India's cotton yarn export prices rebound

In the past week, affected by the decline in domestic cotton prices and declining demand, India's cotton yarn prices fell across the board. As yarn prices fall, India's cotton yarn export competitiveness is expected to increase.　　 During the week, India's domestic cotton yarn prices generally fell by 1-2 rupees/kg. The decline in cotton and chemical fiber prices and weak demand led to shrinking profits of spinning mills. The continued decline in flower yarn prices will eventually restore the competitiveness of Indian cotton yarn exports.　　In the week, the export price of Indian cotton yarn rebounded by 10 cents/kg, and the FOB price of 30 combed yarns rose to US$2.55/kg, an increase of 4.1%. The price of polyester-cotton yarn also rose by 5 cents to 2.35 USD/kg.　　 The rebound of the renminbi exchange rate also stimulated China's cotton yarn imports. In September, India's cotton yarn exports to China rebounded from the previous month, but they still fell sharply year on year.　　 At present, Indian cotton companies have not yet begun to purchase a large amount of new cotton. The reason may be a lack of funds. The income of Indian cotton farmers will also decrease, and the output will fall next year, which will stimulate cotton imports. Article Keywords: 　India Cotton Yarn Cotton Export Cotton Price Overseas Textile