CMAI’s Apparel Index for Q3 (Oct-Dec FY 2018-19) reveals growth rate was better than previous quarter but still lower than expectation.
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In line with the cotton prices, the cotton yarn prices have also witnessed sluggishness during the period.
CMAI’s Apparel Index for Q2 (July-Sept FY 2018-19) reveals, growth has fallen to almost a no growth level and touched 0.18 points.
Like previous quarters, the biggest brand group – giant brands are growing the most, outgrowing recessionary trends.
Supply of purified terephthalic acid (PTA) in Asia is expected to lengthen in the second half of 2018 as new capacities will start up in the major markets of India and China, amid a slowdown in demand, according to ICIS, a leading petrochemicals market information provider.
The Cotton Advisory Board (CAB) has revised its cotton output estimate to 370 lakh bales (1bale= 170 kg) from the previous estimate of 377 lakh bales for cotton season 2018 beginning October 1, 2017.
Recovery continues in cotton production for 2017-18 with a projected 11 per cent growth due to increased area to a projected 25.4 million tonne (MT).