Global yarn production jumped in Q1/2013 in comparison with the previous quarter as a result of higher output in Asia, North and South America and despite a decrease in Europe, according to recently published statistics from the International Textile Manufacturers Federation.
On an annual basis, global yarn output rose, resulting from higher output in Asia, South America and Europe while production fell significantly in North America.
Global yarn stocks were practically unchanged in Q1/201
Prices of cotton should fall by a minimum of seven to eight per cent to be competitive, which could only happen if there was fall in local physical prices and weakened rupee or both, Indian Cotton Federation President J Thulasidharan said on Tuesday.
If this was not happening, in reality export volume will get limited, and the firming of rupee was also likely to contribute to the adverse parity in Indian prices, he said.
Moreover, China was believed to hold 8.33 million tonnes (MT) of cotton
