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When will uncertainty end
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
Textiles Industry Update: Cotton & MMF - Outlook 2020
India’s cotton production is likely to witness a decline of about 15.7 per cent in cotton season (CS) 2018-19 with production at 5.3 billion kg during the year on back of fall in acreage under cotton due to unfavourable weather conditions and uneven and inadequate rainfall in key cotton-growing States.
Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
Cotton demand to pick up
Cotton yarn production in India continued to remain sluggish during the 2017-18 registering only a marginal growth of about 0.1 per cent YoY after declining by about 2 per cent during the same period last year.
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