India’s cotton yarn exports to both traditional and newer markets are on the rise and registrations have increased by 17.8 percent in May 2012, according to the data with the Directorate General of Foreign Trade (DGFT).
Total export registration for cotton yarn grew to 74.5 million kg in May, compared to export registration of 63.2 million kg in the same period last year.
Cotton yarn export registrations during February to April this year were in the range of 60-64 million kg, the DGFT said.
The increase in cotton yarn exports is being attributed to revival of demand from the traditional markets of the US and Western European countries as well as fresh demand from Latin American and some Southeast Asian countries.
For the current year, Indian Government has set cotton yarn export target of 850 million kg.
Fibre2fashion News Desk - India