Indian flower yarn prices continue to rise

In the past week, India's cotton yarn prices continued to rise, the profit margins of yarn mills improved, and domestic cotton prices rose due to CCI's large-scale acquisition.　　In the week, 30 knitting yarns in India rose 4%, and 40 combed yarns rose 2.9%. Within 3 months, Indian cotton yarn prices rose by 13-20%. The reason for the rebound in cotton yarn prices was the sharp rise in cotton prices, which rose by 13.9% in 3 months.　　 At the same time, CCI bought a large amount of cotton to raise the price of cotton, and cotton farmers took advantage of the high price to actively sell, resulting in a record high in new cotton market. At the same time, CCI also sells stock cotton to textile mills and foreign buyers at low prices.　　 Recently, India signed large cotton export orders with China and Bangladesh, and the fall of the rupee against the renminbi stimulated Chinese demand. Due to the depreciation of the rupee and rising global prices, exporters are able to reach contracts. Indian cotton exports may jump 40% to 7 million bales in 2020/21, the highest level in 7 years. The export volume last year was nearly 500,000 bales. Article keywords: 　India cotton yarn cotton yarn prices overseas textiles