Textile Cotton Fabric Exporter

8 January 2009 - The Turkish textile and clothing industries are now facing very strong difficulties after enjoying prosperity in the past years. Apparel exports fell more than 25% in December, further depressing textile production and imports. Large groups announced they will exit the textile sector as competition surges from China and other Asian and Mediterranean countries. The fall of the lira is not really supporting exports, only reflecting a looming financial crisis in the country.

8 January 2009 - After Israel launched its attack on Gaza, crude oil prices suddenly rebounded in the past days, triggering a rise in raw material costs of polyester fiber producers. Oil prices however fell on Wednesday while demand remains extremely weak from China's textile industry. There is no rebound in sight ahead of lunar year holidays.

7 January 2009 - The United States launched an "anti-subsidy" war against China by mid-December, only a few days before textile quotas were eliminated. With economic recession increasingly affecting employment in the U.S., there is mounting pressure for imposing a "fair trade" on China. Triggered by the textile lobby, the Bush administration started an offensive against China's program for supporting its brands. The Obama administration will have to decide if China is effectively filed with the WTO.

7 January 2009 - Cotton yarn prices are no more falling on the Pakistan's export market, reflecting stronger demand from the Far East, Bangladesh, the European Union and Turkey, our Correspondent reports. Pakistani yarn exporters are taking advantage of a series of factors, including the rupee's decline, the high level in Indian cotton prices, and the need to replenish stocks whatever the global slowdown.

6 January 2009 - The euro seriously rose in December, giving some room to eurozone importers while the British pound dramatically fell, therefore depressing UK's clothing import market. The decline of the dollar in December should also further limit US apparel imports in the near term. Exporters in India and Pakistan finally benefited from a sharp fall in their currencies in 2008, our statistical tables are indicating. China's renminbi no more rose since last June in addition while the Vietnamese dong seriously fell.

6 January 2009 - US imports from China are not expected surging after quotas were definitively eliminated, effective from January 1st. Some more pressure was however felt in the last months of 2008 at US borders, in most important categories. As reflected by our statistical tables, quota fill ates remained lower than a year ago, nevertheless.

6 January 2009 - Cotton yarn prices significantly fell in the past two weeks in China, reflecting the low level in market activity in this period of the year. With cotton prices rising in line with a governmental buying campaign, the margins of spinning mills are currently falling with a reduction in yarn output in sight. Polyester and viscose yarn prices were unchanged at the same time as raw material costs may be more stable over the coming period.