Stuck payment, discount: China puts Indian hair exporters in tough position

China has put Indian hair exporters in a tough position as Beijing has not released a payment of Rs 300 crore against their exports. Moreover, Chinese buyers, who account for 80 per cent of Indian hair exports, are asking exporters to ship hair at a discount of 40 per cent, reported The Economic Times on Tuesday. 

The 40 per cent discount being asked by China will put pressure on the margins of Indian exporters, who sell hair at an average price of $150-$200 per kg. 

“Many hair exporters have sent hairs to China without letter of credits. They have sent