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The role of exchange rate and demand makes India's cotton yarn rise

by:Chengyi     2021-03-15
Since June, the Indian rupee has fallen by about 5%, which is beneficial to its cotton and cotton yarn exports. In the same period, the price of S-6 cotton in India increased by about 6.5%, which also drove the price of C40 cotton yarn from 220 rupees/kg to 240 rupees/kg.   Traditionally, the next five months are cotton yarn off-season, but due to the combined effect of the demand support of imported cotton yarn in overseas markets and the depreciation of the rupee, the price of cotton yarn in India has risen by nearly 10% against the trend. Article keywords:  India exports cotton yarn overseas textile
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