Related Keywords: despite a robust demand from Bangladesh. with Chinese cotton auction, during the current financial year, India overall cotton yarn exports, over prevailing fibre rate in India. Indian exporters hoping to see a revival in cotton yarn exports, remained under pressure, sluggish demand from China, started at a twenty five percent premium
India’s overall cotton yarn exports remained under pressure during the current financial year due to sluggish demand from China, despite a robust demand from Bangladesh. But with Chinese cotton auction which started at a 25 percent premium over the prevailing fibre rate in India. Indian exporters are hoping to see a revival in cotton yarn exports.
The first day of Chinese auction quoted cotton prices between Rs 51,000 and Rs 56,000 a candy (356 kgs) as against Rs 42,000 a candy currently prevailing in most local markets here. This means Chinese cotton is costlier by a wide margin.
