MUMBAI (Commoditiescontrol) – Export of cotton yarn from India jumped to 117.6 million kg in January 2017 worth US$336.0 million (INR2,259 crore). The unit price realization averaged US$2.86 a kg, down US cent 1 from December but up US cents 19 from the same month a year ago.
China was the largest importer of Indian cotton yarn during the month, followed by Bangladesh and Pakistan. The top three together accounted for more than 62 per cent of cotton yarn with combined volume at 76.1 million kg worth US$208.9 million. Export to Bangaldesh was below last year’s level, while that to Pakistan has almost doubled.
In January, Hong Kong, USA, Thailand, Brazil and Ukraine were among the fastest growing markets for cotton yarn, and accounted for 5.7 per cent of total cotton yarn export value. Eighteen new destinations were added for cotton yarn export, of which, North Korea, Chile, Russia and Denmark were the major ones.
Five countries did not import any cotton yarn from India, including Finland, Costa Rica, Sudan and Honduras. In January 2016, they had imported yarns worth US$0.69 million. In January 2017, significant decline was seen in export to Argentina, Romania, United Arab Emirates, France and Canada.
Combed cotton yarn accounted for 59.3 per cent of cotton yarn exported in January with volumes at 63.1 million kg worth US$199.2 million. Carded yarn export was at 37.9 million kg. Their respective unit value realization averaged US$3.16 per kg and US$2.55 per kg, respectively. Open ended yarn export was at 8.4 million kg at an average price of US$1.78 a kg.
(By Commoditiescontrol Bureau; +91-22-40015522)
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