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Industry News | Time: Jun 23 2017 2:13PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]Cotton yarn supply pattern and related protective policies analysis in India
 
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Dharmendra Goyal, Managing Director of Shreedhar Cotsyn Private Limited, gives his report Cotton yarn supply pattern and related protective policies analysis in India.


Mr. Goyal delivers his report in the following aspects.

First, Cotton fiber supply. Cotton Use (25.2MMt) forecasted to surpass production (24.65MMt) 3rd year in a row. Usage increases in Vietnam followed by China, Bangladesh and India. Ending stocks to rise in rest of the world again, while they still decline in China. India has 53 Mn Short Spindles, 21% of world capacity, with 45% of machinery less than 10 years.

Second, Global Cotton Yarn trade. 79% of exports originate in Asia. India, China together hold the key to Asian Cotton Yarn Trade. Vietnam is gaining share with Chinese Investments and Zero duty access to Chinese Markets. Other than China, only Bangladesh has major growth.

Third, Protectionism is on the rise. Per WTO, as of May 2017 There are a total of 274 Physical Regional Trade Agreements in force & 440 cumulative notifications. ACFTA , signed in 2002. Cotton Yarn from new spinning investments in Vietnam, replacing India & Pakistan. US signed the FTA with Vietnam. Bangladesh has been a beneficiary of the EU –Bangladesh cooperation Agreement since 2001.

Four, Cotton Yarn Trade a new Emergence. The rise of global cotton yarn trade narrows the arbitrage window of cotton. Meanwhile, foreign exchange rate dynamics can change trade patterns.

At last, Combined Apparel market of India and China to be larger than that of EU & USA combined by 2025. A strategic Indo – China Textile cooperation should be encouraged and allow free trade to grow.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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