China has canceled - Indian cotton yarn order
Textile information -
Textile net -
Textile integrated service provider
Influenced by a trade war with China, China's increasing demand for Indian cotton yarn, 6-2018
November Indian cotton export growth.
But as China and the United States to suspend further add tariff, China began in recent weeks about 4 - to renegotiate and cancel
500 million dollars (
About 10 -
Indian cotton import orders.
According to the Indian industry, recent Chinese importers, agents, Banks began to renegotiate or cancel the early Indian cotton yarn contract and hold the l/c, and did not give a reason, this makes the Indian cotton yarn exports in trouble.
8 November Indian cotton yarn exports to China.
8 of $92. 4 billion, a 2017/18 over the same period.
2 $70. 2 billion growth.
Cancel the order according to the Indian side analysis, China is affected by easing sino-us trade relations, China may worry that the United States from march begins to impose tariffs on all Chinese goods, therefore may reduce in the March 1 to the United States cotton imposing a 25% tariff.
Recent Chinese cotton imports is declining to India.