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Rapid decline in spinners’ profits
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Rapid decline in spinners’ profits

Views:0     Author:Site Editor     Publish Time: 2020-05-27      Origin:Site

Rapid decline in spinners’ profits
The spot price of Indian cotton also declined from Rs 39,400/maund at the start of Chinese New Year holiday to Rs 37,100/maund. Although this reduction was a result of depreciation of Indian rupees, profits of Indian spinners also declined rapidly. Based on the one-month and two-month cotton stocks, these spinners suffered losses about 10cents/kg.

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