India's Cotton Yarn Exports Will Benefit From Changes In China's Textile Raw Materials Policy.

< p > India media reported that after China's a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > raw material policy changes, India cotton yarn export could increase sharply this year, reaching 2 billion kilograms. < /p >
< p > because of the dramatic changes in the import policy of China's textile raw materials, the export of India's cotton yarn may double this year, reaching a new milestone of 2 billion kilograms. China encourages cotton yarn imports instead of cotton. Due to strong demand from abroad, the number of yarn exporters registered at the India foreign trade administration in the first 5 months of this fiscal year increased by 50% to 593 million kg from 397 million 200 thousand kg last year. < /p >
< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > yarn export < /a > increase will not only increase the number of traders' exports, but also help domestic textile mills expand their spinning capacity in a few years. In addition, exports of more value-added products, rather than ordinary fibers, will support the localization of government raw materials processing, create jobs and raise revenue targets. < /p >
< p > "if the current demand trend continues, we will be able to export 2 billion kilograms of yarn in the current financial year," said Manikam Ramaswami, President of the Cotton Textile Export Promotion Association (TEXPROCIL). < /p >
< p > China imports tax on 1%-40% according to the quantity of purchase, < a href= "//www.sjfzxm.com/news/" > cotton < /a >. The main goal of the Chinese government is to discourage cotton processing. On the contrary, the government encourages textile mills to import cotton yarn that is directly used. < /p >
< p > the Chinese government has a large quantity of cotton and does not intend to put it into the user. Therefore, the order of yarn orders received by India textile mill is larger than that of cotton. < /p >
< p > India Cotton Association (CAI) predicts that exports of cotton will be zero this year, compared with 9 million 500 thousand packages (170 kilograms) exported last year. "If current demand trends continue, cotton yarn exports will outweigh all expectations. Export growth will not affect domestic textile mills, "said Nair, Secretary General of India Textile Industry Federation, DK. < /p >
< p > according to the report, the Advisory Committee of "a href=" //www.sjfzxm.com/ > India cotton yarn < /a "predicts that the export of India cotton yarn in the current fiscal year is expected to grow 14.2% to 1 billion 150 million kilograms. But actual exports may even be even higher. The overall cotton yarn output is expected to be 4 billion kilograms this year. < /p >
Arun Sakseria, a cotton trader and exporter living in Mumbai, believes that the Chinese government has imposed 40% high tariffs and local taxes on imported cotton to support domestic looms and textile industries. Therefore, for Chinese textile mills, importing cotton is meaningless. < /p >
< p > China is the main destination of India's "a href=" //www.sjfzxm.com/ "cotton yarn export < /a >. < /p >
< p > China produces about 670-700 tons of cotton per year. Compared with that, China consumes 9 million 500 thousand tons of cotton per year. China has already drawn up a policy, and the gap should be settled through the import of "zero" tariff, and the increased number of overseas purchases will be subject to high tariffs. < /p >