According to a report by India’s “Economic Times” on August 4, India’s cotton yarn exports fell by about 20% in the first quarter of this fiscal year (April-June 2014). The main reason was that China’s reduction in fabric production led to a decline in cotton yarn demand. However, owners believe exports will increase after September.
India’s cotton yarn export volume in April this year was 100 million kilograms, and in May and June, it was 90 million kilograms. The average monthly export volume in the last fiscal year reached 120 million kilograms.
Indian cotton yarn exports also face problems from Europe. Pakistan exports its products to Europe by taking advantage of the additional 9.65% concession provided by the general tariff regime. However, India will welcome opportunities from China and other international markets in the coming months. In addition, domestic demand in India has also started to grow ahead of the festive season.
According to reports, China mainly imports medium and low-quality textiles from India.
