Related Keywords: cotton yarn exports, high cotton prices, largest importer of yarn from India, low arrivals, lower demand from China, put pressure on profitability, set to hit spinners, spinners have to cut down on capacity utilisztion, under pressure
Cotton yarn exports are under pressure due to lower demand from China, the largest importer of yarn from India. Moreover high cotton prices due to low arrivals are set to hit spinners.
Jayanta Roy, Senior Vice-President, and Group Head, ICRA, said that the fall in export demand for cotton yarn is a major challenge for spinners as the industry has been exporting a third of yarn produced for the last four years.
