India Cotton Yarn Rising Recent Supply Tension

(Summary description)

India's cotton prices have risen by more than 13% since 2021, The increase was close to 10 per cent in February. Driven by rising cotton prices and domestic and foreign yarn demand, Cotton yarn prices also rose sharply.

According to Indian exporters, In recent weeks, India's 30 combed yarns have risen 30-40%, From 245 rupees / kg in January to 274 rupees / kg. The demand for cotton yarn in India is good, Part of the yarn mill has been sold for 2 months. Now if you want cotton yarn, Until the end of April or May, If you're lucky, In March, stock may be available from manufacturers with stock. At present, Indian textile mills are basically full capacity production, yarn demand increased from december 2020, To force the mill to start full production, But yarn prices have also risen sharply.

South India Textile Factory Association said, Indian yarns rose less than cotton, And the yarn prices fell a few days ago, 40 combed yarns have been reduced from Rs 300 to Rs 275-285/kg. The Indian Textile Exporters Association said, In addition to panic-inducing procurement resulting from increased domestic demand, Export demand also drives up cotton prices, Yarn prices are expected to rise again from March.

China currently buys a lot of Indian yarn, 15-20% more than before. Bangladesh, Peru, Brazil are also importing Indian cotton yarn, Current export demand ranges from 16 to 60. For small and medium mills, As a result of earlier commitments to lower prices, Even a five-cent price increase would force buyers to switch to cotton yarn from other origins.

Keyword:

India,Cotton,Yarn,Rising,Recent,Supply,Tension

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