Global Textiles & Apparels - Daily E-Paper Global Textiles & Apparels E-PAPER - (26 July 2018 | Page 3

www.gtanews.in STATEMENT -I Associations & Company affairs 03 Global Textiles & Apparels, Mumbai , 26 July 2018 Prices of Raw Cotton for the week ending 30/06/2018 Variety Cotton Production and Exports New Delhi: The Cotton Advisory Board (CAB) has estimated that during the current cotton season of October, 2017 to September, 2018, the export of cotton from India is likely to increase by 20% over last year and is expected to touch 70 lakh bales by September, 2018. From October, 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales. Month Domestic Prices (S-6 Variety) in Rs./ Candy CAB has estimated that the cotton production for the current cotton season will be 370 lakh bales. Domestic prices of cotton are ruling below the International cotton prices. Details of domestic sale prices of the representative variety of S-6 cotton vis-à-vis International prices of its equivalent variety as follows: International Prices (Cotlook A ) in USC/lb Conv. in Rs/candy Variation between domestic and International prices Current Last Last Last Raw Cotton Price List, Source : TXC, MUMBAI Week Week Price (Rs. Per kg.) 125.98 125.98 119.23 100.11 89.42 85.77 75.92 80.99 101.79 99.26 92.80 93.92 110.23 108.26 101.51 104.89 106.86 104.82 97.37 94.98 J-34 SG (P/H/R ICS-202) 26mm 129.35 127.66 119.79 119.79 H-4/MECH-1 (P/H/R ICS-105) 28mm Shankar-6/shankar-4 (Guj.ICS-105) 29mm Bunny/Brahma (M/M/A/K ICS- 105)30mm 130.48 129.35 121.76 122.04 132.16 131.32 120.92 119.51 133.57 130.76 122.60 121.48 131.39 129.77 121.27 120.71 140.60 135.82 128.51 128.79 172.94 167.88 158.88 156.07 Average 156.77 151.85 143.70 142.43 Wt. Avg Price of Raw Cotton 123.38 121.11 113.14 111.63 JAYADHAR (KAR ICS-103) 23mm Y-1 (M/M ICS-104) 24mm Average 78.68 40126 -4.13% November, 2017 37462 80.39 40921 -8.45% December, 2017 39296 85.58 43113 -8.85% January, 2018 41084 90.91 45350 -9.41% February, 2018 40061 88.27 44568 -10.11% March, 2018 40846 92.07 46947 -13.00% April, 2018 41172 92.13 47414 -13.16% May, 2018 42246 94.45 50009 -15.52% EXTRA LONG (32 & ABOVE) June, 2018 46265 97.71 51943 -10.93% MCU-5 (A/K/T/O ICS-106) 32mm 47192 94.40 50845 -7.18% LONG (26.0 TO 30.0 mm) Average DCH - 32 M(P)/K/T ICS-107 34mm Source: Domestic Prices: Cotton Association of India (CAI); International Prices: Cotlook Source :Cotton Association of India. PET Bottle Flakes into Polyester Yarn Mumbai: Dr. Amarasinghe said that BPPL is planning to invest around Rs.1-1.5 billion in another state-of-the-art yarn production plant at the same premises expanding production to meet local as well as to meet export demand. Meanwhile, BPPL expects to double the used PET bottle collection to 400 tonnes per month within the next 12 months. According to Dr. Amarasinghe, BPPL collects nearly 200-250 tonnes of PET waste amounting to approximately 20 percent virgin PET imports into Sri Lanka. The polyester yarn plant is also equipped to produce recycled yarn, which is considered a niche segment with a good growth potential. The facility will manufacture polyester yarn from recycled Polyethylene Terephthalate (PET) bottle flakes. BPPL also had earlier invested in Rs.200 million bottle- washing plant at the same premises and it has also installed a water treatment plant where used water is treated and re-used with only 5 percent of water being discharged. According to the latest BPPL annual report, it had secured a term loan to the value of Rs.536.34 million from HSBC and another to the tune of Rs 40.65 million from HNB for the yarn plant and machinery. Dr. Amarasinghe said the newly launched polyester yarn production plant can produce 15 percent of the polyester yarn demanded by the local apparel industry. However, with the yarn plant in the pipeline, he said BPPL will significantly increase yarn production for the local apparel sector in future. By sourcing polyester yarn from Sri Lanka, fabric manufacturers can significantly reduce lead times and also lower inventory costs. According to BPPL, the polyester yarn of 10 recycled PET bottles is sufficient to make a t-shirt. The BPPL has targeted the fabric mills of industry leaders such as MAS, Hirdaramani, Brandix as well as Hayleys while it is also looking at exporting to countries such as Taiwan. A wholly owned subsidiary of BPPL Holdings Ltd (BPPL), Eco Spindles, inaugurated Sri Lanka’s first ever polyester yarn plant at Horana Export Processing Zone with a Rs.800 million investment. Year Current 23/06/2018 Last Week last Month 24/06/2017 Last Year 30/06/2018 26/05/2018 Bengal Deshi(RG) P/H/R ICS-101 Below 22mm V-797 (Gujarat ICS-102) 22mm 38468 (Upto 14.07.2018) Month MEDIUM (20.0 - 24.0mm) October, 2017 July, 2018 Price (Rs. 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