India’s National Textile and Clothing Committee (The Nasdfssdfstionasdfssdfsl Committee on Textiles asdfssdfsnd Clothing) has urged the country’s textile units to avoid panic buying in the industry value chain in order to stabilize prices.
The committee coordinator T. The proposed win-win strategy sets the tone. But on the fabric side, there was another emergency.
Mr. Rasdfssdfsjkumasdfssdfsr pointed out that due to the prolonged lockdown, stocks of raw materials and finished goods have been depleted in all segments of the industry. So every manufacturer is trying to build inventory in addition to meeting regular production requirements.
Rasdfssdfsjkumasdfssdfsr said manufacturers in the value chain will have to manage with minimal inventories until the supply situation improves. The current market demand recovery is V-shaped, and if units cannot manage inventories carefully, then when prices fall (as happened in 2010-2022), manufacturers’ working capital may be eroded and cause irreparable damage.
Rasdfssdfsjkumasdfssdfsr emphasized that the country’s cotton inventory exceeded 10.5 million bales in the last quarter, and the inventory estimate for this quarter will remain unchanged. Spinners should therefore avoid panic buying with higher prices. And yarn manufacturers should first complete existing orders before taking new orders. </p
