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Next 2 quarters challenging for Indian cotton yarn sector, India
The anticipated benefit from lower fibre prices by the Indian cotton spinning industry is now expected to be more than offset by the challenges due to the COVID-19 outbreak, according to CARE Ratings,
Viscose yarn imports jump hurting local spinners: ITF, India
There is a huge jump in imports of viscose yarn compared to the previous year, which is hurting domestic yarn manufacturing spinning mills, according to the Indian Texpreneurs Federation (ITF). This
Indian cotton spinning sector to dip 25-30% in FY21: ICRA, India
The Indian cotton spinning sector is expected to log a 25-30 per cent year-on-year decline in revenue and a 300-400 bps contraction in operating margin in FY2021 amid the COVID-19 led disruptions in
Margin of Indian cotton yarn spinners likely to shrink, India
Operating margin of Indian cotton yarn spinners is expected to shrink by 200-400 basis points (bps) on-year in fiscal 2020 owing to a narrowed spread between cotton and yarn prices as compared to last
Indian cotton spinning sector recovers from slowdown: ICRA, India
Indian spinners expect that the overall performance for fiscal 2019-20 will be weighed down by the tepid volumes and weak earnings seen in the first half of the fiscal. This is the likely scenario
India blames US-China trade war for cotton sector slowdown, India
Attributing the Indian cotton yarn sector slowdown to the US-China trade war, textiles minister Smriti Irani recently assured stakeholders of finding a solution to the problem. She was addressing
Indian textile ministry opposes ADD on imported nylon yarn, India
The Indian textile ministry has opposed the final findings of the Directorate General of Trade Remedies recommending the imposition of anti-dumping duty on nylon multifilament yarn. In a letter to the
Indian cotton sector losing with tariff issues: CITI, India
India’s cotton yarn and fabric exports are struggling because of the duty disadvantage faced by the Indian exporters in major markets, pointed out the Confederation of Indian Textile Industry (CITI).
Bangladesh BTMA again calls for ADD on Indian yarn imports, Bangladesh
The Bangladesh Textile Mills Association has once again urged the government to impose anti-dumping duty on cheap Indian yarn to save the domestic industry. Because of the pandemic, hundreds of mills
Indian cotton yarn margins may shrink 100-150 bps: CRISIL, India
The operating margins of Indian cotton yarn spinners may shrink by 100-150 basis points (bps) in fiscal 2019-20 owing to lower cotton output, rising cotton prices and moderating demand, reversing the
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