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Textile bodies appeal for status quo on energy policies in TN
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
Cotton & MMF outlook-2020
World cotton production is projected to be lower than its consumption for the fourth year in row. This has marginally supported the cotton prices in CS19 despite the subdued demand.
Uncertainty in cotton trade continues
In the recent times cotton prices in the entire major cotton-producing countries have been falling posing problems to the farm community. More than that, the production estimates have also been steadily declining, causing worries to the cotton community.
China turns cotton deficit
China needs to triple its cotton imports. With government stocks depleting, China needs to import more to sustain its mills’ consumption.
All-cotton toxic oil absorbent
Sustainable and cost effective all-cotton oil absorbent developed. Recent drone attacks on the world’s largest oil processing facility and an oil field in Saudi Arabia emphasises the important need for safety requirements in the oil and gas sector.
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