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Indian cotton export prices rebound - Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-01
In the latest week, affected by domestic cotton prices and falling demand, cotton prices fell across India. As the yarn price is down, Indian cotton export competitiveness is expected to increase. In the week, India domestic cotton prices fell 1 - 2 rupees per kilogram, cotton and chemical fiber prices and weak demand led to mills margins. Flower yarn prices continue to fall will eventually allow India to cotton export competitiveness. In the week, India cotton export prices rebound 10 cents per kilogram, 30 combed yarn FOB price up to 2. $55 / kg, or 4. 1%. Polyester/cotton yarn prices also rose 5 cents to 2. $35 / kg. The RMB exchange rate rebound also stimulate Chinese cotton imports, India cotton yarn to China in September year-on-year exports have rebounded, but is still falling sharply. The Indian cotton company has not yet started to purchase the crop, reason may be that a lack of money, Indian cotton farmers income can also be reduced, production will decline next year, thus stimulating the import of cotton.
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