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India's cotton yarn export prices fall in 19 years, exports to China will resume

by:Chengyi     2021-03-15
From August 14-21, India's cotton yarn export prices continued to fall. Although international cotton prices have fallen, Indian cotton prices have not changed.   At present, India’s cotton yarn demand is weak, domestic prices are stable, and export prices continue to fall. 30 combed yarns fell by 5 cents to US$3.50/kg. The price of Chinese cotton yarn imported from India has also fallen, falling by more than 3 cents in the past week and 8 cents in the past four weeks.   The price of 100% chemical fiber yarn in India increased with the price of polyester staple fiber in China, and the price of 30 knitting yarn increased by 2 rupees, an increase of 1.5%. During the Qingdao Yarn Summit last week, the head of the Indian Cotton Textile Import and Export Promotion Committee stated that Chinese demand has been sluggish, but Indian cotton is expected to increase production and quality in 2018/19, which will help spinning companies reduce cotton costs and increase cotton yarn Export competitiveness, so he expects India's cotton yarn exports to China in 2018/19 will recover. Article keywords:  Indian cotton yarn export cotton price overseas textile
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