Export of polyester spun yarn declined further in June 2010 both in terms of volume and value. Unit price realization continued improving. However, export compared to preceding two months was higher in June 2010. During the month, 889,000 kgs of polyester spun yarn was exported worth US$2.58 million. This was down 70% in terms of volume and 60% in terms of value compared to last year. Unit price realization increased 30% from last year, averaging US$2.91 per kg. The first three months of fiscal 2010-11, polyester yarn exports aggregated 2.42 million kgs valued at US$6.94 million or Rs.32 crore.
Polyester yarn was exported to 29 countries in June 2010 as against 43 last year. Of these, only eight countries formed the Elite group with total export of US$1.70 million. The highest importer this June was Turkey with volumes at 142,000 kgs valued at US$0.42 million. It was closely followed by USA with imports worth US$0.41 million. Both these destinations recorded close to 70% decline in imports of polyester yarn from India, compared to the same month last year. This June, only three new destinations imported polyester yarn from India. They were Japan, Malawi and Oman with total value of US$0.11 million worth of yarn. As many as 17 destinations did not import any polyester spun yarn from India (reckoned with corresponding month of 2009) namely Sri Lanka, Philippines, Syria, Madagascar, Belgium, Jordan, Portugal, Saudi Arabia, Venezuela, Mexico, Greece, Yemen, Australia, Tunisia, Malaysia, Chile and Vietnam. They together had imported 369,000 kgs of polyester yarn worth US$0.97 million last year.