Indian yarn mills raise cotton yarn prices, but the increase is still smaller than that of cotton

Indian yarn mills raise cotton yarn prices, but the increase is still smaller than that of cotton

In the past week, Indian yarn mills have continued to increase cotton yarn prices, and the increase is still smaller than the increase in cotton prices.

The price of domestic 30-count combed yarn in India rose by 1 rupee that week, with a cumulative increase of 5 rupees in the past three weeks, an increase of 2.2%; the price of 40-count combed yarn increased by 1 rupee, In the past three weeks, it has increased by 4 rupees, or 1.7%.

The Indian Cotton Association once again lowered India’s cotton production to 32.1 million bales. Affected by this, Indian cotton prices continued to expand, with S-6 rising by 7.2% in the past four weeks.

As cotton prices rise sharply while yarn price increases are very limited, Indian cotton yarn production may decrease in the near future. At present, the demand for cotton is gradually decreasing, and the rise in cotton prices has begun to show signs of decline.

Currently, Indian cotton and cotton yarn exports lack competitiveness, especially in China. Pakistani cotton yarn has benefited from currency depreciation and has good sales. The Indian rupee exchange rate continues to strengthen, driven by overseas financial capital. Prices for Indian cotton yarn at China’s main port have risen, and after international cotton prices have rebounded in recent weeks, rival cotton yarn prices have also been raised.

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