India's exportable surplus was decided at 7.2 lakh tons by the Cotton Yarn Advisory Board (CYAB). Of the 7.2 lakh tons exportable surplus, only 5.3 lakh tons have been recorded till date. Around 3.9 lakh tons have been exported over a period of last seven months, as per the data available with the Office of the Textile Commissioner.
Following the extraordinary rise in cotton prices and the consequent rise in prices of the yarn, apparel exporters have been asking for a restriction on the yarn exports till the local needs are satisfied. Around 20 percent of the cotton yarn is being exported to other countries of the world.
According to the board, yarn manufacturing is increasing in India and around 3 lakh spindles are supplemented every month. Around 33.7 lakh tons of cotton yarn manufacturing has been estimated for 2010-11.
There is no reason to put a restriction on cotton yarn. The apparel exporters are simply anticipating a fall in the prices in case the yarn exports are stopped. Yarn prices have increased by Rs 21 per kg over a period of one month and it is soon expected to be equal with the polyester yarn prices.
Fibre2fashion News Desk-India
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