In the past week, cotton yarn prices in India have stopped falling and rebounded. Driven by the rise in cotton prices in recent weeks, yarn mills have begun to increase their quotations to reduce profit losses.
The recent rise in Indian cotton prices is due to the increase in purchases by Indian Cotton Companies and cotton exports. The rise in ICE cotton futures has kept Indian cotton prices at an advantage, with S-6 prices rising by 4.1% in the past four weeks.
Indian yarn mills are once again faced with the dilemma of declining export demand and rising raw material prices. Therefore, the cotton yarn mills suddenly raised their cotton yarn export quotations to reduce profit losses. It is reported that the prices of domestic cotton yarn and blended yarn in India have increased.
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 still cannot keep up, especially for textile mills in the southern region. . In the past ten years, India’s cotton exports have decreased by 42%, while imports have increased by 356%.
