KARACHI: China, the top importer of cotton yarn from India, has significantly reduced its sourcing in recent past. In 2016, China’s cotton yarn import dropped 30 per cent year on year to 960 millionkgs worth US$2,430 million. In similar comparison, import from India declined 49 per cent to US$560 million for 231 million kgs. In June 2016, total imports were at 159 million kgs (US$400 million) as against 216 million kgs in July 2015 (US$593 million). Price-wise, Pakistan was the cheapest supplier of cotton yarn for China, followed by India and then by Vietnam, reports www.yarnsandfibers.com (YarnsandFibers) In June, average import price for cotton yarn from the World into China was US$2.51 per kg. The same from Pakistan was US$2.14 a kg, from India US$2.40 a kg and US$2.55 from Vietnam. In July 2015, the numbers were at US$2.75 a kg (Total), US$2.28 a kg (Pakistan), US$2.72 a kg (India) and US$2.83 a kg (Vietnam).Thus, it is apparent that although prices have dropped over the period, Vietnam prices continued to be remain the highest and Pakistan the lowest. Comparatively, import from India was 34 million kgs (US$82 million) in June 2016 as against 62 million kgs (US$169 million). From Vietnam, yarn imports into China in June 2016 stood at 52 million kgs (US$133 million) as against 46 million kgs (US$130 million) in July 2015. Thus, imports from India fell and those from Vietnam rose, partially covering the reduction from India. However, yarns from Vietnam into China were the costliest among major suppliers including Pakistan. As China has significantly reduced cotton yarn import from India, thus, Bangladesh became the largest importer of spun yarns from India in terms of value in July. Bangladesh imported spun yarns worth US$287 million at an average price realization at US$3.10 a kg while China imported at an average unit price of US$2.57 a kg during the month. Bangladesh paying more for Indian yarns than China.