Home / Knowledge / News / Textiles / Low prices of yarn attract droves of overseas buyers
Low prices of yarn attract droves of overseas buyers
02
Nov '09
The price of cotton and yarn prevailing in the domestic markets was much lower than those prevailing in the international markets, which was creating a demand for both the commodities, said so, a member of the Pakistan Yarn Merchants Association (PYMA).

According to Mr Ghulam Rabbani, PYMA member, price of export landing price of yarn in Bangladesh and other countries was lower the domestic price prevailing in Pakistan and the price difference was as much as 6-7 percent, between domestic and other overseas markets.

This difference he said was creating a demand for Pakistan produced yarn in the overseas markets. Giving an example, he said, the current price of equivalent variety of cotton in New York markets was Rs 132 per kg and in Pakistan it was just Rs 122 per kg (after adjusting for yield).

With such inherent differences, it would be remunerative to export raw cotton and yarn. He said the government should not bow down to pressures from various segments of the textile sector, to ban shipments of raw cotton and yarn in the interest of both the sub-segments.

This difference in prices is attracting overseas buyers, particularly Chinese buyers. As per statistical data, exports of raw cotton and cotton yarn rose by 23 percent and 31 percent respectively by volume in first quarter of the current fiscal year.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search