Related Keywords: cotton demand, cotton yarn import, purchasing power, spinning mills, yarn production
With China continuing to decrease cotton yarn imports from India, demand for cotton from domestic spinning mills for producing yarn is set to decline, it is also low purchasing power that has led to fall in demand for cotton.
According to K Selvaraju of South Indian Mills Association (SIMA) there have been fall in demand since April 15-20%, due to that cotton prices have already declined by around Rs 500 per candy and are expected to decline by another Rs 1000-2000 per candy owing to poor demand from spinning mills.
