India's cotton yarn export prices rise

In the past week, affected by the decline in domestic cotton prices and the decline in demand, the prices of Indian cotton yarns fell across the board. With the fall in yarn prices, 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. That 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/kg.　　 The rebound in the renminbi exchange rate also stimulated China’s cotton yarn imports. India’s cotton yarn exports to China have rebounded month-on-month in September, 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, and the income of Indian cotton farmers will also decrease, and the output will fall next year, which will stimulate cotton imports.　　 Keywords in the article: 　Indian cotton yarn export prices rise