With cotton prices at historic high, Where is textile spinning sector (yarn mills) heading to!
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12th October 2021, Mumbai:
Amongst other reasons fuelling Cotton prices the ongoing US-China standoff only flares it, but the spinning sector (yarn mills) continue to see demand tailwind thus this textile segment is not unduly concerned as prevailing market conditions/ dynamics are aptly favoring the sector, so far so good.
It is imperative to make a mention here that Cotton prices all across the world continue to be in elevated price mode & are hitting new highs every now & then.
So no-brainer that this World Cotton Day celebrated on October 7, 2021, was marked by optimist sentiment echoing the corresponding mood among cotton growers and traders this year.
The cotton prices have gone northwards since last many months including Sankar-6, (The domestic benchmark variety) which incidentally has witnessed a massive rally having risen more than 53 percent since early this year.
Sources maintain that cotton prices are unlikely to retrace in a hurry whether you like it or not.
It is imperative to make a mention here that Cotton prices all across the world continue to be in elevated price mode & are hitting new highs every now & then.
So no-brainer that this World Cotton Day celebrated on October 7, 2021, was marked by optimist sentiment echoing the corresponding mood among cotton growers and traders this year.
The cotton prices have gone northwards since last many months including Sankar-6, (The domestic benchmark variety) which incidentally has witnessed a massive rally having risen more than 53 percent since early this year.
Sources maintain that cotton prices are unlikely to retrace in a hurry whether you like it or not.
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