India Cotton Yarn Export Restrictions Affect Domestic Textile Industry

　　 India textile The Federation of industry and Commerce (CTTI) said in December 2nd that the India textile department released 720 thousand tons in December 1st. Cotton yarn export The order will be domestic. Textile industry Adverse effects.

At present, the cotton and cotton export authorization registration certificate has been issued, and the export shipment must be completed within 45 days. CTTI chairman ShishirJaipuria said that under normal circumstances, the export of cotton yarn would last 4 months until March next year, and the government's decision would push cotton yarn exports to completion within 45 days. In the meantime, textile mills will have to turn the supply of cotton yarn in the domestic market to export, and domestic cotton yarn supply is likely to decrease sharply.

Jaipuria believes that although some sectors of the textile industry have complained about insufficient supply, there has been no shortage of domestic cotton yarn market so far. After the introduction of the new deal, even if the term is short, there may still be substantial supply shortages in the domestic market. Jaipuria recommends that the government reconsider this decision and comprehensively restrict the export of cotton yarn.

In addition, affected by the export restrictions of cotton yarn in India, the international cotton yarn prices will continue to rise in the near future, and other major cotton exporters such as Pakistan, Turkey and Indonesia will benefit from it.