India'S Cut In Yarn Production Will Not Affect Exports.

The spinning industry of more than 3000 factories and about 50000000000 rupees in India is in a dilemma due to excessive inventory, weak demand and low price. Most of these spinning factories are located in rural areas with about 40000000 spindles.

India's spinning factory held a nationwide protest last Monday, which decided to cut yarn production by 1/3 per week, a protest signal after the government withdrew its incentive policy.

India Yarn yield Cuts are only temporary cuts. Once demand and supply balance, production will soon be restored.

The executive manager of India Cotton Textile Export Promotion Association said that this will not affect the export of yarn.

Malaysia is a traditional importer of cotton yarn in India. Last year, Malaysia from India. Purchase A yarn worth 53 million US dollars (1.59 billion ringgit).

Cotton textile and garment producers do not want to take risks. They are worried that prices will fall again, said the Secretary General of the South India factory Association.

After the India government imposed temporary restrictions on yarn export, the spinning factory hoarded 500 million kilograms of surplus yarn. The ban on yarn export was lifted last month.

India exports 3 billion dollars of yarn every year, becoming the largest in the world. Cotton yarn export One country controls 25% of the world's market share.