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