FW
Cotton futures extended their rebound after the US raised above 9m bales its forecast for the top in world stocks this season, as it downgraded Chinese and Pakistani harvests to multi-year lows. Cotton futures for March closed 0.1per cent higher at 61.41 cents a pound in late deals in New York, achieving their first back-to-back winning sessions of 2016.
The increase followed the downgrade by the US Department of Agriculture, in its much-watched monthly Wasde report on world crop supply and demand, of 1.5m bales to 102.9m bales its forecast for world stocks at the close of 2015-16. The cut to stocks expectations reflected weakened estimates for output both in China, now seen tumbling by 6.20m bales to a 15-year low of 23.8m bales after a subsidy rejig, and in Pakistan.
The Pakistan crop was downgraded by 800,000 bales to a 17-year low of 7.20m bales, with falling arrivals of cotton at gins indicating "more extensive whitefly damage than previously expected", the USDA said, adding, "Yields are reported at record low levels due to widespread whitefly and cotton leaf curl virus infestations with continued reports of significantly poor productivity across the major cotton growing provinces Punjab and Sindh.”
The USDA also trimmed its estimate for domestic output last year by 88,000 bales to 12.8m bales, thanks to a small yield downgrade, but reduced its estimate for domestic consumption too, citing data on spinning activity up to November. US inventories at the close of 2015-16 were pegged at 3.10m bales, an upgrade of 100,000 bales, but a figure in line with market expectations.
www.usda.gov
With a strong increase in the number of exhibitors and all indications suggesting that the new furnishing season will be a good one, Heimtextil starts today in Frankfurt. The globally-leading trade fair for home and contract textiles will present the world’s largest range of textile products, trends and new products until January 15, 2016. Top players in the international industry will present their wares in the newly extended exhibition space comprising 20 different hall levels.
Among the 2,866 exhibitors are an increased number of European companies. Some firms that are returning after a year or several years’ break or coming to Heimtextil for the first time are also fuelling the growth in the number of exhibitors. ‘The high demand consolidates our position as the most important meeting place for the industry and proves that our positioning of Heimtextil is the right one’, says Detlef Braun, CEO of Messe Frankfurt. He also suggests that this reflects the current positive mood in the industry: ‘The increase in European exhibitors comprises mainly exhibitors from Italy, the Netherlands and Belgium, as well as Turkey. The number of exhibitors from Brazil and the USA has also grown.
It is not just the number of home textile exhibitors that has grown in 2016, but also the exhibition space. This is due in part to the expanded range of décor and upholstery materials on offer. The product segments “window” and “upholstery” have been expanded at Heimtextil 2016 on account of the huge demand. The brand companies returning to Heimtextil in 2016 include Enzo Degli, Luilor, TEXAO, Marzotto Lab, Ratti Spa and Pozzi Arturo from Italy, as well as Libeco-Lagae, Verbatex and Annabel Textiles from Belgium and Penelope from Turkey.
Another highlight of Heimtextil is the “digital print” area. Digital printing is one of the most important growth segments in the industry. This is also reflected in the newly expanded exhibition space at Heimtextil 2016. Global top companies such as Epson, Hewlett Packard and Kornit will present their digital printing innovations on a surface area of over 1000 square metres. The event has also strengthened its offer in the segment of mattresses, bedding and bed systems. Renowned new exhibitors and returning companies present new products related to sleeping. The product “bed” incorporates an expanded offer comprising the segments bed linen, bedding, covers, decorative pillows and mattresses.
In order to continue strengthening the “green” textile market and act as a point of orientation and trailblazer, Heimtextil offers sustainable companies a forum, puts resource-saving products in the spotlight and invites visitors to take part in an accompanying event programme. In the “Green Village”, the expert centre for sustainability, visitors have the opportunity to talk to certifiers and quality seal awarders and get professional advice. The sustainability expert Max Gilgenmann will take interested trade fair guests on a “Green Tour” around Heimtextil and to selected exhibitors, thereby giving them an insight into the current developments in the green segment.
In line with key theme “Well-Being 4.0”, visitors to the Heimtextil “Theme Park” will experience the latest developments in the world of textile design. Every year, the Trendtable panel made up of international players in the industry evaluates the most important general trends and supplies furnishers, designers, product developers and creative teams with valuable orientation as well as reliable trend statements. These are showcased in the “Theme Park”.
www.messefrankfurt.com
Optitex, a provider of integrated 2-D CAD and 3-D digital product solutions for the textile industry, has joined the IEEE Standards Association Initiative to collaborate, research and build technology standards for 3D body processing.
As consumers seek more personalised shopping experiences, brands are seeking to incorporate 3-D scanning, modeling and visualisation into their businesses to further enhance their customer’s experience. This includes creating customised, tailor fitted garments, but also better products with improved 3-D capabilities.
Optitex, as an innovative thought leader in the future of 3-D and fashion, has joined the initiative to help create standards to implement these technologies into the fashion industry. Such standards will include privacy, communication, quality specifications, and sharing protocols.
According to Optitex, in a fast-fashion market, it’s all about getting the best products out for the consumer needs, as quickly as possible.
www.optitex.com
For its next edition to be held at the Javits Convention Center in New York City, Texworld USA has announced a new seminar series line-up for Winter 2016. Once again developed and organised by Lenzing Innovation and featuring 11 complimentary educational sessions led by over 25 industry experts, the series promises to be the most comprehensive educational series.
Kicking off on Sunday, January 24, 2016 and continuing with daily scheduled sessions through January 26, 2016, the Texworld USA seminar series will take a comprehensive look at several areas of importance to the textile, apparel and sourcing industries. Key topics include: social media strategies and tips, sustainability and design, fibre innovation, the future of trade and TPP, Spring 2017 colour trends, and more.
“As always, Lenzing Innovation has done an incredible job of curating a top-notch line-up of panellists and topics for the Texworld USA seminar series. With each edition, we are striving to offer attendees a valuable educational experience in addition to a space to do business and connect with resources,” said Dennis Smith, President, Messe Frankfurt North America.
January 2016 seminar series highlights include: “Contact” - Texworld Trend Forecasting: SS/2017, ‘Driving Social Media to Market Your Line’, ‘The Latest on Standards and Sustainability’, ‘Innovation in Today’s Fibre Landscape’ and ‘Sourcing and Trade for Today and Tomorrow’.
www.texworld.messefrankfurt.com
If the China’s currency Yuan continues to witness a downfall then industry experts are of the opinion that since China and India share common export markets such as the US and EU, Indian exports may be hit. Till December 2015, India’s apparel exports have witnessed a growth rate of 7-8 per cent against the anticipated 13-15 per cent.
Much of the fall in exports growth rate is being attributed to decline in Indian apparel exports to markets like China, Europe and the US due to overall economic slowdown. Now further downfall of Chinese yuan is expected to put a burden on Indian exports since the former would be able to offer products at a lower cost. Of the total $40 billion worth textiles and clothing (T&C) exports from India, apparel exports are worth $16 billion, while yarn, fabric and made-ups put together amount to $21 billion.
Over the last decade, India’s share in global apparel exports has remained modest at 3 to 4 per cent, according to ICRA report, despite being one of the world’s largest cotton producer and manufacturer of man-made fibres with world’s second largest spinning and weaving capacity.
www.icra.in
From January 16 to 18, 2016, 963 exhibitors will be presenting the retail trade with the latest trends and lifestyle products for the coming season. In its 2015 study 'Stadt, Land, Handel 2020' (Town, Country and the Retail Trade in 2020), The Institute for Trade Research(Institut für Handelsforschung - IFH) in Cologne came to the conclusion that almost one in ten high street retail shops will be threatened with closure by 2020. This affects some 45,000 retailers in Germany. The German Retail Federation (Handelsverband Deutschland – HDE) has predicted that small and medium-sized retailers will come under increasing pressure, as a result of the online boom.
The small increase in exhibitor numbers at the major consumer-goods fair for the Northern German retail trade, Nordstil, also indicates the special importance of consumer-goods fairs that are held in the early part of the year. “Whilst trade fairs cannot prevent the challenges that beset the retail trade, they can, however, help retailers to strengthen their position with respect to online retailing and help them to understand their customers' demands and habits. The probability of being one of the shops that will close by 2020 is definitely less for retailers who regularly attend trade fairs,” says Philipp Ferger, Director, Regional Consumer Goods Fairs, Messe Frankfurt.
Nordstil, which is held in January, offers ideal conditions in which to place orders at regional level for the spring and summer trade and to put together selections of goods to cover the entire year. With its broad range of products, it is, for buyers from Northern Germany and Denmark, an ideal platform for ordering goods. Altogether, 153 of the 963 exhibitors are from outside Germany. They come predominantly from neighbouring countries such as Denmark, the Netherlands and Sweden. The product groups include: Furnishing & Decoration, Style & Design, Gifts & Stationery, Kitchen & Gourmet, Garden & Seasonal, Relaxation & Well-Being, Jewellery & Fashion.
www.messefrankfurt.com
The Indian Institute of Corporate Affairs (IICA) is organising a two-day programme on “Supply Chain Management for Global Competitiveness” on February 8 and 9, 2016 at IICA, Manesar Campus.
SMEs and corporate houses from manufacturing as well as service sector like logistics, shipping lines, CHAs (importers, exporters, their clearing and forwarding agents), organised transport companies, directors and managers of supply chain management can benefit by attending this workshop. Members interested in participating in the programme can contact the IICA for details.
IICA is an institution established by the Ministry of Corporate Affairs, Government of India to provide holistic treatment of all issues that impact corporate functioning. The key to success for “Make in India” plan is to develop logistics and supply chain that support growth of global economy in general and nation in specific. There is a huge potential to make the country a global partner for manufacturing and services industries. The supply chain management and logistics are integral part of this development for the seamless network. The primary objective of this workshop is to present and discuss key challenges and management approaches for successful supply chain in global environment.
www.iica.in
The garment manufacturing industry in Fiji has traditionally been an active one. Now it is emerging as an alternative sourcing option for designers and brand owners in both New Zealand and Australia.
According to Adeshni Pratap, Image label Systems' Fiji based business manager, with just an hour's time difference with New Zealand and a couple of hours with Australia, Fiji has become the perfect near sourcing partner to these countries. Image Label Systems has been a part of the Fiji industry since the mid 1990's and has established itself as a strong market player.
Not only is Fiji's business environment compatible with Australia and New Zealand, but the country has the ability to provide a low volume range with fast turn-around time unlike its Chinese counterparts and is known for ethical business practices.
The manufacturers in Fiji cater to niche requirements such as sportswear, active wear and work wear. The country offers a flexible and local alternative to China and Asia with shorter lead times. Brand like Kookai and recently launched lingerie, lounge and swimwear brand Surfclub by Mount Maunganui-based Nicola and Claire retail products made in Fiji.
www.image-label-systems.com
After the successful edition of Cinte Techtextil China in 2014, Asia’s leading trade fair for technical textiles and nonwovens will be held in Shanghai from October 12 to 14, 2016 at the Shanghai New International Expo Centre. Last year’s fair saw 460 exhibitors from 22 countries visit the event.
The 2014 event was the largest ever Cinte Techtextil China in the fair’s history, and comprised pavilions from Belgium, Germany, Italy and Taiwan, as well as a European Zone. Together with regional pavilions from China, the fair displayed a full range of nonwovens and technical textiles in 12 different application areas. The fair also incorporated a debut Association Village bringing together 10 national technical textile associations from nine countries and regions.
Another important feature was the fringe programme. The 2014 edition featured an Innovative Showcase Area which introduced the latest innovations and achievements from various fast-growing application sectors in the industry. A range of seminars were held to help participants get introduced to new technologies through a series of informative presentations. The all-inclusive product profile of the fair saw 12,496 visitors from 61 countries and regions visit the fair.
According to the China Nonwovens & Industrial Textile Association (CNITA), the total output of technical textiles and nonwoven products in the country will reach over 22 million tons in 2020, double that of 2013. Cinte Techtextil China is organised by Messe Frankfurt (HK), CCPIT; and the China Nonwovens & Industrial Textiles Association (CNITA).
www.techtextilchina.com
Cotton farmers from Africa, especially from Burkina Faso, Chad, Benin, and Mali , have for long complained about the unfairness and imbalance in international markets that has contributed to the near collapse of cotton farming on the continent. But the challenges of the cotton industry are not just at the international level. The collapse of the local textile industry has led to the closure of textile mills, pushing the cotton farmers to absolute poverty. Efforts to revive the industry through subsidies, privatisations and joint ventures have been futile.
Middlemen have seriously affected the amount of profits trickling down to farmers. Tax enforcement is irksome and almost amounts to harassment. The demands for unnecessary levies and cesses are seriously hurting the sector. An agreement was arrived at in Nairobi to allow cotton farmers unfettered access to markets of rich nations, greatly boosting the few cotton farmers remaining. They will also have a level playing field with their counterparts from rich nations.
The meeting, the first of its kind to be held on African soil in more than two decades, brings good tidings, especially to cotton farmers. It will now be possible for these farmers to export their products to international markets duty free.
