Cotton Yarn

The domestic cotton spinning industry will recover in FY25, growing 6-8 per cent, rating agency ICRA said on Wednesday. The recovery will be aided by 4-6 per cent volume growth and mild-realisation gains, the rating agency said. The estimated recovery would follow two consecutive years of de-growth on the back of subdued domestic demand and falling yarn realisations. Over two-thirds of the total cotton yarn produced is consumed domestically, where green shoots of recovery are visible from the downstream segments, such as ready-made garments and home textiles. According to ICRA, cotton yarn exports, which rebounded in FY24 on a lower base, are likely to normalise in FY25. "While exports will remain exposed to headwinds from sluggish global demand, a shift in sourcing preference away from other countries will offset this impact to an extent," the rating agency said. It shared that domestic cotton prices, which peaked sharply in H1 FY23 and reached a lifetime high of Rs 284 per kg,

The country's cotton yarn, fabrics/made-ups and handlooms exports rose 6.71 per cent year-on-year to USD 11.7 billion in 2023-24, even as the total exports dipped by 3 per cent in the last fiscal. According to the commerce ministry data, these exports in March grew by 6.78 per cent to USD 1 billion. In 2022-23, these exports stood at USD 10.95 billion. This is one of the key product categories out of 30 closely monitored by the ministry. The top five export markets for the sector during the last fiscal year were the US, Bangladesh, China, Sri Lanka, and the UAE. The US accounts for over 25 per cent of India's total cotton yarn, fabrics/made-ups and handlooms exports, followed by Bangladesh (16 per cent), China (6.6 per cent), Sri Lanka (4.4 per cent), and UAE (2.35 per cent). In 2023-24, the outbound shipments also entered new geographies like Anguilla, a British Overseas Territory in the Eastern Caribbean; Serbia; Georgia; Sweden; Cyprus; Azerbaijan; and Iran. The other new mark

Yarn makers, though, complain of sharp drop in demand and growing stockpiles

High cotton prices, the Russia-Ukraine war and poor demand from the apparel industry have hit the spinning mills hard

The National Commission observed that the requirement of first-class construction was mentioned in the cover note and the policy, so stock kept elsewhere wouldn't be covered

Pipeline stocks will last for just about three-four months, companies say

High cotton rates have denied them export opportunity created by drop in Chinese shipments

HINDUPUR, India (Reuters) - India is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion into the industry over the next few years to generate more than 1 million jobs.

From January to November, yarn prices reportedly increased from Rs 220 per kg to around Rs 350

Pakistan's struggling textile industry has voiced its disappointment after the Imran Khan government rejected a proposal to import cotton from India

Improved yarn prices because of a sharp rebound in demand in the second half of the current fiscal will help

They allege that the latter stopped supplies without reason, say that this could hugely impact export biz

Indian exporters aren't pursuing the Chinese market either, as travel to that country to address quality or quantity issues post shipment will be difficult

The Finance Ministry will take the final decision on imposing the duty

Prices up by 8% in June and another hike is in the offing

Weak demand, sharp increase in production costs hit margins, rising rupee impacts exporters