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Cotton yarn exports to Russia down 100%

G. Gurumurthy

COIMBATORE, July 6

COTTON yarn shipment from India to quota countries has sharply declined through the second quarter this calendar year.

The shipment to European destinations alone fell by over 20 per cent in the first five months of this year compared to a 11.5 per cent decline in the overall shipments to different countries of both quota and non-quota markets.

The sharp drop in India's yarn shipment to European region this year has been precipitated by the reversal suffered in yarn export to the Russian market. Yarn export to Russia fell by over 100 per cent this year and as against 16.67 million kg exported b etween January and May 2000, the total quantity shipped to Russia for the same period this year stood pruned to 7.75 million kg.

During the 2000 calendar year, Russia imported a total of 29.48 million kg of yarn valued at Rs 320 crore and the year before last, the total yarn shipment from India to Russia stood at 28.34 million kg valued at Rs 295 crore.

Italy, a key importer of Indian yarn in the European market, has kept the pace of import from India this year too and the total quantity of yarn shipped to Italy between January-May this year was 7.09 million kg, almost the same as last year's 7.81 milli on kg. However, yarn shipment to two other African markets, which are prominent importers of Indian yarn -- Mauritius and Egypt -- has fallen significantly.

Mauritius, whose total yarn imports from India for the full 2000 calendar year, was 32.57 million kg and 12.95 million kg in the first five months of 2000 calendar year, fell to 9.42 million kg this year. As for Egypt, its import from India which remaine d at 6.23 million kg during January-May 2000 fell to 3.97 million kg this year.

However, cotton yarn shipment from India to China is steadily on the rise. China, which imported a total quantity of 23.94 million kg during 2000, is close to achieving halfway mark in its imports during the first five months of this year.

China's yarn import from India so far this year has stood at 11.17 million kg valued at Rs 137 crore.

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