Related Keywords: Cotton Advisory Board, cotton main raw material, domestic production might be less, hit acquisition prices for textile mills, import may be more than estimates, Indian Texpreneurs Federation, international cotton prices lower than Indian prices, mill gate price, South India Spinners Association, steep hike in cotton prices, Textile Industry
The textile industry may import more than the estimates as domestic production might be less than the expected 352 lakh bales and also international cotton prices are lower than the Indian prices. In the last few weeks, there has been steep hike in cotton prices, by about Rs.6,000 a candy which is a matter of concern to the textile industry for which cotton is the main raw material.
