Falling Cotton Prices In India Attract Exporters Back To Market
Gujarat and Maharashtra, India
cotton
The price dropped to 33800 rupees, 34000 rupees /candy (356 kg), and cotton exporters began to actively purchase.
Meanwhile, demand for local factories is also beginning to surface, as garment manufacturers begin to demand goods.
Traders say cotton prices fluctuate between 500-1000 rupees a day.
Strong demand from China is expected to ensure that cotton exports exceed 8 million 500 thousand packages (170 kg / pack) this year, similar to that of 2007-08.
DhirenN Sheth, President of India Cotton Association, said that India's cotton price is the lowest price in the international market.
In the domestic market, the ginning factory has received orders from textile mills everywhere.
Fabric and
clothing
And so on.
Vardhman Textile Group in Ludhiana expects the next few months.
paction
Will be active.
The export market and domestic market rebounded, and yarn prices improved.
SPOswal, chairman of Vardhman group, said the spinning factory has already booked many orders, and its business is expected to resume.
The company exports 5000 tons of yarn per month.
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