Company Details
Being pioneers in the yarn segment please share your comments on cotton yarn market movements across the world & in India. How do constant policy changes in cotton affect your kind of business?
India
is a major player in Cotton yarns, having biggest market share in global
markets. The main strength is raw material availability within the country and
quality of spinning is enhanced with the latest techniques and addition in
capacities.
The
movements of cotton yarns for exports from India are showing good growth since
beginning of this financial year. Even though the demand for end products is
not so great, raw material movements from India is growing. Major buyer is
China, followed by Bangladesh and Latin American countries. The growth is still
expected to continue as discussion for reduction of additional duties imposed
in Mediterranean countries is going on. On the other hand, capacities in
spinning are also increasing.
Valued
added items like fabrics are also having very good demand as most of the
decentralized sector in weaving is getting very busy, resulting in increase of
domestic yarn demand. Local demand for high quality Cotton and Blended yarns is
growing very well.
Now
everybody is looking at the new season of cotton crop and the price movements
which may get changes in the cotton yarns and fabric prices. But, demand wise,
it should be increased as many countries have not bought quantities of yarns
and fabrics, if compared to the preceding year.
As last
year Government adopted policy to put a lot of restrictions on exports of
Cotton yarns, many markets got disturbed due to the inconsistent supply and
abnormal price movements. Due to such problems, markets in few countries
shifted to other sources. This year Government looks for higher target of
textile exports all over and we hope no such new surprises get introduced.
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Published on: 11/09/2012
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.