In February, cotton prices in international market rose, mainly due to expected upturn in demand for the commodity.
In the month, March contract of New York cotton futures averaged 74.43 cents / lb, up 2.54 cents / lb, or up, 3.5 percent from the previous month.
Average price (CNF Chinese ports) of imported cotton (M grade) was 81.26 cents / lb, 2.30 cents / lb or 2.9 percent higher compared with the previous month.
When converted into local currency, it stood at 14,359 Yuan / ton based on calculation of 1 percent tariff, down 577 Yuan per ton from domestic market price.
Fibre2fashion News Desk - China
20240830145952.gif)
20240924091343.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
