In the past week, the domestic price of Indian cotton yarn has been strong, the prices of blended yarn and polyester-viscose yarn have fallen, and the export price of cotton yarn has lacked competitiveness. However, there is still sustainable development after the upgrading of the yarn mill. .
Indian cotton prices fell slightly. In order to stabilize prices, Indian Cotton Company may start large-scale MSP acquisitions, and Punjab has already started. India’s cotton production is expected to increase this year, and exports are expected to rebound.
Polyester staple fiber prices may continue to decline after continuous declines. Last week, polyester-cotton yarn and polyester-viscose yarn fell by 1 rupee/kg.
Cotton yarn export prices face low-price competition from other origins (especially Pakistan). Indian factories may regain their competitive advantage in the future as the EU’s largest retailers rapidly switch to eco-friendly fibers and yarns. The quantity of Indian organic cotton and BCI cotton is large, and the price difference with ordinary cotton is also limited. The high domestic transparency also makes retailers feel reassured about the origin of the materials.
