YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Mauritius apparel exports likely to get hardest hit by Brexit

Related Keywords: accounting for eighteen percent of total exports, likely to get hit, Mauritian currency has strengthened, Mauritius apparel export earnings, medium-sized companies will be hardest-hit, rupee appreciation against the pound, Textiles are Mauritius top export to UK, UK decision to exit EU. Britain largest buyer of Mauritian goods within the EU

Mauritius apparel export earnings likely to get hit by about a 10 percent, in line with the rupee’s appreciation against the pound with the UK’s decision to exit Europe’s common market. Britain remains the largest buyer of Mauritian goods within the EU, accounting for 18 percent of total exports to the bloc. Textiles are Mauritius’ top export to the UK.

About 90 percent of Mauritius’ revenue from export of textile and apparel to the UK comes in pounds while imports are in U.S. dollars.

Spinning mills’ profitability likely to get hit as domestic cotton prices surge

Related Keywords: adversely impact demand, adversely impacting yarn demand, domestic cotton prices, export competitiveness of Indian yarn, export prospects, ICRA, likely to get hit, Profitability of spinning companies, second quarter of this FY, Slow growth in domestic consumption, stagnation in exports, surpassing international cotton prices

The profitability of spinning companies in the second quarter of 2016-17 likely to get hit, with domestic cotton prices surpassing international cotton prices, adversely impacting the yarn demand and export prospects for the spinning industry, ratings agency ICRA said.

Domestic prices of ginned cotton have increased significantly—from about Rs 90-92 per kg in April to around Rs 122 per kg now. Slow growth in domestic consumption and stagnation in exports are likely to adversely impact demand and export competitiveness of the Indian yarn, the agency said.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button