India’s cotton yarn exports increase in October ’20; China becomes prospective market for October-December quarter
 

India’s cotton yarn export was worth 85,439 tonnes in October 2020, which is a year-on-year increase of 9.70 per cent, according to Ministry and Commerce and Industry (India).

Value-wise, the cotton yarn exports upped by 2.90 per cent to US $ 222.52 million in October ’20.

Bangladesh, China and Peru remained the top three exporting countries for India. India shipped cotton yarn worth US $ 55.96 million to Bangladesh in October (up 10.81 per cent); US $ 35.94 million (down 22.23 per cent) to China and US $ 19.91 million (up 59.16 per cent) to Peru.

In August-October 2020 period, India exported a total of 269,500 tonnes of cotton yarns, a year-on-year increase of 28 per cent. A substantial share was exported to Bangladesh (25.50 per cent), China (19.50 per cent) and Peru (8.90 per cent) in this quarter.

Though China has seen a decline in its import of cotton yarns from India, the feedback from cotton yarn traders and weaving companies in Jiangsu, Zhejiang, Guangdong and Shandong provinces is positive and the import enquiries were active in November and December as well.

A medium-sized cotton yarn operator in Ningbo (in Zhejiang province) stated that it imported cotton yarn imports are expected to reach 180,000-200,000 tonnes in December 2020, after witnessing import of 172,300 tonnes of cotton yarn in November with an increase of 7.62 per cent year-on-year, of which major contribution was done by the Indian cotton yarn exporters.

 

 

 

MKMA/apparelrespurces/020121

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