China the Largest Importer of Indian Cotton Yarn in July 2012
Dated- 28 Aug , 2012 - India
Cotton yarn accounted for over 80 percent of the total spun yarn exported from India. Manmade fibre yarn, comprising polyester, viscose and acrylic yarns, contributed around eight per cent while blended spun yarn accounted for the rest 11 per cent.
In July 2012, close to 80 million kgs of cotton yarn was exported valued at US$271 million (Rs. 1,475 crore) implying unit price realization of US$3.39 a kg on an average. This was US cents 16 lower than June and US$0.71 down from a year ago level. Combed cotton yarn exports increased 10 per cent to 46.5 million kgs accounting for 64 per cent of the total cotton yarn exported during the month. Carded yarn exports jumped 38% to 21.9 million kgs. Their respective unit value realization was US$3.71 per kg and US$3.06 per kg. Open end yarn export was at 6.5 million kgs with realization at US$2.17 per kg. Cotton yarn was exported to 72 countries in July 2012, of which, two markets accounted for 60 per cent of Indian cotton yarn exports with total volume at 49 million kgs worth US$160 million. They were China and Bangladesh.