China'S Cotton Pricing Policy Has Not Yet Been Announced, And India'S Exports To China'S Cotton Yarn Have Dropped Sharply.

< p > according to the India media reported on March 24, 2014, because of the slowdown in China's cotton yarn imports, the pressure on "a href=" //www.sjfzxm.com/news/index_c.asp "> India < /a > cotton yarn exports has been caused.

China imported India cotton yarn at a lower price on the basis of the stronger rupee exchange rate adjustment against the US dollar.

China's import price has decreased by 6-7% in the past month, and the current quotation is 3.3 US dollars / kg.

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< p > the president of the India Textile Mills Association (SIMA) said that since February this year, the consumption of China's a href= "//www.sjfzxm.com/news/index_c.asp" > cotton yarn < /a has begun to decline, and the import volume has decreased significantly in March.

Before January, the average monthly imports of cotton yarn amounted to 1.1-1.2 billion kg.

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< p > China is expected to announce the cotton pricing policy in the first week of April.

Therefore, importers are still on the sidelines before importing new cotton yarns.

As cotton reserves are adequate, China will first digest its stock and then buy new ones.

We expect that China's cotton price policy will be beneficial to India, so that the export of cotton yarn will be warmer in May.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > the India Textile Industry Federation < /a > (CITI), the Secretary General believes that China has now shifted its focus to producing high value-added textile products, thus creating more business opportunities and greater benefits for India raw materials suppliers.

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< p > India produces 5 billion 210 million kilograms of yarn in 2013, of which 3 billion 847 million kilograms are cotton yarn.

In the same period, India exported 1 billion 366 million kilograms of yarn, an increase of 42% compared with the previous year.

Although China's demand for India's cotton yarn has slowed down, Pakistan and Vietnam's export of Chinese cotton yarn has not yet weakened.

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< p > although China is a large export market for cotton yarn in India, Pakistan and Vietnam are equally optimistic about the market.

At present, due to the large number of export orders received by India textile DTI Rupp, India clothing and textile exports still show a good growth momentum.

President SIMA predicts that the export of textiles will reach 120 billion rupees in the fiscal year Rupp.

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< p > related links: < /p >

< p > cotton futures fell sharply on Monday, after China announced plans to cut reserve cotton and sell the reserve price plan, which once again worried about China's import demand and triggered a long round of clearing positions.

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< p > the India anti dumping Bureau of the Ministry of Commerce and industry said that it had received applications from domestic industries, and asked for an anti-dumping review review of polyester yarn imported from China, Thailand and Vietnam.

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