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Smriti Zubin: Cotton yarn prices to be studied
A third-party study has been demanded by Smriti Zubin on the sudden spike in cotton yarn prices. This price hike has affected the prospects across the value chain of Indian textiles.
What’s happening in India’s cotton & textile sectors
Textile sector is under stress in India. Recently, Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 kg each) as against its previous estimate of 33 million bales (170 kg each).
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