Cotton prices fell in northern India, polyester-cotton yarn also fell
Foreign news on May 17, cotton transaction prices in northern India fell. Cotton prices in Haryana have declined due to quality concerns, while prices in Punjab and upper Rajasthan have remained stable. Traders said that due to sluggish demand in the textile industry, textile companies are cautious about new purchases. At the same time, there is an oversupply of cotton and textile companies are seeking to reduce production. Cotton from northern India arrived in 5,500 bales (170 kg each). Cotton is traded at Rs 6,030-6,130 per morind (356 kg) in Punjab, Rs 6,075-6,175 per morind in Haryana, Rs 6,275-6,375 per morind in Upper Rajasthan, and 58,000- rupees per morind in Lower Rajasthan. 60,000 rupees.
Due to weak demand, reduced export orders and low raw material prices, polyester staple fiber, polyester cotton and viscose yarn prices fell across India, triggering concerns about production cuts and inventory accumulation . The reluctance of global brands to place large orders for winter has heightened concerns across the textile industry.
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