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Indian cotton yarn exports up by 12%

Written By Views maker on January 29, 2010 | 1/29/2010

image According to Yarns and Fibres Exchage research, Bangladesh, South Korea, Brazil, China, Turkey, Italy and Peru accounted for half of yarn exports from India in October 2009,  which was worth US $56 million.exports increased to Rs 661 crore, up by 12 over the previous year. The statistics with Southern India mills Association (Sima) also showed that US $ 1243 million worth cotton  and blended yarns was exported during April to December 2009. This is sign of recovery for the yarn exports after the financial crisis world over. This again poses a big threat to local markets as the price could escalate.