Cotton yarn exports dip due to rupee appreciation, GST levy

China, Bangladesh more inclined towards cheaper imports from Vietnam

India’s cotton yarn exports have declined by 9.79 per cent in the April–July period of the current financial year due to slow pick up from China and Bangladesh, the two large destinations comprising around 50 per cent of overall shipments from India.

Data compiled by the apex industry body Cotton Textiles Export Promotion Council (Texprocil) showed India’s cotton yarn exports stood at 283.18 kgs for the first four months of FY18. In terms of value, however, India’s total cotton yarn exports stood at $916 million.

Domestic cotton yarn manufacturers have been reeling under tremendous pressure since the demonetisation of the