Cotton Prices In Northern India Declined Due To Sluggish Demand: &Nbsp; 100&Nbsp; Rupee.
On the 18 day, cotton fell more sharply in northern India because of the downturn in demand and the increase in volume.
Traders said that because of poor yarn demand,
cotton
The quantity of goods arrived is large, and the demand for cotton is limited.
Because the large spinning mills believe that the supply of raw materials will be stable, they only buy the cotton that is needed immediately.
Textile mills will not have inventories until the cotton is reduced to at least 3200 rupees / Meng De.
25000 cotton bags arrived in the north of India.
The total number of goods arrived in the country is 78000 bales.
Punjab spot RG cotton trading price 3610-3660 rupees / Mende, Jali state trading price 3660 rupees, Rajasthan deal
Price
3640 rupees / Mende.
The price of yarn and grey cloth may be reduced due to weak demand.
Polyester may also be weak due to high inventories and falling cotton prices.
The 30 combed cotton yarn exported for export is quoted at 3.50 US dollars / kg CNF.
30 combing in China
Cotton yarn
The quotation is 175 rupees / kg, while the price of 30 single PC yarn is 168 rupees / kg.
Not only in India but in the world, textile value chains are struggling because of sluggish demand, which may put pressure on cotton.
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