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The rupee rebound and cotton prices price increase - cotton yarn exports Textile information - Textile net - Textile integrated service provider
Nearly a week, India's domestic cotton prices continue to rise, the reason is that cotton prices continue to strengthen, thus reducing mills profit, the downstream textile and garment industry are grumbling. As cotton prices rising, mills were forced to raise cotton yarn price to ensure profits, but the price cannot be passed to the downstream, the end user refuses to rise in price. Nearly a week, India's domestic cotton prices rose about 2%, but rose is still far less than 7 of cotton prices. 8% increase. Indian cotton output cuts a lot this year, cotton supply is diminishing, mills are trying to fill. Indian cotton has begun on the open market sales MSP purchase of cotton. At present, India cotton lack of competitiveness in the international market, especially recently the rupee continue to rebound. Indian cotton export prices rebound in the rupee and cotton prices leads to rise, the air spinning FOB price rose 10% to 2. $23 / kg, 20 ring spun up to 2. $87 / kg, 30 combed yarn up to 3. 05 - 3. 10 $/ kg. In addition to the cotton yarn prices, blended yarn price stabilizing.