Indian cotton export demand remains weak
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Nearly a week, although cotton prices rebounded, but Indian cotton prices continue to fall, mills falling profits.
In the week, India's domestic S -
1 6 price increases.
Plunged 9%, in August the first week, nearly two weeks to bounce back.
However, cotton prices fell, most varieties down 2 rupees per kilogram, price or more, the reason is the rupee fell again.
Statistics show that nearly three months 10 - India domestic cotton prices fall
Profit of a sharp contraction of 14%, cotton, open probability.
Exports, cotton prices rebounded limit mills price cut space, by a trade war with China, Britain and the impact of the recession, India cotton export demand remains weak.
The United States department of agriculture is expected to 2019/20 Indian cotton consumption increases, cotton output growth will exceed the yarn production growth.
Recently, however, India's poor weather may have an effect on production, MSP prices will increase mills applied cost.