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, according to Fibre2Fashion’s market analysis tool TexPro.

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.

Fibre2Fashion News Desk (KD)