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Related Keywords: cotton exporter, Cotton futures, cotton harvest, international cotton prices, raw cotton, yarn makers, yarn mills

Cotton futures on the Intercontinental Exchange (ICE) will have a direct impact on Indian prices. ICE cotton futures traded at 74.13 cents on Wednesday. Any spurt in ICE will make a favourable case for Indian cotton exports. Atul Ganatra, President, Cotton Association of India (CAI), the apex trade body comments, “Uncertainty still looms over the trade truce between the US and China. This is causing a range-bound movement for cotton. Indian cotton prices have now bottomed out as there is no room for further correction.

Related Keywords: cotton garments, cotton industry, high cotton price, manmade fiber, switch spindles to polyester, synthetic, synthetic technology, US apparel import, US government data, yarn mills

U.S. imports of synthetic apparel surpasses over cotton garments, as of total 19.43 billion square-meter equivalents of apparel shipped to the United States through September this year, 9.87 billion clothing are made of man made fibers like polyester and viscose, according to the latest U.S. government data.

The cotton industry's fears that cotton is losing the battle to man made fibers as yarn mills have switched spindles to polyester and its cohorts due to years of high cotton prices and improving synthetic technology.

Related Keywords: cotton arrival season, cotton price, cotton trading, India cotton industry, liquidity crunch, new arrival of cotton, poor demand, Saurashtra Ginners Association, SIMA, spinning industry, yarn mills

Cotton, which was quoted at Rs 40,000 per candy last Thursday, was trading at Rs 37,000 per candy (a candy of 356 kg) on Tuesday, registering Rs 3,000 drop in price, a decline by 7.5 percent per candy over the last four days owing to poor demand from yarn mills and following new arrivals of the crop in state like Punjab.