The US ban on cotton from Xinjiang has led China to import more cotton from other countries such as Vietnam and India. As a result, India’s exports to China increased significantly in Q4 FY21 and share of China in Indian exports increased to 25% in FY21 (from 22% in FY20). In FY22, the momentum in export growth is estimated to be higher due to revival in global economy along with ongoing restrictions on Xinjiang region produced cotton and possible similar restrictions from other countries such as UK, says Anuj Sethi, Senior Director, CRISIL Ratings, in this interview.
Browsing: cotton yarn
According to Cotton Association of India (CAI) estimates, cotton consumption for the current crop year will increase by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.
Cosmo Speciality Chemicals has come up with a clay-based sourcing agent, Eco Clay, for the textile industry. This agent is going to reduce the load on E.T.P up to 30%.
The group has invested $ 150 mn in the Oman textile plant, which has 1.5 lakh spindles and 3,500 rotors in the facility.
The group has invested $ 150 mn in the Oman textile plant, which has 1.5 lakh spindles and 3,500 rotors in the facility.
Cotton Association of India (CAI) has increased its consumption estimate for the current crop year by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.
Cotton Association of India (CAI) has increased its consumption estimate for the current crop year by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.