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India's cotton yarn exports plunged struggling - cotton mill production Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-12
According to India's Ministry of Commerce statistics, 4 - this year India's exports to China in September down, quantity and price of cotton yarn exports fell by 31. 9% to 1. 05. 9 billion kilograms, exports fell 36. 7% to 2. 8. 5 billion dollars. 4 - In September, India cotton yarn exports year-on-year growth only 1. 1%, to $1. 5 billion. Because there are 3 Indian cotton yarn. A 5% tariff, and Vietnam and Indonesia not tariffs, the focus of China's cotton imports nearly two years from India to Vietnam and Indonesia. 2013/14 to 2016/17 annual cotton yarn exports to China fell by 42%, India and Vietnam and Indonesia cotton yarn exports to China increased by 83% and 14% respectively. At present, the thin margins of Indian cotton, export base is given priority to with walk quantity. The government cancelled export cotton export prices rose after the stimulus - 5 Significantly decreased 6%, competitiveness, many old factory closing. It is understood that interest rate is 10 - India 12. 4-5%, far higher than other countries 6%. In recent five years, India mills profit margins decline 21% a year. Cancel 3% of the raw material inventory levels of interest subsidies directly affects the cotton and cotton yarn quality stability.
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