China-origin cotton yarn become the cheapest product around the world

Forward imported yarn prices have been far higher than domestic one for a long time this year makes China-origin cotton yarn become the cheapest product around the world. In addition to the ban on Xinjiang cotton, some brand manufacturers selling Xinjiang cotton products exported to US, Europe and Japan were restrained, which made domestic mills and traders actively look for consumption way. Enlarging the export of cotton yarn and cotton fabric becomes a great choice. Indeed, prices of China-origin cotton yarn exported to India are lower than Indian local one during the period when forward imported yarn prices were far higher than domestic one. However, current Indian local cotton yarn prices basically stay flat with China-origin one in line with the great falling of Indian cotton prices. The space for China-origin cotton yarn exported to Indian will not be great as there is high customs duty reaching 11%. Indian cotton yarn imports and the change of the volume from China will be stated below.