India Textile Industry Was Forced To Switch To Polyester Yarn To Reduce Its High Cost Of Cotton.

When the India government and textile industry When there is friction on the issue of cotton exports, India cotton The price has risen to 400 rupees / weight, forcing the textile industry to turn to polyester yarn to reduce the amount of expensive cotton.

Lint price has risen to 4000 rupees -4005 rupee / maund (37.324 kg), compared to 3710-3730 rupees / maund last week. Similarly, the price of raw cotton has risen from 3600-4000 rupees / kg last week to 4200-4400 rupees / weight.

The textile industry complained that the government had led to soaring cotton prices. They said that the government allowed cotton exports to be irrational measures to encourage farmers and cotton traders to hoard cotton.

However, the association of dealers Price There is another way of increasing. India North Cotton Association said that the arrival time of cotton was postponed, and the reduction of spinning factory purchasing quantity was the main reason for price rise.

The spinning mill said cotton production is not short. The India Cotton Corp said that with the passage of time, the number of cotton arrived gradually increased and prices could not increase substantially. The main reason for this year's cotton harvest is the good rainfall in the rainy season.

In addition, at present, the cotton market has made cotton farmers cheering, and because of the timely rainfall of monsoon, the cotton they planted has gained a good harvest.