Indian cotton yarn export quotations remain stable

According to industry insiders in India, the high cotton price in India has reduced the profitability of the textile industry. Although Indian cotton is not export competitive, the government believes that the price is reasonable. In the past two years, the government has increased the price of MSP by 38%, but cotton farmers are still willing to sell cotton to private cotton merchants. Last year, cotton farmers sold to the government only 3% of the total output.　　 Looking at this year, India’s cotton production is undoubtedly high, and all parties are optimistic about the output. This year's cotton production is expected to increase by 20%, the highest in the past five years. However, despite the high cotton production in India this year, the government still hopes to raise cotton prices. It is expected that Indian cotton prices will remain strong this year. As domestic cotton contains a lot of impurities and does not have long-staple cotton, cotton imports will remain at a high level.　　 According to another source, the price of yarn in India has stabilized in the past week. In the past year, yarn prices have fallen by double digits, and 100% pure polyester yarn has fallen by more than 20%. In the past four weeks, India’s domestic cotton yarn prices have fallen by 2.3%, and polyester and viscose yarn prices have fallen by 3.3%. Most quotations have fallen by more than two digits year-on-year. 30 combed yarns fell 12.6%, and 40 combed yarns fell 13.7%. In the same period, the export quotations of Indian cotton yarn remained stable. Article Keywords: 　India Cotton Yarn Cotton Export Cotton Price Overseas Textile