In recent weeks, Indian yarn factories continue to raise cotton yarn prices, but the increase is still smaller than cotton prices.

In India, the 30 combed yarns rose 1 rupee in the week, up 5 rupees in the past three weeks, up 2.2 percent. The 40 combed yarns rose 1 rupee, up 4 rupees in the last three weeks, up 1.7 percent.

The Indian Cotton Association has again cut its cotton production to 32.1 million bales. Affected by the impact, cotton prices in India continued to expand, with S-6 up 7.2 percent in the past four weeks.

Cotton production in India is likely to decline in the near future as cotton prices soar and yarn prices are limited. At present, cotton demand is gradually reduced, and cotton price rise has begun to show decadence.

India's cotton and cotton exports are currently uncompetitive, especially in China, where Pakistani cotton yarn has benefited from currency devaluation. The Indian rupee continued to strengthen, driven by overseas financial capital. Indian cotton yarn prices rose at China's main port and international cotton prices rallied in recent weeks, as did rival cotton yarn prices.

From http://info.texnet.com.cn