Sino US Trade Disputes Escalate India'S Cotton Exports

Over the past seven days (13-19 June), cotton prices in India dropped slightly along with the international market, and cotton yarn prices rose further.

With the escalation of Sino US trade disputes, China's demand for India's cotton imports is growing again, and India's cotton prices will be supported. But at the same time, India's domestic textile mills will face the pressure of rising raw material costs, and cotton yarn exports will be blocked again.

After China imposed 25% additional tax on cotton imports from the United States, international cotton prices fell sharply and are now falling to a lower level.

The Sino US trade war has already had an impact on Asian commodities. As the price of cotton in the early international market has surged to a very high level, the adjustment of the market is not surprising at present.

In June 20th, the India rupee fell again, and the outbreak of Sino US trade war would trigger a sharp fluctuation between currencies.

According to foreign countries

Brokerage firm analysis, the recent rupee devaluation has increased the competitiveness of India cotton, coupled with the advantages of freight, India cotton exports increased significantly.

India Cotton Association expects that India cotton output will increase by 8.3% over the same period this year, which will help increase exports.

According to the US Department of agriculture, China has signed up to import 1 million 500 thousand packages of cotton and cotton this year. At the moment, American traders worry that the order will be cancelled.

For the latter part, American traders believe that although India cotton will seize the opportunity to seize China.

However, China's demand for us cotton is very stable, and it will still import cotton from the United States indirectly. Textile mills can make purchases through Vietnam or pay customs duties as much as possible.