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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.
Indian textile industry needs value-addition
Indian textiles sector needs to refocus and concentrate on value addition. Textile industry in India is in distress due to sluggishness in yarn uptake by the upstream sectors.
Mali eyeing cotton export to India
Mali, which produces eight lakh tonnes of cotton a year, is looking at direct exports of cotton to the Indian textile industry.
Cotton king under siege?
Cotton imports by China in June have fallen by 26 per cent already. The see-sawing of prices in major countries including India is causing a lot of anxieties. Chinese prices are under pressure from significant left-over commercial stocks as well as sales of state reserve cotton, kicked off recently.
A Raw Deal
China, the world's largest cotton importer, accounting for more than 60 per cent of total raw cotton exports from India, has upset the calculations of Indian cotton sector following a marked fall in demand from that country.
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