The past week witnessed a three percent decline in prices and the trend is likely to carry on. The benchmark Shankar-6 variety is trading at Rs 11,642 a quintal, in comparison with the landed cost in southern ports at Rs 11,000 a quintal.
One of the major reasons for this is the decline in the consumption of cotton due to its high cos..
China's revised import policy, made effective from April, has put India's cotton export on declin..
As Jaitley pointed out since financial stability is the foundation of India’s economic reco..
Cotton Yarn is a by product of cotton and is manufactured by processing cotton fiber. India was dominant in producing and also consuming cotton yarns and India’s textile mills produces some of the best textiles. But because the mill owners could not modernize their equipments, they lost to much modern practices adapted in the west and lost their edge. Most of the mills are deserted and its employees jobless. The prime lands where the mills stood have big shopping malls now. The invasion of polyester into the textile industry also added fuel to fire.
The term cloth fibers refers to fibers that can be spun into thread or prepared into fabric by such operations as weaving, knitting, braiding, and felting. Clothes can be woven, from cotton, wool, silk, linen and also polyester. Yarns are made up of any amount of plies, every ply being a single spun yarn.
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India produces yarn of wide range of counts (a measure of linear density), which varies from 2 to 120 and mainly dominated by cotton made yarn.
Spun yarns are used worldwide in a wide range of textiles, apparel and other manufactured products. Spun yarns satisfy more than half the needs of the global textile and clothing industry.
Clothing will always be in high demand and so the demand for spun yarn from cotton will only increase. Major players in textile are China, India, Pakistan, USA, Turkey, Japan, Indonesia, Brazil, Egypt, Taiwan, Hong Kong, Israel, European Union and Mauritius.
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The Textile and Clothing Industry is the largest and prominent sector in Indian economy in terms of manufacturing, foreign exchange earnings and employment generation.
India is also biggest yarn exporter in world having global yarn export market share of 17%. India mainly exports to China, Korea Republic, Bangladesh, Egypt, Taiwan, Hong Kong, Turkey, Japan, Israel, European Union and Mauritius.