Related Keywords: cheaper yarn, China cotton policy, Pakistan yarn export, yarn import, yarn industry, yarn production
Pakistan yarn export to China reduced to $80 million in February 2014 while in January it was about $200m. Although yarn manufacturing posted growth compared to the previous year, a gradual slowdown is visible in the second and third quarters of the fiscal year 2014.
Cotton yarn production has also started falling in the country, reflecting the slowing demand from China. Growth in cotton yarn production was just 0.9pc in the third quarter of the FY-14 while the growth was 3.2pc in the same quarter of last year.
