Indian cotton yarn export prices weakened slightly
In the week of November 1-7, the price of polyester staple fiber in India continued to fall, while the price of cotton yarn remained unchanged. This may be due to the recent decline in profits of yarn mills. Cotton yarn export prices weakened slightly, but the average price in the past four weeks has remained unchanged.
The spot price of S-6 in Gujarat fell, but the prices of other varieties were stable, which is related to the MSP price support in each state.
This summer, India’s cotton yarn exports have recovered. In August, export volume increased by 20% year-on-year, and export value increased by 24% in US dollars. Indian cotton yarn export prices weakened slightly
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