cotton industry

Industry Tailwinds Will Support Textile Stocks

Published: April 25, 2023

Due to high cotton costs, sluggish demand, low cotton yarn spreads, and a sizable premium in domestic cotton pricing relative to foreign prices, the Indian textile industry has been experiencing difficulties over the previous few quarters. Domestic cotton prices spiked to Rs. 1 lakh per candy in 2022, which had a considerable negative influence on the profitability of spinning businesses in 2022–2023. For these businesses, cotton is a significant cost component.72% or more of the 194 listed


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