Cotton yarn export rises this June

In June 2015, India exported cotton yarn to 72 countries with volumes at 92 million kg which was worth US$275 million (INR1,740 crore). The average unit price realization was at US$2.98 a kg, down US cent 1 from previous month and US cents 54 down from the same month a year ago. The largest importer of cotton yarn from India was China, followed way behind by Bangladesh and Egypt. The top three together accounted for more than 60 per cent of cotton yarn with combined volume at 60 million kg worth US$170 million.

The fastest growing markets for cotton yarn were Romania, Jordan and Argentina in June, more than trebling their imports from India which accounted for 0.50 per cent of total cotton yarn export value. Seven new destinations were added for cotton yarn export, of which, Paraguay, Honduras and Singapore were the major ones.

Cambodia, Bulgaria, Australia, Eritrea, Chile, Slovakia, Mexico and Hungary imported yarns worth US$0.90 million in June 2014, however, these markets did not import any cotton yarn from India this June. Also, imports from Turkey, Kenya, Czech Republic, Algeria and Venezuela this June were significantly declined.

Out of all the cotton yarn exported from India in June, combed cotton yarn accounted for 64 per cent with volumes at 53 million kg and carded yarn export was at 30 million kg. Their respective unit value realization was US$3.29 per kg and US$2.62 per kg. Open ended yarn export was at 7 million kg at an average price of US$1.83 a kg.

Courtesy: YnFx – Fibre and yarn Exports – India