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Related Keywords: China, coarser and medium count, Confederation of Indian Textile Industries, cotton price, EU, Indian yarn shipment, lesser demand, Pakistan GSP plus status, plunge, SIMA, yarn export, yarn price

Indian yarn shipment plunged to about 100 million kg in April and, according to industry estimate, further to 90 million kg each in May and June, after clocking average monthly exports of about 120 million kg in 2013-14, which was 33% more than the previous year.

In the first quarter ended June, yarn exports witnessed decline by about 20% year-on-year, with China reducing its fabric production due to which lesser demand from China, there has been an impact on yarn imports.

Related Keywords: Confederation of Indian Textile Industries, cotton yarn exports, Dollar appreciation, Indian cotton spinners, stocks pilling, Vardhaman Group

Indian cotton spinners have started to witness stocks pilling up due to weak demand from China, the largest importer of India’s cotton yarn. Cotton yarn exports this fiscal in the month of April declined to 99.92 million kilograms compared to 115.96 million kilograms during the same time last year. The fall has continued even after April, according to data released by Directorate General of Foreign Trade.