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2018/19 FangQi production profit will be guaranteed - India Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-16
According to the Indian rating data, of the centre for the study of 2017 waste money policy and GST tax policy, the influence of the domestic textiles demand slowdown, the second half of the year has hit bottom, and as the cotton prices continued to fall and the market demand recovery is good, the Indian textile industry production profits will receive support, is expected to 2018/19 of India's cotton textile industry production prospects for stability. 2017/18, India cotton planting area increased 19%, cotton yield increased by 11% year-on-year, while affected by cotton bollworm harm, cotton output and prices are affected, but oil prices reduced the difference between the cotton and chemical fiber, on the polyester/cotton blended yarn substitution rate of pure cotton yarn. Expects global inventories (2018/19, Not including China) Will rise to 56% from 47% in 17/18, China cotton stocks fell by 17% year-on-year. The 2018/19 India textile industry production profit will be protected.
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