Cotton yarn exports in FY14 estimated at $ 4.70 billion

Statistics by Texprocil show that India exported 1,082 million kgs of cotton yarns valued at $3.75 billion in the first 10 months of 2013-14

Country's cotton yarn exports for 2013-14 are expected to be around 1,350 million kgs valued at $4.70 billion.

A study conducted by the Cotton Textiles Export Promotion Council (Texprocil) has said that India's cotton yarn exports are meeting their targets, in spite of seasonal fluctuations generally witnessed every April and high raw cotton prices.

Statistics by Texprocil show that India exported 1,082 million kgs of cotton yarns valued at $3.75 billion in the first 10 months (April-January) of 2013-14. It is estimated that yarn exports for the entire 2013-14 would be around 1,350 million kgs valued at $4.70 billion.

The high quality of Indian yarns is ensuring firm orders from international markets.

April exports of cotton yarn had dropped in last the three and it happened in 2014 too. One reason is the high year-end exports which cause a drop in April. The temporary high prices during this period is another reason.

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 yarns from India.

At present, the price difference between Indian and Chinese cotton is high, with the Indian yarn selling at much lower rates. Prices of Indian cotton yarns after payment of duty and taxes in China are still very much lower than the Chinese domestic yarn prices.