Polyester-cotton yarn prices have been lowered in the last seven days in India whereas cotton yarn prices and other products have behaved differently, according to our price survey. The level of available cotton in India could have been underestimated, in addition.
Polyester-cotton prices have declined in the last seven days in India, with 50/50 hosiery combed for instance dropping 2 rupees per kilo in Tirupur or 65/35 weaving also down 2 rupees in Bhiwandi.
52/48 poly-cotton knitting in Ludhiana has also declined 2 rupees.
100% cotton yarn prices have remained firm everywhere in the meantime, in line with a stability of cotton prices in the current period.
Large quantities of cotton would have been retained by growers or ginners in anticipation of higher prices in the remainder of the season.
As a result, cotton prices would not further increase in the coming period, as arrivals may be larger than expected.
In addition, India’s production is expected to rebound in the next season.
Source: Emergingtextiles
