The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it attractive for Chinese spinners, according to market analysts.
The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it #
The currency conversion rate was 1 Chinese yuan = Rs. 8.87 in Mid-May 2013 and the exchange rate on August 9 was 1 Chinese yuan = Rs. 9.91
The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it #
From January to May this year also, the share of Indian cotton in the Chinese market was greater than the US cotton.
The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it #
In 2013-14, India’s cotton production is expected to reach a record high, and its share in the Chinese market is likely to grow further, while also having an impact on the global cotton prices, analysts say.
The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it #
In view of the continuing wide difference in prices of domestic and imported cotton, Chinese spinning enterprises are forced to rely on imported cotton to reduce their production cost, and correspondingly increase their competitiveness.
The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it #
However, cotton imports are subject to quota restrictions, which make it difficult for Chinese companies to freely use imported cotton.
The depreciation of the Indian currency in recent months has increased the competitiveness of Indian cotton in international market, making it #
Fibre2fashion News Desk - India
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