MUMBAI (Commoditiescontrol) - Cotton yarn exports from India have been dwindling month after month, posting 13 months of fall in year on year (YoY) comparison, as per the Cotton Textiles Export Promotion Council (Texprocil). The council attributed the fall to the withdrawal of Focus Market Scheme for cotton yarn.
In May 2015, cotton yarn worth Rs 1,590 crore ($250 million) was exported to 72 countries with volumes at 84 million kg. While exports in US$ terms recorded the 13th consequent months of fall, shipment has been showing a positive year on year growth since February 2015. Unit value realisation has also been rising since March consequentially, having added US cents 8 a kg from the low of US$2.91 a kg on an average in February 2015.
Top importers of Indian cotton yarn in May were China and Bangladesh, accounting for around 53 percent of total cotton yarn exported from India. Their combined volume was 48 million kg worth US$133 million. During May, 77 countries imported cotton spun yarn from India with China continuing at the top. Shipment to China was up 30 percent in terms of volume and 15 percent in terms of value YoY. Bangladesh was the second largest importer, accounting for about 12 percent of all cotton yarn exported from India, but its import declined in May. Egypt, the third largest importer of spun yarns, saw volume and value down YoY.
Combed cotton yarn accounted for 68 percent of the all cotton yarn exported in May with volumes at 52 million kgs worth US$170 million. Carded yarn export was at 24 million kg. Their respective unit value realization was US$3.28 per kg and US$2.59 per kg. Open ended yarn ex-port was at 6 million kg at an average price of US$1.85 a kg.
(By Commoditiescontrol Bureau; +91-22-40015534)
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