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Cotton yarn witnessed higher prices in north India’s markets today as demand improved substantially. Virgin cotton yarn was sold in Delhi and Ludhiana with gain of ₹5-8 per kg. Traders feel that higher cotton prices are also supporting yarn prices. Recycled yarn market in Panipat also noted better b
The sharp fall of cotton price induced great divergences of cost among cotton yarn mills. At present, the cost of cotton stocks of the mills averaged at 18,000-19,000yuan/mt, some higher at 20,000yuan/mt or above 21,000yuan/mt and a few lower at 16,000yuan/mt or around.
Cotton yarn imports of China in Dec reached 131kt, down 20.72% on the year and 8.04% on the month, and also the lowest for a single month in 2021. It amounted to about 1.9967 million tons cumulatively in the whole 2021, up 5.69% compared with that in the same period of 2019
The Economic Coordination Committee of Pakistan’s cabinet has withdrawn customs duty on the import of cotton yarn. The customs duty will remain zero till June and is subject to the approval of the cabinet. The decision was taken on April 14 during a meeting presided over by federal minister for fina
