that HTBT seeds should not be bought and those seeds should not be planted in the fields. It is an offense to sell, possess and store illegal seeds. Technical analysis of HTBT gene will be done on leaf samples of cotton plants planted with such unauthorized seed cotton. If HTBT gene is found after sample test, action can be taken against the concerned. The Agriculture Department and the Police Department are keeping an eye on those selling HTBT seeds. Therefore, instructions have been given by the Agriculture Department not to try to sell these seeds.Threat to the health of farmers and agricultural laborersFarmers should not fall for the greed and allurement of fake companies, private agents, private individuals for sale of unauthorized seeds. Glyphosate herbicide has carcinogenic properties and its excessive use can cause diseases like cancer to human health. Excessive use of glyphosate herbicide ends the fertility of the land and no crop can be grown in that land in future. As a result, the land will become barren and the health of all the farmers and agricultural laborers will be in danger. Also, the central government has recommended the use of glyphosate herbicide on non-crop land and tea gardens.Notified seeds should be purchased from an authorized dealer with receiptGlyphosate is an herbicide that cannot be used on other crops. To prevent the cultivation of unapproved HTBT cotton and prevent damage from excessive use of glyphosate, which has carcinogenic properties, only authorized Bt cotton seeds should be purchased from authorized seed sales license holders and by an authorized company Must be produced that guarantees quality and quality. To avoid fraud, farmers should purchase notified seeds from authorized dealers against receipt. The District Agriculture Superintendent has informed through a press release that if fake companies, private agents are motivating to buy unauthorized Bt seeds, then the information should be given to Taluka Agriculture Officer, District Superintendent Agriculture Officer, Zilla Parishad Agriculture Department.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Over-businesses-shut-down-vietnam-drop-orders-clothing-manufacturing-optimistic
Over 1,300 businesses shut down in Vietnam due to 70-80% drop in orders In the first quarter of 2023, Vietnam's clothing and footwear orders will drop by 70% to 80%. According to the Vietnam Textile and Apparel Association, in March 2023, Vietnam's textile and apparel exports reached about 3.298 billion US dollars, an increase of 18.11% month-on-month and a decrease of 12.91% year-on-year. In the first quarter of 2023, Vietnam's textile and apparel exports reached US$8.701 billion, a year-on-year decrease of 18.63%, mainly due to a decrease in the number of orders.In 2022, Vietnam was one of the hotspots in global economic development with a GDP growth rate of 8.02%. However, in the first quarter of 2023, Vietnam's economy has suddenly hit the brakes. The latest data shows that in the first quarter of 2023, Vietnam's total import and export volume of goods reached nearly US$154.27 billion, a year-on-year decrease of 13.3%, of which exports The year has decreased by 11.9%.Manufacturing data was also not optimistic. On April 3, the Vietnam Manufacturing Purchasing Managers' Index (PMI) released by S&P Global for March was 47.7, down from 51.2 in February, and was below 50 for the fourth time in the past five months. According to a report by the Vietnam Textile and Apparel Association, Vietnam's textile export orders in the first quarter of 2023 will decline by 25-27% year-on-year.In response to the decline in orders, many Vietnamese textile and apparel enterprises have reduced their operating rates, causing a large number of workers to lose their jobs. The industry expects this decline to continue till at least the third quarter of 2023. Nevertheless, the Vietnam Textile and Garment Association still set an export target of US$46 billion in 2023, only if the economy improves and consumption in prime.
Pakistan government is taking steps to revive cottonAgriculture secretary gives final shape to cotton revival plan in PakistanThe cotton crop is important to the country's economy. The government is taking vigorous steps to revive cotton. This year the support price of cotton has been fixed at Rs 8500 per 40 kg, which will benefit cotton farming.These views were expressed by Pakistan's Punjab Agriculture Secretary Iftikhar Ali Shahu while presiding over a meeting held in Lahore to prepare a plan for approval of cotton rehabilitation. Speaking on the occasion, Director General Agriculture (Extension & AR) Dr. Anjum Ali explained the reasons for the decrease in cotton production during the previous years. The strategy to increase the area and production of cotton cultivation was finalized in the meeting.Speaking on the occasion, Iftikhar Ali Shahu said that there is a need to make research and development more effective and productive so that the harmful effects of climate change and pest attack can be reduced. He said that the Punjab Government was continuing the subsidy of Rs.1200 per bag on certified seeds of selected approved varieties of cotton. Along with this, for the control of harmful insects of cotton, bio cards will be made available to the farmers through the bio lab established in Punjab.Secretary Agriculture Punjab directed to make use of print, electronic and digital media to make the ongoing cotton campaign fruitful so that the farmers can be made aware about the modern production techniques of cotton. He stressed on the coordination and active role of various departments of Agriculture Department to increase the production of cotton per acre.
Cotton's position in Türkiye's economy strengthened in 2022-23The contribution of the domestic textile industry to Turkey's economy has increased rapidly. Despite very hot and dry climatic conditions in the 2022/23 season, it is predicted that the high field yields of the previous season could be largely maintained.According to the '2022 National Cotton Council Cotton Sector Report', domestic cotton raw materials worth $864 million were processed into textile and apparel in 2021 from the main product 'fiber cotton' alone. Cotton further strengthened its position in the Turkish economy in the 2022/23 season. The area under cotton cultivation in Turkey reached 550 thousand hectares in the 2022/23 season.Analysis of Türkiye's Cotton Production and Status in the Last Five SeasonsWith the improvement in the 2021/22 season, increased to 432 thousand hectares. In the 2021/22 season, from 2 million 250 thousand tons of cotton stumps produced, about 833 tons of fiber cotton, 993 thousand tons of cotton seed and 149 thousand tons of edible oil and 695 thousand tons of feed meal were obtained, while many industries, in particular 149 thousand tons of lint and 150 thousand tons of cotton waste were offered for use in medical equipment and cosmetics.As a result of a further improvement in the balance sheet in the same season, the areas under cotton cultivation increased further, reaching 550 thousand hectares in the current 2022/23 season. Turkey's cotton consumption is estimated to increase to 1 million 649 thousand tons in the 2022/23 season with increased demand following the global pandemic.While 80 percent of world cotton is exported by 6 major exporting countries (USA, Brazil, Australia, India, Greece and West African-CFA countries: Mali, Benin, Burkina Faso), 70 percent of world cotton is imported by 5 Is. The major importing countries (China, Vietnam, Bangladesh, Turkey and Pakistan), Turkey ranks fourth in the ranking. Thus, China, India, Pakistan and Turkey form a special competition group as the four major cotton countries which are distinct in both production and consumption.cotton policiesA network should be established that provides rapid and reliable estimation of yield on the basis of areas and parcels of cotton cultivation using satellite technologies. Cotton planting forecast should be done by integrating with TIKAS with parcel definitions obtained from ÇKS and land registry records.With regard to sustainability and raising awareness, “a national agricultural sustainability strategy should be defined and promotion, R&D, training and extension activities and investments should be carried out in accordance with this strategy.A cotton sustainability standard should be formulated and this standard should be integrated with other national standards such as Good Agricultural Practices (ITU), GMO-free Turkish Cotton Guaranteed Brand standard and international standards such as BCI and mechanisms to implement and supervise this standard should be established NeededFarmers producing organic cotton and under the purview of Improved Cotton Practices (IPUD) should be supported by way of bonus, contribution to certification expenditure, etc."
Aadhaar authentication required to avail cotton MSPAs per the notification issued by the Central Government, the Cotton Corporation of India requires farmers selling cotton at the Minimum Support Price (MSP) to submit unique identification, Aadhaar. Some states like Tamil Nadu have already implemented Aadhaar submission by farmers to avail MSP or incentives for paddy. It may be noted that the MSP of medium staple cotton for Kharif season 2022-23 is Rs 6,080, while that of long staple cotton is Rs 6,380.According to an April 17 notification issued by the Ministry of Textiles, "a person eligible to receive benefits under the scheme will be required to possess an Aadhaar number or undergo Aadhaar authentication." Further, it is mentioned that it shall come into force from the date of its publication in the Official Gazette in all the States and Union Territories.According to the notification, the use of Aadhaar as an identity document for delivery of services or benefits or subsidies simplifies government delivery processes, brings transparency and efficiency, and enables beneficiaries to directly access their entitlements in a convenient and seamless manner. enables. Several documents have to be presented to prove your identity. The Ministry of Textiles is conducting the procurement of seed cotton by the Cotton Corporation of India Limited with the objective of providing MSP if it falls below the MSP.If the farmer does not have Aadhaar but has applied, he/she needs to submit the Aadhaar Enrollment Identification Slip along with any identification document. These documents include a bank or post office passbook with photograph, Permanent Account Number (PAN) card, passport, voter ID card, driving license, or certificate of identity issued by a Gazetted Officer or Tehsildar on an official letterhead.In cases where Aadhaar authentication fails due to poor biometrics of the beneficiaries or any other reason, the notification has also suggested remedial mechanism. Accordingly, in case of poor fingerprint quality, iris scan or face authentication feature will be adopted for authentication. If biometric authentication through fingerprints or iris or facial authentication is not successful, authentication by Aadhaar OTP will be offered. In cases where biometric or Aadhaar OTP authentication is not possible, the benefit under the scheme may be given on the basis of physical Aadhaar letter, the authenticity of which can be verified through the Quick Response (QR) code printed on the Aadhaar letter.
Research on good quality cotton seed in Pakistan Agriculture experts in Pakistan have identified the shortage of certified cotton seeds in Sindh and the sale of substandard seeds by private companies as the main reasons for losses related to the cotton crop, and have called for a dialogue between institutions to produce good quality cotton seeds. Cooperation is said to be indispensable. Under the aegis of the Seed Production and Development Center (SPDC), the Vice-Chancellor of Sindh Agricultural University (SAU) inaugurated an experimental field for the production and expansion of cotton varieties, for the development of which an agreement has been signed with United Bank Limited (UBL). The agreement was signed. Speaking at the inaugural function, SAU Vice-Chancellor Dr. Fateh Marri said that cotton was the crop that was most affected by the recent floods, which caused billions of rupees in losses to farmers in Sindh. Farmers are facing shortage of certified cotton seeds during the current season.He said that to tackle the problem, SAU in collaboration with UBL is doing research on certified cotton and wheat seeds. About 80 percent of the cotton seed requirement in the province is being met by private companies, most of which are unregistered companies, that buy cotton seed from cottonseed factories and sell it without processing, causing irreparable loss to cotton farmers.Dr. Fateh Marri said that his university has developed a new variety of cotton named SAU-1, which is in the registration stage and research work is going on in collaboration with UBL to meet the shortage of quality certified cotton and wheat seeds. Used to be.SPDC Director Prof. Zahoor Ahmad Soomro said that more productive and disease-resistant seeds will be produced through the research sector, after which the farmers of the state will be able to get rid of substandard seeds.Renowned agricultural breeder Karam Khan Kaleri said that SAU has taken important steps in the field of wheat and cottonseed. Institutions will have to make joint efforts to reduce the agrarian crisis, especially with regard to seeds.Dr. Shahnawaz Marri, coordinator of the project, said that apart from experts, university graduates are also involved in the research work. By the end of the project, they will emerge as a trained force for propagation of new seeds.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Evening-dollor-against-reupee-closing-market-nifty-sensex
Rupee weakens by 1 paise against dollarThis evening, the rupee closed at Rs 81.91 against the dollar with a weakness of 1 paise. Sensex closed up 75 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 60130.71 points with a gain of about 74.61 points.On the other hand, the Nifty closed at the level of 17769.30 points with a gain of 25.90 points.
Rupee strengthened by 19 paise against dollarThe rupee strengthened by 19 paise to close at Rs 81.90 against the dollar this evening.Sensex closed up by 401 pointsToday the stock market closed with a boom.Today, where the Sensex closed at the level of 60056.10 points with a gain of about 401.04 points.On the other hand, the Nifty closed at a level of 17743.40 points with a gain of 119.40 points.
Traders estimate, there will be cotton boom in the mandis in the coming few weeksTraders in Maharashtra estimate that farmers will bring cotton in bulk in the next two to three weeks. The signs of farmers running out of cotton are now visible. Farmers who are expecting a rise in prices but cannot wait much longer are selling cotton. The price in Amravati market committee is Rs 8050 to 8100 per quintal.Cotton prices were under pressure in the month of March. Farmers who had no option but to sell cotton, sold it till March. But knowing that the farmers could not wait much longer, the traders kept the prices down in the market.Meanwhile, farmers increased sales as they felt prices were not rising. But when it was realized that farmers with storage capacity would not sell cotton unless the price was increased, the price was raised. Still, it is estimated that 20 to 25 percent cotton is left with the farmers.Three crore bales have been produced in the country. According to this, now 60 lakh bales of cotton are left with the farmers. If the farmers of Maharashtra are to be believed, they have 20 per cent stock left. It is estimated that 775 lakh quintals of cotton is left for 15 lakh bales. Needy farmers will sell cotton for Kharif. Big farmers will keep stock in anticipation of price rise.Cotton arrivals marginally increased in the market last week due to marginal correction in prices. Now traders are estimating how much cotton is left with the farmers. The prospects of a price rise have turned a bit hazy. Cotton season is in its last leg, so the market remains volatile at this time. But the price has closed at an average of eight thousand rupees.The Cotton Association of India has predicted that the state will produce 78 lakh bales of cotton this year. Last month's production was estimated at 80 lakh bales. It has subsided now.The average price of cotton in March and April last year was Rs 9,300 per quintal. At some places this rate went up to 10,000. Cotton is yet to get that price this year. This is what farmers were expecting this year, but the fluctuating prices have started confusing them.
Textile units in Gujarat rapidly shifting to polyester, viscoseLast year, the textile sector saw a mix in cotton and now many players in the value chain have moved to polyester and viscose. High cotton prices have hurt the textile industry so much that industrialists are looking for alternative avenues for business. Many garment manufacturers in Ahmedabad are shifting towards polyester and viscose fabrics. Market sources say that cotton textile units need to make only minor changes to start manufacturing polyester and viscose.more volatility in pricesAccording to industry estimates, less than 5% of textile companies that were solely in cotton have adopted the man-made fiber. Last year, cotton prices had touched a record high of Rs 1.10 lakh per candy (356 kg). This year the prices have come down to an average of Rs 60,000 per candy. Experts say, the recent estimates by Cotton Association of India (CAI) indicate lower crop production and hence there will be more volatility in cotton prices.no other optionDhruv Patel, Managing Director, Diamond Textile Mills Pvt Ltd said, “For over five decades we had a cotton textile business with integrated spinning, weaving and processing facilities. For the last nine months, we have completely shifted to polyester yarn and viscose. We get fiber, manufacture yarn and weave it into fabric. We are also supplying yarn to manufacturers in Surat. Due to high cotton prices, we had no option but to turn to polyester and viscose. We have not completely exited the cotton business, but feel that the time is not right for cotton and hence we have decided to diversify.customer demandP R Kankaria, Chairman, Kankaria Textile Industries Pvt Ltd said, “Our core business is cotton fabric processing but the high cotton prices last year taught us many lessons. A section of our customers demand polyester and viscose, which are cheaper. We started sourcing polyester from Surat and viscose from South India. Polyester, viscose and rayon are part of our portfolio this year and we also managed to bag export orders from China. We have started printing shirting fabric, dress material for ladies and home textile in viscose. “We buy gray fabric from Surat, which is not a huge cost, and process it here.”Blend of polyester up to 65%"Gujarat is a hub for cotton textiles, but last year more than 5% of its cotton capacity has been replaced by polyester and viscose," said Saurin Parikh, president of the Spinners' Association Gujarat. Akash Sharma, director, Aakash Fashion Pvt Ltd, said, “We started polyester and viscose printing three years back. We used to be into 100% cotton, but blending has started of late. Blending up to 65% polyester as it is at least 25% cheaper than pure cotton. Earlier we used to print 1.2 million meters of cotton shirts every month, however, the capacity utilization has come down due to higher cotton prices. Now we print seven lakh meters of blended shirting fabric, whereas our pure cotton shirting fabric volume is only one lakh meters in a month.”
Confusion over Indian cotton production, stakeholders estimate total production at 337.23 lakh bales The Committee on Cotton Production and Consumption (CCPC), a government-constituted body comprising all stakeholders of the textile industry including farmers, has estimated cotton production for the current season till September at 337.23 lakh bales (170 kg each). The projection of the CCPC headed by the Central Textiles Commissioner on Thursday is against the estimated 341.91 lakh bales in November last year.“There are various estimates of cotton crop rounding, but the CCPC estimate reflects the reality,” said a business source in a multinational company (MNC). As per CCPC estimates, the area under cotton this season is over 130.49 lakh hectare (LH) and the yield is estimated at 439.34 kg/ha. In the last season, cotton was cultivated in 119.10 lakh hectares and the productivity was 445 kg/ha.Production in the northern region including Punjab, Haryana and Ganganagar areas of Rajasthan is estimated at 47.25 lakh bales (44.44 lakh bales a year ago). The production in the central region of Maharashtra, Gujarat and Madhya Pradesh is estimated at 184.16 lakh bales (160.20 lakh bales). The southern region formed by Telangana, Tamil Nadu, Andhra Pradesh and Karnataka is estimated to produce 98.30 lakh bales (100.85 lakh bales). 7.52 lakh bales (6.54 lakh bales) are expected to arrive from other parts of the country.The problem with crop estimates this year is that people have gone by the earlier trend of market arrivals. We are passing through an unusual year when farmers have withheld their produce. He had never done this before in Karnataka and Maharashtra. According to the Southern India Mills Association (SIMA), farmers and traders have withheld cotton this year due to a shortage in the availability of the raw material. This year, farmers have not been able to get more than Rs 9,000 per quintal, though they are above the minimum support price of Rs 6,080. Currently, the model price (the rate at which most of the trades take place) is hovering around ₹8,000.According to agriculture ministry data, cotton arrivals in the country during March 1 to April 21 stood at 33.72 lakh bales, as against 22.45 lakh bales in the same period a year ago. “If the cotton production forecasting agencies were allowed to control market conditions, we would not have had such confusion,” said an expert in the textile industry in the southern region. CAI's forecast of a 14-year low crop has pushed cotton futures on MCX up to ₹64,020 per candy (356 kg) for delivery in June. The spot price of Shankar-6 cotton, a benchmark for exports, is currently quoted at ₹63,000 per candy. The price has gained more than ₹2,500 this week.In the global market, cotton for May delivery was trading at 79.05 cents per pound (Rs 51,350 per candy) on the Intercontinental Exchange in New York. This has resulted in Indian cotton enjoying a premium and in turn hurting its export prospects. The US Department of Agriculture has forecast India's cotton production to fall to a 19-year low this year.
Rupee strengthened by 6 paise against dollarThe rupee strengthened by 6 paise to close at Rs 82.09 against the dollar this evening.Today the stock market closed with a boom.Today, where the Sensex closed at a level of 59655.06 points with a gain of about 22.71 points.On the other hand, the Nifty closed at a level of 17624.00 points with a fall of 0.50 points.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Good-child-news-labor-eliminated-Telangana%27s-almost-cotton-fields-international-labor-organzation
Good news: child labor almost eliminated in Telangana's cotton fieldsAfter three years of persistent advocacy-cum-awareness campaigns for child labor eradication, jointly organized by the International Labor Organization (ILO)'s 'Fundamental Principles and Rights at Work in Cotton Supply Chain' project and Telangana, the results showed That the involvement of child labor in this supply chain has disappeared. According to state government officials, several reports have also indicated positive results of invisible child labor in the cotton fields.Labor Additional Commissioner E Gangadhar said the project was implemented in the four major cotton districts of Nalgonda, Warangal Rural, Adilabad and Adilabad. “I can confirm that we almost do not see child labor in cotton fields in these regions. Maharashtra, Gujarat, Haryana, Karnataka, Rajasthan, Andhra Pradesh, Madhya Pradesh, Punjab and Telangana are the major cotton producing states and Telangana alone is the country It accounts for about 15% of the total cotton growing area of India.According to data from the Periodic Labor Force Survey (PLFS) 2018-19, there are mainly three types of labor in cotton cultivation in Telangana – own cultivation, family labor and casual labor (which constitute 46 per cent of the state's majority workforce). In addition, the proportion of women under 18 in casual labor is higher than that of men.According to studies, children under the age of 18 working in cotton fields cite a variety of reasons, with a majority (83.9 percent) citing the need to supplement family income, followed by fewer farmers. Age is a priority for labor. Lack of supervision and absenteeism by school teachers for children working in cotton fields has also been cited as a reason. Other important reasons for teenagers below 18 working in cotton fields include advances taken from cotton farmers by elders in the family.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Vietnam%27s-exports-march-economy-projected-world-trade-organization-epidemic
Vietnam's exports fell 14.8% in MarchIn 2022, Vietnam's economy is projected to grow by 8.02% year-on-year, which exceeded expectations. But by early 2023, exports have shrunk, slowing economic growth. Vietnam is one of the world's largest exporters of clothing, footwear and furniture, but in the first quarter of 2023, Vietnam is facing "volatile and complex developments in the world economy".The deceleration in GDP growth was mainly due to a decrease in consumer demand. Overseas sales decreased 14.8% year-on-year in March, and exports fell 11.9% in the first quarter, a sharp turnaround from last year. In 2022, Vietnam's exports of goods and services are expected to be US$384.75 billion. Among them, merchandise exports were US$371.85 billion, up 10.6% over the previous year. Services exports were around US$12.9 billion, a year-on-year increase of 145.2%.The World Trade Organization predicts that global merchandise trade will grow by 1.7% in 2023. This growth is lower than the 2.7% growth rate expected in 2022 and below the average growth rate of 2.6% over the past 12 years. However, this figure was higher than the 1.0% forecast made in October last year.A key factor is the easing of China's epidemic control policy, which is expected to release consumer demand and in turn boost international trade. In the latest report, the WTO's forecasts for both trade and GDP growth are lower than their averages over the past 12 years (2.6% and 2.7%, respectively).👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Closed-sensex-market-strengthened-dollor-rupee-boom-nifty
Rupee strengthened by 8 paise against dollarThe rupee strengthened by 8 paise to close at Rs 82.15 against the dollar this evening.Sensex closed up by 65 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 59632.35 points with a gain of about 64.55 points.On the other hand, Nifty closed at 17624.50 points with a gain of 5.70 points.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Despite-negativity-textile-trade-global-International-textile-manufacturers-federation
Despite negativity, global textile trade hopes up: ITMFThe global textile industry is facing high production costs and low demand from June 2022. However, according to the 19th ITMF GTIS, the expectations of companies regarding the business environment in the six months from November 2022 are improving. Nevertheless, weak demand and inflation remain major concerns in the industry.bad situationGlobal trade conditions in the textile industry have been negative since June 2022 and are still getting worse. Companies across all segments across the world are facing a 'perfect storm' scenario with high production costs and relatively low demand. At the same time, according to the International Textile Manufacturers Federation (ITMF), companies' expectations for the business environment in six months from November 2022 are improving.'Weak demand' a major concernThere has also been a steady decline in order numbers since November 2021, mostly in line with the business situation trend. The rate of decline has however slowed down in March 2023 due to weak demand. 'Weak demand' in the global textile value chain from July 2022 has indeed been rated as a major concern and has grown in importance in the last survey. Inflation remains another major concern around the world.No orders canceled since 4 monthsThirty-three percent of 19th GTIS respondents did not cancel an order during the previous four months (down from 58 percent last January). The phenomenon is stronger in South America and affects spinners and weavers relatively more. Sixty-eight percent of respondents also rated inventory levels as average. The number of companies reporting high inventory levels is higher in Asia and Europe. Among segments, it is the highest for home textile producers.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Look-business-pakistan%27s-cotton-fiber-poyster-usman-naseem-market-sindh
A look at Pakistan's cotton business The local cotton market was upbeat on Wednesday with low trading volume. Cotton analyst Naseem Usman said that the price of cotton in Sindh is Rs 17 to 20 thousand per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.The spot price remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 375 per kg.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Weakens-rupee-dollor-against-evening-closed-rupee-sensex-market
Polyester companies in China under pressure from upstream and downstream sectors The polyester market has been suppressed by the downstream and upstream sectors since late March. As of April 13, the operating rate of both DTY plants and fabric mills in Zhejiang and Jiangsu fell to 65%, down 27% and 11% from previous highs. Polyester companies faced selling pressure when downstream plants were unwilling to buy with higher raw material prices.With cost and sales pressure, the polyester sectors also suffered obvious losses. The shortage of traditional POY and FDY was the most severe and the inventory of polyester products also started increasing. However, the polyester market is still highly flexible. The polyester polymerization rate only dropped to 87.8% by April 14, from an earlier high of 90.9% at the end of March. The all new polyester units produced PFY.Polyester companies faced difficulty in cutting production. On the one hand, small and medium-sized polyester companies have steadily reduced production. Factories also need to consider the issue of labor after production has come to a standstill. On the other hand, the leading companies do not appear to be as united as last year, with independent operations as per their status. Therefore, it would be difficult for them to discuss joint production cuts in the short run, even if they suffered losses.With feedstock futures moving strong on April 14, polyester companies were forced to cut prices to promote. Based on the spot raw material price on April 14, the loss of POY150D/48F exceeded 500 yuan/mt and the loss of FDY150D/96F exceeded 400 yuan/mt. Downstream buyers pushed up PFY's sell ratio, which stood at 300% as recently as April 14.After intensive replenishment on April 14, PFY stocks at DTY plants and textile mills may guarantee production till next week. Hence PFY sales are expected to remain low. The holiday plans of DTY plants and textile mills for the May Day holiday (April 29-May 3) next week should be highly concerned, as well as PFY sales at the end of April. Whether PFY plants will cut prices to re-promote amid a rising feedstock market, further observation is needed.Therefore, some market participants thought that inventory rather than losses in polyester companies was the most important factor influencing production cuts. The current inventory of PFY was reduced to only half that of 2022. In such a situation, some players have concluded that polyester companies cannot simply temporarily cut production when the inventory burden is not clear, at least not see a large-scale production reduction. The upstream feedstock market is optimistic again.Hengli Petrochemical announced that a 2,500kt/year PTA unit in Dalian will have a scheduled turnaround from mid-April 17. Buoyed by this news, PTA futures performed strongly. Polyester companies are more likely to face rising inventories in April, when operating rates at DTY plants and fabric mills fall sharply from March. The polyester industry is now facing a growing contradiction. How long polyester companies can survive amid losses and steady sales pressure needs to be watched further.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Weakens-rupee-dollor-against-evening-closed-rupee-sensex-market
चीन में पॉलीस्टर कंपनियां अपस्ट्रीम और डाउनस्ट्रीम सेक्टरों के दबाव से संकट में मार्च के अंत से डाउनस्ट्रीम और अपस्ट्रीम सेक्टरों द्वारा पॉलिएस्टर बाजार को दबा दिया गया है। 13 अप्रैल तक, झेजियांग और जियांगसू में डीटीवाई संयंत्रों और फैब्रिक मिलों दोनों की परिचालन दर गिरकर 65% हो गई, जो पिछले उच्च स्तर से 27% और 11% कम है। पॉलिएस्टर कंपनियों को बिकवाली के दबाव का सामना करना पड़ा जब डाउनस्ट्रीम प्लांट उच्च कच्चे माल की कीमत के साथ खरीदने के लिए तैयार नहीं थे।लागत और बिक्री के दबाव के साथ, पॉलिएस्टर क्षेत्रों को भी स्पष्ट नुकसान का सामना करना पड़ा। पारंपरिक पीओवाई और एफडीवाई की कमी सबसे गंभीर थी और पॉलिएस्टर उत्पादों की सूची भी बढ़ने लगी थी। हालांकि, पॉलिएस्टर बाजार में अभी भी अत्यधिक लचीलापन है। पॉलिएस्टर पोलीमराइज़ेशन दर केवल 14 अप्रैल तक घटकर 87.8% हो गई, जो कि मार्च के अंत में पहले उच्च 90.9% थी। सभी नई पॉलिएस्टर इकाइयों ने पीएफवाई का उत्पादन किया।पॉलिएस्टर कंपनियों को उत्पादन में कटौती करने में कठिनाई का सामना करना पड़ा। एक तरफ, छोटे और मध्यम आकार की पॉलिएस्टर कंपनियों ने लगातार उत्पादन घटाया है। उत्पादन ठप होने के बाद फैक्ट्रियों को मजदूरों के मुद्दे पर भी विचार करने की जरूरत है। दूसरी ओर, अग्रणी कंपनियाँ पिछले साल की तरह एकजुट नहीं दिख रही हैं, अपनी स्थिति के अनुसार स्वतंत्र संचालन के साथ। इसलिए, उनके लिए कम समय में संयुक्त उत्पादन में कटौती पर चर्चा करना कठिन होगा, भले ही उन्हें नुकसान उठाना पड़ा हो। 14 अप्रैल को मजबूत बढ़ते फीडस्टॉक वायदा के साथ, पॉलिएस्टर कंपनियों को प्रचार के लिए कीमतों में कटौती करने के लिए मजबूर होना पड़ा। 14 अप्रैल को हाजिर कच्चे माल की कीमत के आधार पर, POY150D/48F की हानि 500 युआन/mt से अधिक हो गई और FDY150D/96F की हानि 400युआन/mt से अधिक थी। डाउनस्ट्रीम खरीदारों ने पीएफवाई के बिक्री अनुपात को बढ़ाया, जो हाल ही में 14 अप्रैल को 300% पर कम हो गया था।14 अप्रैल को गहन पुनःपूर्ति के बाद, डीटीवाई संयंत्रों और कपड़ा मिलों के पीएफवाई स्टॉक अगले सप्ताह तक उत्पादन की गारंटी दे सकते हैं। इसलिए पीएफवाई की बिक्री कम रहने का अनुमान है। मई दिवस की छुट्टी (अप्रैल 29-मई 3) के लिए DTY संयंत्रों और कपड़ा मिलों की छुट्टी योजना अगले सप्ताह अत्यधिक चिंतित होनी चाहिए, साथ ही अप्रैल के अंत में PFY की बिक्री भी। बढ़ते फीडस्टॉक बाजार के बीच पीएफवाई संयंत्र फिर से प्रचार के लिए कीमतों में कटौती करेंगे या नहीं, इसके लिए अभी और अवलोकन की आवश्यकता है।इसलिए, कुछ बाजार सहभागियों ने सोचा कि पॉलिएस्टर कंपनियों में नुकसान के बजाय इन्वेंट्री उत्पादन कटौती को प्रभावित करने वाला सबसे महत्वपूर्ण कारक था। पीएफवाई की वर्तमान इन्वेंट्री 2022 की तुलना में केवल आधी रह गई थी। ऐसी स्थिति में, कुछ खिलाड़ियों ने यह निष्कर्ष निकाला कि पॉलिएस्टर कंपनियां आसानी से अस्थायी रूप से उत्पादन में कटौती नहीं कर सकती हैं, जब इन्वेंट्री का बोझ स्पष्ट नहीं है, कम से कम बड़े पैमाने पर उत्पादन में कमी नहीं दिखाई देगी। अपस्ट्रीम फीडस्टॉक मार्केट फिर से आशावादी हो गया है।हेंगली पेट्रोकेमिकल ने घोषणा की कि डालियान में एक 2,500kt/वर्ष की पीटीए इकाई का 17 अप्रैल के मध्य से निर्धारित टर्नअराउंड होगा। इस खबर से प्रभावित होकर, पीटीए वायदा ने जोरदार प्रदर्शन किया। पॉलिएस्टर कंपनियों को अप्रैल में बढ़ती इन्वेंट्री का सामना करने की अधिक उम्मीद है, जब डीटीवाई संयंत्रों और फैब्रिक मिलों की परिचालन दर मार्च में तेजी से गिरती है। पॉलिएस्टर उद्योग अब बढ़ते विरोधाभास का सामना कर रहा है। नुकसान और स्थिर बिक्री के दबाव के बीच पॉलिएस्टर कंपनियां कब तक झेल पाएंगी, इस पर अभी और निगरानी की जरूरत है।👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Mukable-kamjor-paise-repya-dollor-sham-sensex
| title | Created At | Action |
|---|---|---|
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| Vietnam's exports fell 14.8% in March | 21-04-2023 12:09:49 | view |
| Rupee strengthened by 8 paise against dollarS | 20-04-2023 16:24:20 | view |
| Despite negativity, global textile trade hopes up: ITMF | 20-04-2023 12:18:22 | view |
| A looks at Pakistan's cotton business | 20-04-2023 11:38:29 | view |
| Polyester companies in China under pressure from upstream and downstream sectors | 19-04-2023 18:03:41 | view |
| चीन में पॉलीस्टर कंपनियां अपस्ट्रीम और डाउनस्ट्रीम सेक्टरों के दबाव से संकट में.. | 19-04-2023 18:00:27 | view |
