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To ensure competitiveness in China, India’s cotton yarn export prices have been lowered

by:Chengyi     2021-03-15
In the past seven days (August 2-8), India’s cotton prices have fallen slightly, while yarn prices have remained unchanged, the exchange rate of RMB against rupee has remained stable, and export prices have rebounded.  According to statistics, in the past seven days, the price of Indian cotton S-6 dropped by 200 rupees to 48,100 rupees/candi, a decrease of 0.41%. The domestic price of 30S pure cotton knitting yarn remained unchanged at 221 rupees/kg, and the profit margin of local spinning enterprises increased.   In recent months, the exchange rate of the RMB against the Indian rupee and the U.S. dollar has fallen, China's import prices have risen, and the import demand for cotton and cotton yarn has both fallen. In order to ensure its competitiveness in China, the prices of cotton and cotton yarn that India exports to China have been lowered. According to statistics, in the past seven days, the export CNF price of Indian 32S cotton yarn fell slightly by 3 cents to US$3/kg. The export price of Vietnamese yarn of the same level was US$3.16/kg, Uzbekistan yarn was US$2.98/kg, and Indonesian yarn was US$3.19/kg. .   It is understood that the pink bollworm once again appeared in Indian cotton fields, causing heavy losses to cotton farmers. It is expected that Indian cotton prices will gradually rise due to this support in the future. Article keywords:  Indian cotton yarn exports to China overseas textiles
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