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.
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Cotton Association of India (CAI) has reduced its estimate for the cotton crop in the month of May. The estimate of the cotton crop for 2020-21 has been reduced by 0.4 million.
Cotton Association of India (CAI) has reduced its estimate for the cotton crop in the month of May. The estimate of the cotton crop for 2020-21 has been reduced by 0.4 million.
The value-added textile exporters seem to be dissatisfied with the Federal budget as not enough relief has been given to the zero-rated regimes.
The value-added textile exporters seem to be dissatisfied with the Federal budget as not enough relief has been given to the zero-rated regimes.
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.