In the past week, affected by weak demand, Indian cotton yarn prices continued to fall. Cotton yarn exports dropped sharply in the second quarter of this year, with total export volume reduced by half and exports to China reduced by 80%.
That week, 30-count combed yarn in Tamil Nadu, India fell by 4.5%, with a cumulative decline of 8.6% in the past three months. Prices in other markets also fell sharply. Cotton prices also fell, but the decline in the past three months was limited. Due to the strong rupee, cotton yarn exports plunged sharply in the second quarter, with both export volume and export value cut in half. Exports to China fell by 82%, and exports to Bangladesh fell by 44%. There is also widespread movement of orders in other markets.
