India Suspended Cotton Yarn Export Registration Textile Industry To Make Different Reactions

　　 720 thousand tons Cotton yarn After the completion of the export contract registration, India The government announced a moratorium on the export of cotton yarn, and the textile industry responded differently on Tuesday.

This year, Carle - 6 cotton prices rose to 44000 rupees / candy (356 kg), compared to the same period last year, the price of 29000 rupees / candy, cotton yarn (40S) prices rose to 250 rupees / kg, compared to the same period last year, the price of 150 rupees / kg.

Sakthivel, chairman of the Rupp Exporters Association, said that the ban on cotton yarn exports would reduce the domestic market's cotton prices and increase the supply of cotton yarn, slowing down the pressure on downstream clothing, Handlooms, and finished products.

Although domestic cotton yarn consumers and knitwear Garment manufacturer Welcome to suspend the export registration of cotton yarn, but the mills think the government's decision is very bad.

An industry expert said that the government's decision would send an erroneous signal to the international market. In the last 15 years, India cotton yarn export accounts for 19-21% of cotton yarn output, and the domestic industry has no ability to digest the 20% cotton yarn. Abruptly stopping the export of cotton yarn will destroy the entire value chain. It affects not only yarn prices, but also raw cotton prices.

　　 The expert said that the government should wait for the export figures to come out before making a decision. According to the report of the Mumbai textile Commissioner's office, India exported only 45.7 tons of cotton yarn. Even if we export 300 thousand tons of cotton yarn in the next three months, it will not exceed 750 thousand tons. However, a sudden stop of export registration will affect the continuity of India's cotton yarn export business.