As the Covid-19 situation is getting more complicated across Vietnam, the textile and garment sector is greatly affected. The sector might come down in the coming months.
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The consumption of cotton will be more than its supply in 2021, according to the report by IndexBox. This will cause a high price of cotton and a reduction in the global cotton stock.
As the Covid-19 situation is getting more complicated across Vietnam, the textile and garment sector is greatly affected. The sector might come down in the coming months.
As per reports, the Ministry of Labour and Employment has offered Tk 930 million to 7,000 RMG (Readymade Garment) workers and their relatives. This money was taken from the ministry’s central fund.
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.
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.
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.