- Indian government takes major measures in textile sector to boost exports, production, demand and job opportunities
- Apr 08,2022
- The global pandemic of Covid-19 affected Indian textile sector initially due to restriction of social gathering. However, the situation has improved in recent months and production and exports have looked up. The export of textiles and apparel during April-January 2021-22 is USD 34.459 billion, posting a growth of 49% over the same period in 2020-21(USD 23.137 billion). In order to overcome the above challenges faced during the pandemic, Indi...
- Why does cotton yarn market stay calm to the surge of cotton?
- Apr 07,2022
- ICE cotton futures have moved up high since mid-Mar and the lead contracts broke through 140cents/lb on Mar 28 with an increase about 20%. Accordingly, ZCE cotton futures increased and May contracts rose about 1,000yuan/mt with an increase of 5% from mid-Mar. However, cotton yarn market stays calm to the surge of cotton. Since mid-Mar, cotton yarn price has walked on its own way and less depended on cotton price. Instead, downstream orders and de...