After the turmoil in fiscal 2023-24, operating margins of Indian cotton yarn spinners will improve by 150-200 bps to 10.5-11 percent in fiscal 2024-25 after hitting decadal lows of 8.5-9 percent in previous fiscal. According to a CRISIL report, in fiscal 2023-24, profitability was affected by
Chinese cotton yarn import volumes from India jumped four times to 248,000 tons in 2023 as against 56,400 tons in 2022 and accounted for 16 percent of total cotton yarn imports. The total Chinese import volume of cotton yarn for 2023 totaled 1.55 million tons, growing by a massive 41.9 percent compared to 1.09 million […]
In a recent research note by ICRA on the domestic cotton spinning industry, the rating agency has anticipated a robust 12-14% growth in demand for FY2024, driven by a surge of 85-90% in yarn exports. This upswing is attributed to a shift in sourcing preferences away from China and heightened expectations of increased demand in […]
India’s exports of cotton yarn in September 2023 totaled 103,100 tons by volume, growing by a massive 293.11 percent year over year, but declining 11.12 percent over its previous month. In the same month, China dropped down to second position among exports of Indian cotton yarn, when it reached 24,328 tons, a leap of 1,836.13 […]
China Slips to Second Place in Indian Cotton Yarn Market, Bangladesh Claims Top Spot In September 2023, the export dynamics of Indian cotton yarn (HS 5205) witnessed notable shifts. The total export volume reached 103,100 tons, marking a significant year-on-year surge of 293.11%, despite a month-on-month decline of 11.12%. China, traditionally a dominant market, slipped
50,000 tons of Australian cotton can now be exported to India at zero percent import duty as against the 11 percent import duty imposed by the Indian government. This move is expected to encourage Australian apparel brands who wish to manufacture garments in India, using Australian cotton. Last week, a delegation made up of Cotton […]
Yagi & Co has developed a proprietary system for consistent traceability from cotton field to yarn, via a proprietary management system that links the international certifications for Indian organic cotton. According to the Japanese company, there are several international certifications and standards for organic cotton. These begin with cotton ginning to ensure
In its latest report, the Cotton Association of India (CAI) has retained its cotton crop estimate for the 2022-23 season at 311.18 lakh bales of 170 kgs each. The total cotton supply for the months of October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, […]
Indian cotton yarn industry is likely to witness 5-7 percent year on year growth in sales volume, while the operating margin is expected to expand by 100-150 bps from a year ago in fiscal 2023-24. “Factors contributing to this improvement include the alignment of Indian cotton prices with international prices and a shift in demand […]
Cotton textiles exports have dropped drastically, negatively affecting the overall T&A exports from India India’s textile and apparel (T&A) sector witnessed a major drop of 17.9% in FY2022-23. The exports earnings in the same year totalled US$ 35666.78 million, while in FY2021-22, the earnings were US$ 43437.50 million. The sector contributes 8% to country’s total