India's cotton yarn prices rise worse for China's exports

In the past week, Indian cotton yarn prices continued to rise, and cotton prices were still falling. The poor quality of new cotton forced yarn mills to actively import foreign cotton, but cotton exporters were in a dilemma.　　 After several months of continuous decline, the price of cotton yarn in India has risen for three consecutive weeks. The price of domestic cotton yarn has risen by 1% in the past week and 3.4% in the past three weeks.　　 Cotton prices continue to fall, cotton yarn prices rise, and spinning mill profits begin to improve. However, the quality of new cotton in India this year was very poor, and CCI refused to purchase new cotton that exceeded the standard, and the cotton price fell below MSP.　　Indian cotton export quotations have also begun to fall, but because there is no guarantee of the loading period, China does not like Indian cotton. At the same time, India's yarn exports to China are also very problematic, and the recent increase in yarn prices has made the situation worse. The free trade agreement between Pakistan and China makes Indian cotton yarn almost uncompetitive. Article keywords: 　Indian cotton yarn prices