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India's domestic flower yarn prices plunging exports remain strong - Textile information - Textile net - Textile integrated service provider
As cotton prices fell sharply, September 13 - 20 domestic cotton prices subsequently downgraded, export prices remained firm. According to statistics, last week, India's domestic 30 s combed cotton yarn price is down 3 r/kg, fell by 1. 5%, over the past four weeks down 16 rupees per kilogram, fell by 7. 5%. India S - 6 cotton prices down 1400 rupees/candesartan, fell by 3. 3%, as a result, the Indian textile mills profit gained 6 last week. 9%. By India's cotton and cotton yarn inventory continues to increase, the market consumption continues to weaken, India began to limit textile production schedule. As cotton prices fell, the cotton export prices is expected to cut, but it is understood that the price of Indian cotton yarn is still in the state. Last week, according to statistics, 30 s pure cotton combed yarn FOB export prices rose 5 cents to 2. $95 / kg, but exports to China of the 32 s pure cotton combed yarn FOB prices dropped by 5 cents per kg to 2. $82 / kg. According to the U. S. department of agriculture is expected to Indian cotton yield increase by 11% this year, the consumption increase 2. 1%, ending stocks rose sharply 24%, high yield and high inventory will put serious pressure on cotton prices. With a large number of listed of the crop in October, is expected to cotton prices will fall to a lower level, India cotton and textiles or competitive advantage in export markets.