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Spun yarn exports volume from India up in February, prices down

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Spun yarn exports were up in February in terms of volumes but the fall in FOB per unit price, which apparently arrested in January, continued, leading to a sharp fall in revenue earnings. Volumes at over 122 million kg were worth US$355 million or Rs 2,190 crore, implying per unit realisation of US$2.90 per kg for all kinds of spun yarns. This was US cents 8 down from previous month and down US cents 45 from February 2014.

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