In the past week, Indian cotton yarn prices have continued to rise. Cotton prices have continued to fall under the pressure of an increase in new cotton listings and insufficient CCI acquisitions. Cotton yarn exports in October increased due to falling prices.
Last week, the price of Indian cotton yarn increased by 1.1%, and the cumulative increase in the past four weeks was 4.6%. The price of chemical fiber increased by 5.6%, and the price of polyester-cotton yarn increased by 6.7%. Indian polyester and viscose yarn continues to fall due to lower viscose prices.
Last week, the export price of Indian cotton yarn continued to rise. The price of 30-count combed yarn increased by 8 cents/kg, or 3%, and the cumulative increase in the past three months was 8%. . Demand for Indian cotton yarn exports has improved in recent weeks as Indian cotton prices fell.
At present, India’s CCI purchases have failed to raise the price of seed cotton above the MSP. The reason for the insufficient purchase volume is that CCI has insufficient funds, which has led to continued price decline in recent weeks.
India’s cotton yarn exports fell sharply in October year-on-year, but increased from 67 million kilograms in September to 80 million kilograms.
