Strong Growth of Cotton Yarn Exports in FY19 is Expected in India

Updated 7 Years Ago

The surge in export demand for cotton yarn over the past few months has come as a major respite for the domestic spinners, who had reported a multi-year low profitability during FY2018 amid multiple headwinds. Even though the pace of growth is likely to moderate during the year with the base effect setting in, India is set to record strong growth in cotton yarn exports during FY2019, according to an ICRA report released on Monday. It is expected that the India's cotton exports will jump 43 per cent to 10 million bales in the 2018-19 marketing year on strong overseas demand, mainly from China.

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Anurag Panchal's MCR WORLD

Strong Growth of Cotton Yarn Exports in FY19 is Expected in India

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