India spends gauze stabilise prices remain strong GST implementation - Textile information - Textile net - Textile integrated service provider

On August 10 - 16 week, India cotton low inventory, strained cotton supply, cotton and cotton yarn prices remain strong. Listed a lot of the crop is expected in November before, India cotton prices will continue to keep the high level. According to statistics, India last week 30 s cotton combed yarn FOB prices remain in 2. $90 / kg. Ludhiana polyester prices have risen by rs 3 / kg to 147 rupees ($/ kg, 30 s polyester/cotton blended yarn price fell 5 cents to 2. $65 / kg. At present, India basically stable, the implementation of GST tax system, because involves the tax on textile reduced to 5% from 18% before, therefore, is expected in the next period of time, may increase the yarn production. China markets, because India yarn with Vietnam in less competitive on prices, China's demand for Indian yarn gradually reduce, import a lot of Vietnam to yarn.