Indian cotton prices prices stabilised - strength of cotton yarn exports
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In the latest week, India with drop in cotton prices steady, cotton prices under the condition of MSP increase sharply to keep very strong, mills may decline in profits.
Indian cotton prices stabilizing, 30 combed yarn FOB price 5 cents per kg to 2.
$75 / kg, this is rose for the first time since a long time but still fell 26%, back to the level a year ago.
Cotton export prices suddenly rose was mainly affected by India's domestic cotton prices.
In recent weeks, although India with a market the crop growing, but the price of cotton is very strong.
It is reported that the Indian cotton co. , LTD. (
Have to prepare for a large number of purchase, to maintain price stability.
So far, India cotton spot prices are still higher than that of MSP, CCI temporarily don't start.
In addition, the Indian rupee stabilization to a certain extent, also shows that cotton export prices.
In India's domestic market, polyester staple fiber prices could lead to lower prices of polyester yarn, polyester staple fiber prices this week during diwali India remained stable for the time being.