In the past week, cotton prices in India have continued to rise, and heavy rainfall has caused damage to many new cotton crops in different parts of the country.
That week, the spot price of S-6 in India in 2019 increased by 5.2%. As the amount of new cotton on the market increased, prices in various places have fallen, but recent rainfall threatens The yield and quality of new cotton support cotton prices. India’s CCI is expected to resume large-scale acquisitions so that the market price will not be lower than MSP.
In the past two weeks, the sharp rise in China’s cotton prices has also stimulated Indian cotton exports. Domestic cotton yarn prices have also begun to strengthen, and the price of 30-count combed yarn has increased steadily.
The demand for Pakistani cotton yarn at home and abroad continues to increase. In the past week, the price has continued to rise sharply. The low inventory of spinning mills has also given the spinning mills a reason to raise prices.
That week, Pakistan’s 20-count carded yarn increased by 3.63%, the export price increased even more, and new demand continued. However, cotton export prices have begun to stabilize, which means that the rise in cotton and cotton yarn may gradually slow down. In the past four weeks, the spot price in Karachi, Pakistan, has increased by 14.77%. The prices of BCI cotton and organic cotton have also increased accordingly. The price of US cotton in port has increased by 4.32% in a single week. </p
