India's new cotton comes on the market, cotton yarn prices fall

In the past week, Indian cotton prices have been affected by the launch of the first batch of new cotton. Cotton yarn prices have continued to fall, and other yarns have begun to stabilize. Cotton yarn prices fell 2 rupees/kg, blended yarn prices fell 3 rupees/kg, polyester and viscose yarns and pure polyester yarns remained stable.　　 At present, new cotton in Punjab, India has started to go on the market. This year, the minimum purchase price of MSP has increased very little. Indian cotton companies will not purchase before the start of the new year (October 1), and domestic cotton prices will be under pressure in the short term. However, after the start of the new year, as the government purchases begin, cotton prices will not fall sharply.　　At the same time, the Indian textile industry is facing shrinking, the demand for knitted apparel and fabric manufacturers has decreased year-on-year, and the spinning mills have to face the problem of sharp decline in profits for several consecutive months. Article Keywords: 　India Cotton Yarn Cotton Export Cotton Price Overseas Textile