This week, as international cotton prices fell, Indian cotton and cotton yarn prices fell, but Pakistan allowed the import of Indian cotton, and Indian cotton production was lower than previously forecast, which will provide support for Indian cotton prices. . In the future, CCI’s large quantity of cotton exports will also support domestic cotton prices.
In the past week, domestic cotton yarn prices in India have fallen slightly. However, the continued rise in Pakistan’s domestic cotton prices has adversely affected the country’s textile exports, supporting India’s domestic cotton and cotton yarn prices.
Indian industry research institutions said that the current Indian cotton market is bullish. Due to the recovery of demand in China and Bangladesh, Indian cotton companies are preparing to export 7.5 million bales in the next few months. Stock cotton. And entering the end of the harvest season, the daily market volume of new cotton in India has dropped from 300,000 bales to 125,000-175,000 bales.
As demand increases, Indian traders purchase cotton at prices higher than CCI. Experts predict that the tightening supply and demand in the United States and the world will support international cotton prices, and Indian cotton prices will continue to rise in the long term. </p
