Indian yarn mills raise their export quotations for cotton yarn to reduce profit loss

In the past week, India’s cotton yarn prices have stopped falling and rebounded. Spinners have begun to raise their quotations driven by the rise in cotton prices in recent weeks to reduce profit losses.　　 The recent increase in cotton prices in India is due to the purchase of Indian cotton companies and the increase in cotton exports. The rise in ICE cotton has kept Indian cotton prices at an advantage, and S-6 prices have risen 4.1% in the past four weeks.　　Indian yarn mills are once again facing the dilemma of falling export demand and rising raw material prices. For this reason, they suddenly raised their export quotations for cotton yarn to reduce profit loss. It is reported that India's domestic cotton yarn and blended yarn prices have risen.　　 India’s cotton production this year has increased year-on-year, exports have rebounded, and import demand has also increased, indicating that the supply of high-grade cotton is still unable to keep up, especially for textile mills in the southern region. In the past ten years, India’s cotton exports have fallen by 42%, while imports have increased by 356%. Key words of the article: 　Indian cotton yarn cotton export cotton price overseas textile