1. Cheaper cotton to help yarn units. 2. Origin laws may put textiles in negative list. 3. 'EPZs cross 3,000 across 116 nations'. 4. PIOs take silk route to India. 5. Dumping duty on China raw silk hits local cos. 6. IFAD to provide $20 million loan to Bangladesh. Indian cotton yarn industry is likely to improve its profitability because of the softening of cotton prices, said a research report prepared by CRIS INFAC, a subsidiary of rating agency Crisil Ltd. Domestic consumption of cotton yarn is likely to register a compounded annual growth rate of 6.2 per cent until 2005-06, the report said. The report noted factors such as bumper cotton production leading to low prices, favourable government policies, andhigh polyester prices as some of the reasons for cotton yarn being price competitive. The removal of quota restrictions provides strong growth opportunities for cotton textiles and consequently, a boost for cotton yarn, the report said. It said that yarn prices have almost remained firm while cotton prices have softened, thereby resulting in improved margins for spinning companies.
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