SRTEPC to certify shipping billsThe Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) will certify the shipping bills relating to exports of yarn, fabrics and made-ups, items of man-made fibre, according to a note issued by the textiles ministry. Before this, the certification was entrusted with the Textiles Export Promotion Council (Texprocil)
The SRTEPC has therefore, made arrangements to certify the shipping bills from its head office in Mumbai and regional offices in New Delhi, Surat, Chennai and Tuticorin. Arrangement is also being made from Calcutta. The exporters are required to submit the documents for certification: full shipping bill set, GR, proforma invoice, two copies of original shipping bill and Contribution Towards Trade and Industry (CTI)charges.
The CTI will be charged at Rs 0.02 per Rs 100 of FOB value (ie 0.02 per cent of the FOB value) as is being charged by the Texprocil for certification of non-quota cotton textile items. The payment may be made in the formof cash, demand draft or cheque drawn in favour of Synthetic and Rayon Textiles Export Promotion Council.
Aussie seafood trade to fall in 97-98
Australia's seafood industry is expected to fall in value in 1997-98 with the El Nino effect and Asian turmoil, influencing both the short and medium term outlook. According to the Australian Bureau of Agricultural and Resource Economics (ABARE), the Asian crisis would lead to a cut in demand from key markets, increased import competition and lower exports.
In 1996-97, 90 per cent of Australia's A$1.305 billion worth seafood exports went to Asia. ABARE forecast seafood export values would fall to A$1.175 billion in 1997-98, rising slightly to A$1.200 billion in 1998-99.
"Crisis in Asia will have a negative impact on the Australian seafood industry," ABARE said, adding "the large currency depreciations in south-east Asia mean that seafood exports from these countries could provide substantial price competition for Australian exports of similar productsinto the three key north Asian markets (Japan, Hong Kong and Taiwan)."
2-day seminar on spinning
The Bombay Textile Research Association (BTRA) is organising a two-day seminar on spinning on March 2-3, 1998 in Mumbai. Topics to be discussed at the seminar include the new generation of spinning machinery, spinning accessories, card clothing-new developments, maintenance practices for latest generation machinery and experience of user industry from leading mills.
New range of hybrid cottons
The Central Institute for Cotton Research, Nagpur has introduced three new hybrid varieties developed by scientists at various cotton research institutes in India. These are OmShankar (CSHH-29); DHB 105 and G.Cot.DH-7.
Omshankar (CSHH-29): This is a hybrid between two American type cottons (G.hirsutum), developed by the Sirsa Regional station of the Central Institute for Cotton Research. It has been released for general cultivation in the entire northern cotton zone. Its forte is the higherproductivity and early maturity. Compared to the cottons now in cultivation, Omshankar has reportedly given a higher average yield of 33 per cent in Haryana, 34 per cent in Rajasthan and 49 per cent in Punjab. It also matures two weeks earlier than the existing types. With a ginning otturn of nearly 34 per cent, it combines a desirable fibre length of 26.4 per mm and a spinning potential fo 30s count.
DHB 105, an interspecific hybrid, is like DCH-32 with one parent being of American cotton type (G.hirsutum) and the other of Egyptian type (G.barbadense). This was developed a tthe Dharwad station of the University fo Agricultural Sciences in Karnataka, and has been released for cultivation in the irrigated tracts of the State. It is reported to have recorded, on an average, 20.18 quintals of kapas per hectare, 49 per cent higher than the average yield of 13.54 quintals. While most of the existing hybrid cottons belong to the American cotton type, GDH-22 is a desi cotton hybrid, being a cross between Sanhayand G.27. In trials conducted all over the rainfed cotton growing tracts in Gujarat, it was found to outyield the local varieties by 25 to 200 per cent
.Textile researchers' conference
The 39th joint technological conference of the textile research associations in the ocuntry wil be held at the Indian Institute of Technology (IIT), New Delhi, on February 20-21. According to Northern India Textile Research Association (NITRA), the conference, jointly organised by NITRA, Ahmedabad Textile Industry Resarch Assocition, Bombay Textile Research Association will deliberate at length on the ailments of various sectors of the Indian textile industry and unravel research findings to remedy them.
CCI withdraws from AP cotton market The Cotton Corporation of India (CCI) has withdrawn from intervening in Andhra Pradesh cotton markets as surging prices in Warangal and Guntur yards have made such operations redundant, suggest Express Textile reports. In conformity with the trend in other parts of the country,cotton prices have shot up to Rs 2,200-2,300 per quintal in these two yards.
The pangs created by suicides of small farmers in the Telengana region continue unabated with more such instances being reported. Crop failure is prompting the farmers to resort to the extreme step.
The quantum of crop loss, because of the recent pest infection, is difficult to assess. However, Andhra Pradesh Cotton Association revealed that the state's cotton production might come down by five lakh bales to around 20 lakh bales.
Taiwan to raise textile capacity
Taiwanese textile exports in the first half of 1997 went up by 8 per cent as against the corresponding period. The rise in exports have prompted textile manufacturers to raise their production capacity.
The expansion of polyester has been successfully carried out and with the Taiwanese production capacity stood at 8,760 tonnes per day at the end of 1996. With the entry of three more makers, the Taiwan's total capacity is expected to touch 11,070 tonnes perday and by the end of the year 1999, to 13,300 tonnes per day. To meet the increasing demand of nylon, the Taiwanese nylon makers are also planning to raise their production capacity. Taiwanese nylon production capacity is expected to rise to 45,910 tonnes per month by end of 1998.The domestic consumption of polyester filament yarn also went up during the period. Moreover, polyester filament makers prefer to supply their products to textured yarn processors instead of exporting their yarn to overseas markets. The brisk demand for Taiwanese fabrics and made ups in the overseas market has pushed up the demand for yarn in the domestic market since the beginning of the current year.
NZ wool industry plans
A former New Zealand Wool Board director on Friday unveiled a plan to establish a publicly-listed company, radically revamping the way the country markets its significant wool exports. The ailing wool industry last week saw coarse grade prices fall to their lowest level since December 1991 amiddiving demand from Asia. However, the farmers' cooperative of New Zealand, which controls wool sales, has not endorsed the plan.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
