As Indian cotton prices rose in December, profits from Indian cotton yarn production continued to be compressed. In the week from December 28 to January 4, the FOB export price of Indian cotton yarn was slightly adjusted, with JC30S quoted at US$3.05/kg, and the price of 65/35 30S blended yarn increased by 5 cents to US$2.85/kg.
It is understood that due to rising raw material prices and sluggish market demand, yarn inventories of Indian textile companies are currently at low levels. In terms of exports, due to the impact of international competitiveness, India’s cotton yarn export prices to China have not increased significantly. It is expected that cotton prices in India will increase in the future. Indian cotton yarn stocks are low and export prices have not changed significantly
