Cotton yarn industry expected to spin back to recovery in FY25: ICRA ...Middle East

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Cotton yarn industry expected to spin back to recovery in FY25: ICRA
The domestic cotton spinning industry will recover in FY25, growing 6-8 per cent, rating agency ICRA said on Wednesday. The recovery will be aided by 4-6 per cent volume growth and mild-realisation gains, the rating agency said. The estimated recovery would follow two consecutive years of de-growth on the back of subdued domestic demand and falling yarn realisations. Over two-thirds of the total cotton yarn produced is consumed domestically, where green shoots of recovery are visible from the downstream segments, such as ready-made garments and home textiles. According to ICRA, cotton yarn exports, which rebounded in FY24 on a lower base, are likely to normalise in FY25. "While exports will

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