Page 41 - Ccfgroup News Today

- On Monday, Finance Minister Nirmala Sitharaman of India says in her budget speech in parliament that India will impose 10% duty on cotton import to help farmers. A levy on overseas purchases will potentially support local prices amid higher domestic production and prevent distress sales by the growers. There is no duty on cotton imports until now. After our analysis, this move is mostly to digest its domestic cotton inventory, improve Indian cotton prices and reduce the loss of CCI via cotton...

- On January 28, 2021, the Ministry of Trade of Turkey issued notice No. 2021/3 on synthetic filament fabrics (Turkish: sentetik filament iplikten dokunmu) originating in China, Malaysia, South Korea, Thailand and Taiwan, China. It made the affirmative final decision of the third anti-dumping sunset review and decided to maintain the anti-dumping duties on the products involved in the above-mentioned countries and regions. The anti-dumping duties on CIF (CIF) are as follows: 42.44% anti-dumping...

Guangdong has ranked 13th in the world by GDP if taken as an economic body, a position which surpasses that of Australia, the Securities Times said in its ...

- VSF export of China was largely flat with that of 2019, while the import showed a trend of sharp decline. Among them, there was notable growth of demand from Pakistan that had become Chinas largest destination, while the export to Turkey and Indonesia declined sharply. On a monthly basis, there was a temporarily low ebb of imports in April and July, while exports fluctuated greatly. Among them, export rush occurred in March and the export volume during April-June was much lower than the same...

- According to the China customs, in Dec 2020, Chinas uncombed polyester staple fiber exports were 76,900 tons, a year-on-year decrease of 1.6%, and a month-on-month fall of 13%, and imports were 14,700 tons, a year-on-year decrease of 21.2% and a fall of 19.6% from Nov. In 2020, imports totaled 185.5kt, a fall of 32.4kt year on year, and exports totaled 795.7kt, down 182.7kt year on year. Exports reached a low in May, continued to rise from Jul to Sep, and maintained above 70kt in Oct and Dec....

-74 Import from Saudi Arabia remained low in December. Operating rates of MEG plants in Saudi Arabia were low due to weak economics, and producers chose to raise output of other products. Meanwhile, some cargoes were delayed to Jan 2021. Import would recovered in Jan with Dec delayed cargoes discharging and the arrivals of PetroRabighs cargo. Supply from Saudi Arabia would remain low in the first quarter of 2021 due to scheduled maintenance of Sharq2 and Yansab. Import from Taiwan Prov. was aro...

Bangladesh s exports earning from home textile products in 2020 clocked in 15 per cent growth and reached $936 million, very close to its target of $1 ...

- The textile sector of Pakistan has immense potential for further expanding its share of exports to the European Union. Zaheer A. Janjua, Ambassador of Pakistan to Belgium, Luxembourg and the European Union, during a virtual meeting with CEOs of the Pakistan Textile Council, Saleha Asif, and other board members, expressed these views. Appreciating the performance of textile sector during the COVID-19 pandemic, Janjua underlined Pakistan’s exports in textile and clothing products to EU hav...

China saw notable rebound in exports in 2020, led by sales of medical supplies China was the only major economy in the world to achieve positive goods trade growth in 2020, with its foreign trade beating expectations and registering a historic high, government officials said on Thursday. The countrys foreign trade grew by 1.9 percent year-on-year to 32.16 trillion yuan ($4.97 trillion) in 2020, compared with 2.97 trillion yuan in 2010, while its exports increased 4 percent year-on-year and impo...

India has made an affirmative final calculations of anti-dumping on imports of rayon yarn from China, Indonesia and Vietnam, and proposed to impose an ...