The overall rise on global commodity prices and weakening of the dollar took a toll on Indian yarn exports in May 2008. Added to this were the fueling domestic prices of cotton and other raw material made Indian goods dearer. Raw cotton prices were up 19% in May compared to January 2008. They were a whopping 28% higher than last year. In similar comparison, cotton yarn prices moved up 11% since January and that of Man-made fibers increased at a moderate 2%. All these factors have made Indian yarn uncompetitive in global markets particularly the USA markets. 
Yarn exports declined 10% in May from their April 2008 levels. Export volume totaled 51,948 tons during the month. Unit price realization averaged US$ 2.88/kg dropping 12 cents a kg. Major declines were seen in export of viscose yarn followed by PC and polyester yarn. Cotton yarn exports too dropped 6.67% in May. The average price realization of cotton yarn was US$ 2.86 /kg, that for PC yarn was US$ 2.43 /kg and for viscose yarn it was US$ 3.33/kg. Average price realization of polyester yarn was US$ 2.76/kg and for PV yarn was US$ 3.03/kg.
Among major destinations, Brazil was the major importer followed by Bangladesh, Egypt and Korea. Brazil imported 5,582 tons of yarn at an average price of US$2.80/kg. Exports to Bangladesh declined by 26%, whereas that to Egypt and Korea increased. Bangladesh imported 5,252 tons of yarn in May at an average price of US$ 2.80 /kg. Egypt and Korea imported 4,171 and 4,148 tons of yarn respectively.
Yarn exports declined 10% in May from their April 2008 levels. Export volume totaled 51,948 tons during the month. Unit price realization averaged US$ 2.88/kg dropping 12 cents a kg. Major declines were seen in export of viscose yarn followed by PC and polyester yarn. Cotton yarn exports too dropped 6.67% in May. The average price realization of cotton yarn was US$ 2.86 /kg, that for PC yarn was US$ 2.43 /kg and for viscose yarn it was US$ 3.33/kg. Average price realization of polyester yarn was US$ 2.76/kg and for PV yarn was US$ 3.03/kg.
Among major destinations, Brazil was the major importer followed by Bangladesh, Egypt and Korea. Brazil imported 5,582 tons of yarn at an average price of US$2.80/kg. Exports to Bangladesh declined by 26%, whereas that to Egypt and Korea increased. Bangladesh imported 5,252 tons of yarn in May at an average price of US$ 2.80 /kg. Egypt and Korea imported 4,171 and 4,148 tons of yarn respectively.
The detailed export analysis from India on Spun yarn for top count is available at Yarn Export Watch or you call us at +91 22 66291122 to get a free copy of the report
