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Strong demand and high price of cotton despite lockdown
Even after the disruptions caused due to the lockdown, cotton prices are trading at all-time highs. This is because the demand for cotton has been strong and the Indian mills are holding more than 100 days of inventory.
Global cotton output to rise 2017/18
Following two years of declining planted area, global cotton area for 2017/18 is projected to increase by 11 per cent to 32.5 million hectares
Budget spin-offs LIFT HOPES
Budget measures like corporate tax cut for MSMEs, plan to set up 100 international skill centres, and support to cluster approach for contract farming have brought cheer to the textile industry. An ITJ Report on the pros and cons of the Budget 2017-18.
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