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What can be said for cotton fibre market movements in India and globally?
Many expectations and analysis are coming through.
However, things are not in our control. The situation is crazy which no body
has seen ever in history.
There is shortage
of fibre in the world, and definitely the fibre demand is increased in the market.
The sales everywhere in US and Europe have
gone up in retail, so the buying has increased, and overall world inventory
level has come down because this year there has been very adverse climatic
conditions impacting raw materials-feedstock all over the world.
It started from Pakistan
having floods then it went to US with Texas having
snowfall, North China having snowfall, India having the longest tenure of
rain going till October- November, and finally to add -Australia also
had floods.
There has been a great damage of crops and at the same
time there has been an increase in the demand. It’s been a double impact.
Trade Policies are the major problem in India.
Published on: 24/03/2011
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.
