This week, Indian cotton prices are likely to be bought high due to heavy purchases by Indian textile mills and yarn mills.
In the past two days, the price of cotton has risen by 8-10%, and the arrival of cotton in the market has decreased. International cotton traders are currently selling their cotton stocks.
Dhiren Sheth, president of the Indian Cotton Association, said demand for lint has picked up. India's northern, central and southern textile mills and yarn mills are all buying lint. Before the arrival of new cotton in the market in October, cotton prices will be firm in the coming months.
In Rajkot Mandi in India, Shankar-6 cotton is offered at 36,500-37,500 rupees/candy (356 kilograms), an increase of 8-10% from the previous week. Traders expect that prices will increase by 5-10% in the next few days.
DK Nair, president of the Indian Textile Industry Federation (CITI), said that due to the 11.5 million bales exported so far, we expect a gap in the domestic market. This will lead to firm cotton prices before September.
Domestic textile and yarn companies import ultra-long-fiber cotton from the United States and Egypt, crude fiber cotton from Pakistan, and medium-to-long-fiber cotton from African and Central Asian countries.
India's imported cotton prices are 4-5% cheaper than domestic cotton prices and are of high quality.
In the past two days, the price of cotton has risen by 8-10%, and the arrival of cotton in the market has decreased. International cotton traders are currently selling their cotton stocks.
Dhiren Sheth, president of the Indian Cotton Association, said demand for lint has picked up. India's northern, central and southern textile mills and yarn mills are all buying lint. Before the arrival of new cotton in the market in October, cotton prices will be firm in the coming months.
In Rajkot Mandi in India, Shankar-6 cotton is offered at 36,500-37,500 rupees/candy (356 kilograms), an increase of 8-10% from the previous week. Traders expect that prices will increase by 5-10% in the next few days.
DK Nair, president of the Indian Textile Industry Federation (CITI), said that due to the 11.5 million bales exported so far, we expect a gap in the domestic market. This will lead to firm cotton prices before September.
Domestic textile and yarn companies import ultra-long-fiber cotton from the United States and Egypt, crude fiber cotton from Pakistan, and medium-to-long-fiber cotton from African and Central Asian countries.
India's imported cotton prices are 4-5% cheaper than domestic cotton prices and are of high quality.
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