*Cotton woven yarn prices in India & China to rise this winter*
*Prices of China’s 32/1 combed cotton yarn and India’s 30/1 combed cotton yarn are expected to rise during the peak season for textiles and clothing as the demand for winter clothing is expected to increase in the coming months. The demand for new cotton is also expected to move up in China and will likely be procured immediately by the country’s spinners.*
*The rising demand from western countries will also strengthen the price of the cotton yarn.*
*The 32/1 combed cotton yarn price went up from 24.26 CNY/kg in January 2021 to 26.57 CNY/kg in June 2021. It further increased by 6.89 per cent to 28.40 CNY/kg in August 2021.*
*The price is expected to touch 30.04 CNY/kg in November 2021, recording a rise of 5.77 per cent.*
*The price of 30/1 combed cotton yarn was ₹254.81 per kg in January 2021, which increased by 4.62 per cent to ₹266.59 per kg in June 2021. It further grew by 4.13 per cent to reach ₹277.59 per kg in August 2021. The price is
now likely to record a 3.71 per cent increase to reach ₹287.89 per kg in November 2021.*
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