Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News India’s cotton yarn exports may decline by %

India’s cotton yarn exports may decline by %



Due to the sharp drop in exports to China, India’s total cotton yarn exports may fall by 15% in the fiscal year 2014~2015 (April 2014~March 2015) (In the past, India’s cotton yarn exports to China accounted for…

Due to the sharp drop in exports to China, India’s total cotton yarn exports may fall by 15% in the fiscal year 2014~2015 (April 2014~March 2015) (In the past, India’s cotton yarn exports to China accounted for approximately 40% of export volume). A report released by India’s Ministry of Textiles shows that in the fiscal year 2013~2014, the country’s cotton yarn exports reached 1.303 million tons; in the first nine months of the fiscal year 2014~2015, the export volume of cotton yarn was only 891,000 tons, compared with 94.6 tons in the same period of the previous fiscal year. Thousand tons fell by 6% compared with the previous year, and the decline became more obvious thereafter. The report pointed out that due to the sharp decline in exports of Indian cotton yarn companies to major markets, even if they promote exports to other countries, they still cannot increase profit margins, causing the stock prices of cotton yarn companies to plummet.

The Secretary-General of the Federation of Indian Textile Industry said: “Exports of cotton yarn to China have slowed down in the past two years. This is due to the fact that Chinese labor is transferring from manufacturing to high-return service industries. Although Indian cotton yarn products are very important to other countries Exports have increased, but it will be difficult to make up for the decline in exports to China. Therefore, the industry’s overall exports are expected to decline this fiscal year.” Experts predict that cotton yarn exports will fall by 15% to 1.15 million tons in the 2014~2015 fiscal year.

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Author: clsrich

 
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