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Cotton yarn exports jump 58% in June

Published: August 18, 2021

Spun yarns volume shipment totaled 199 million kg worth US$694 million or INR5,030 crore. The unit value realization of all types of spun yarn averaged US$3.49 per kg, about one US$ up year on year. Bangladesh was the largest imported of spun yarns during the month, followed by China and Vietnam.

Cotton yarn export was at 162 million kg worth US$588 million (INR4,260 crore), up 58% year on year. These were shipped to 76 countries at an average price of US$3.64 a kg, down US cents 9 from previous month and up US$1.15 from June 2020. Bangladesh was the top importer of cotton yarn, followed by China, Vietnam, Portugal and Egypt.

100% man-made fibre yarns exports were at 12.2 million kg, comprising 7 million kg of polyester yarn, 3.5 million kg of viscose yarn and 1.5 million kg of acrylic yarn. Viscose yarn was worth US$12 million or INR88 crore, exported at an average price of US$3.44 per kg in June. The major market was Belgium, followed by Turkey, Brazil and Bangladesh. Polyester spun yarns export was worth US$16 million exported at average unit price of US$2.27 a kg. Brazil was the largest importer of polyester yarn, followed by USA and Turkey.

Blended spun yarns worth US$74 million were exported in June, including 17 million kg of PC yarns and 5.6 million kg of PV yarns. Bangladesh was the largest importers of PC yarn from India followed by Egypt while Turkey was the single largest importer of PV yarns from India followed by Brazil.

All kinds of filament yarns shipment totaled 77 million kg, valued at US$138 million or INR1,000 crore.

Cotton shipment in June was 9.10 lakh bales worth INR2,259 crore or US$312 million. This takes the total export to 95.9 lakh bales worth US$21,250 crore or US$2,925 million in the first nine months of 2020-21 marketing season. Bangladesh was the largest market for Indian cotton during the month, followed by Chi-na, Vietnam, and Indonesia.

Export price realisation for cotton averaged INR146 a kg or US cents 91.42 per pound during June. This was below Cotlook A index, the global spot price benchmark and much higher than domestic spot price for benchmark Gujarat Shankar-6. During the month, Cotlook averaged US$94.60 per pound while Shankar-6 was at US cents 87.61 per pound, implying that Indian cotton was still competitive in global market.

In June 2021, basic textiles comprising fibres, spun and filament yarns shipment were worth US$1,224 mil-lion or INR8,876 crore, accounting for about 3.7% of total merchandise exported from India during the month.

Courtesy: Fibre to Yarn Export Statistics: India

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