Indian cotton prices have increased by more than 13% since 2021, and the increase in February was close to 10%. Driven by rising cotton prices and yarn demand at home and abroad, cotton yarn prices have also risen sharply.
According to Indian exporters, the price of 30-count combed yarn in India has increased by 30-40% in recent weeks, from 245 rupees/kg in January to 274 rupees/kg. Kilogram. At present, the demand for cotton yarn in India is good, and some yarn mills have sold 2 months of output. If you want cotton yarn now, you can only wait until the end of April or May. If you are lucky, you may be able to buy it in stock from manufacturers that still have inventory in March.
At present, Indian textile mills are basically operating at full capacity. The demand for yarn has increased since December 2020, forcing the spinning mills to operate at full capacity. However, the price of yarn There has also been a sharp rise. The South India Textile Mills Association stated that Indian yarn has increased less than cotton, and yarn prices have also fallen in the past few days. 40-count combed yarn has dropped from 300 rupees/kg to 275-285 rupees/kg.
The Indian Textile Exporters Association stated that in addition to panic purchases caused by increased domestic demand, export demand has also pushed up cotton yarn prices, and yarn prices are expected to rise again starting in March. Upregulated. Currently, China purchases a large amount of Indian yarn, 15-20% more than before. Bangladesh, Peru, and Brazil are also importing Indian cotton yarn, and the current export demand has increased from 16 to 60 yarns. For small and medium-sized yarn mills, due to previously promised lower prices, even a 5-cent price increase will force buyers to switch to purchasing cotton yarn from other origins. </p
