Amid weak demand, cotton price surge adds to woes of yarn mills

The textile industry utilisation levels remain a concern globally and hence, any spurt in cotton prices would certainly tell on industry profit margins -

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March 13, 2024 Highlights Domestic cotton prices jumped by 10-12 per cent in last two weeks India prices toe the trend in global cotton prices which rose recently The problem is that demand for textiles in global markets is not seeing a rebound Domestic demand uptick was not as expected even during the last festive season, although home textiles are doing better than apparel ITMF survey in January shows weak demand internationally but an improvement in business sentiment Unless demand is sustainable, textile makers and spinning mills will...

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