Cotton fiber prices have continued their downward trajectory across China, India, and Pakistan, while yarn prices have remained relatively stable, leading to a modest recovery in the cotton-to-yarn spread, though challenges persist, particularly in Pakistan where margins remain compressed. Our report compares the prices of cotton fiber and yarn in China, India, and Pakistan for both previous months and the current month. It provides a comprehensive and up-to-date perspective on the yarn/fiber spreads in each country. Gross margins of domestic spinners are presented on a monthly basis. The historical data goes back 17 years