* Cotton Yarn exports meeting their target. * During the 10 month period of April’13 – Jan’14, India exported 1082 million kgs of Cotton Yarn worth US $ 3.75 billion. Full year figure likely to be at 1350 mn kgs valued at US $ 4.70 billion.

1. Texprocil Study Finds Robust Figures For Cotton Yarn Export From India, Outlook Bright
* Cotton Yarn exports meeting their target. * During the 10 month period of April’13 –
Jan’14, India exported 1082 million kgs of Cotton Yarn worth US $ 3.75 billion. Full year
figure likely to be at 1350 mn kgs valued at US $ 4.70 billion.
Mumbai, India, May 24, 2014 -- A study conducted by The Cotton Textiles Export Promotion
Council, (Texprocil) has revealed that India’s Cotton Yarns exports are meeting their targets
barring the seasonal fluctuations generally witnessed every April and inspite of high raw cotton
prices. Statistics revealed by TEXPROCIL show that India exported 1,082 mn kgs of cotton yarn
valued at US$ 3.75 billion in the first 10 months (April – January) of fiscal year 2013-14. It is
estimated that cotton yarn export for the full fiscal year 2013-14 would be around 1,350 mn kgs
valued at US$ 4.70 billion. The high quality of Indian yarn is ensuring firm orders for Indian Mills
from the international markets.
Exports of cotton yarn dropped during last three years in the month of April and it happened in
2014 too. One of the reasons, in addition to the high year end exports which cause a drop in April,
is the temporary high cotton prices during this period. Last year as well as this year during the
month of March and April Indian cotton prices have gone above the international prices for cotton
upto 40s count. Current Indian prices are higher than international prices and good quantity
imports of 1 1/8 inch cotton are taking place.
There is an increasing anxiety in the industry due to recent developments in Chinese cotton
policy since China is the major importer of cotton and cotton yarn from India. Presently, the price
difference between Indian & Chinese Cotton is quite high with the Indian yarn selling at much
lower rates. In fact, prices of Indian cotton yarns after payment of duty and taxes in China are still
very much lower than the Chinese domestic yarn prices.
Says Mr Manikam Ramaswami, Chairman, Texprocil, “Given the better quality produced by Indian
mills there will always be good exports of Indian yarns taking place, even if the difference
between Chinese cotton prices and international cotton prices narrows down substantially. Indian
mills need not fear a drop in Yarn exports happening beyond the seasonal fluctuations. However
profitability of exports will depend upon our price parity with International cotton prices.”
Established in 1954 as an autonomous, nonprofit body dedicated to promotion of exports,
TEXPROCIL facilitates the exports from India of Raw Cotton, Cotton Yarns and Blended Yarns,
Woven and Knitted fabrics, Home Textiles and Technical textiles. The Council provides export
promotional services to over 3,500 members including composite mills, spinning units, weaving
units, knitting units, process houses and merchant exporters who collectively generate billions of
dollars of turnover.
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