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.
