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India's cotton consumption drops significantly, yarn prices continue to fall

India's cotton consumption drops significantly, yarn prices continue to fall

  • Categories:Industry news
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  • Time of issue:2020-05-22
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(Summary description) In the past week, Indian yarn prices continued to fall. This year, India ’s cotton consumption is expected to decrease by 15.0% and cotton production will increase, so cotton and yarn prices may fall sharply.

India's cotton consumption drops significantly, yarn prices continue to fall

(Summary description) In the past week, Indian yarn prices continued to fall. This year, India ’s cotton consumption is expected to decrease by 15.0% and cotton production will increase, so cotton and yarn prices may fall sharply.

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-05-22
  • Views:0
Information

【Summary】 In the past week, Indian yarn prices continued to fall. This year, India ’s cotton consumption is expected to decrease by 15.0% and cotton production will increase, so cotton and yarn prices may fall sharply.

In the same week, the price of Indian cotton yarn continued to fall, and 30 knitting yarns fell by 8% in three months. In recent weeks, India ’s cotton and chemical fiber prices have continued to fall, and spinning mill profits have shrunk significantly.

Although Indian business activity has slowly recovered, the demand for clothing in Western countries is still very weak. However, many garment factories in India began to produce masks, hoping to export to the United States and Europe as soon as possible. At present, the Indian government is concerned about the insufficient supply of masks in the country and temporarily banned the export of masks. Once the decree is cancelled, India will immediately begin to export in large quantities.

Affected by the epidemic, India's cotton consumption is expected to decline sharply this year. According to the USDA ’s forecast, India ’s cotton consumption is expected to fall by nearly 15% this year.

At present, the price of Indian domestic cotton is artificially increased by the purchase of Indian Cotton Company, which leads to a decline in the competitiveness of Indian cotton yarn in the international market. As India's cotton production increased by 18% this year, and cotton farmers and CCI will start selling inventories, Indian cotton prices are expected to fall sharply.
 
In the past week, Indian yarn prices have continued to fall. This year, India ’s cotton consumption is expected to decrease by 15.0% and cotton production will increase, so cotton and yarn prices may fall sharply.

In the same week, the price of Indian cotton yarn continued to fall, and 30 knitting yarns fell by 8% in the past three months. In recent weeks, India ’s cotton and chemical fiber prices have continued to fall, and spinning mill profits have shrunk significantly.

Although Indian business activity has slowly recovered, the demand for clothing in Western countries is still very weak. However, many garment factories in India began to produce masks, hoping to export to the United States and Europe as soon as possible. At present, the Indian government is concerned about the insufficient supply of masks in the country and temporarily banned the export of masks. Once the decree is cancelled, India will immediately begin to export in large quantities.

Affected by the epidemic, India's cotton consumption is expected to decline sharply this year. According to the USDA ’s forecast, India ’s cotton consumption is expected to fall by nearly 15% this year.

At present, the price of Indian domestic cotton is artificially increased by the purchase of Indian Cotton Company, which leads to a decline in the competitiveness of Indian cotton yarn in the international market. As India's cotton production increased by 18% this year, and cotton farmers and CCI will start selling inventories, Indian cotton prices are expected to fall sharply.

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