Sign in | Join free

Pakistan loses chinese cotton yarn orders to india

Pakistan loses chinese cotton yarn orders to india Source: www.ccfgroup.com
Date: 22-02-2013
Visits: 200
Very Poor

Pakistani cotton spinners have lost the opportunity to sell thousands of tonnes of cotton yarn to China, hindered by severe power shortages.

Mahesh Kumar, president of Pakistan's Cotton Ginners' Association said, "For two months in the winter there was hardly any electricity for the industry in the state of Punjab where 75% of our spinning mills are based."

According to Kumar, 80% of Pakistani yarn exports are sold to China, but in the past two months only 25% of yarn companies continued to operate their mills using costly in-house electricity.

Until the power cuts, exports to China were booming he said - with average exports at 65,000 tonnes-a-month, compared to 40,000 tonnes, two years ago - so 30,000 tonnes of orders could have been lost.

Most Pakistani exporters have seen their Chinese clients switch to Indian mills.

Indeed Indian yarn exports to China are rising fast and are projected to register a 60% to 70% year-on-year increase to 300,000 tonnes in the year ending March 2013, said Manikam Ramaswamy chairman of India's Cotton Textiles Export Promotion Council.

Ramaswamy said Indian mills had responded to fresh demand from China for thicker yarn. Indian mills are manufacturing heavier yarn for Chinese exports.
 
like 297 Unlike 33
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32342 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
jesyp
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room