Cotton export ban episode created uncertainty, says ICAC
Committee fears more textile mills, importing nations may switch to polyester
India’s recent flipflop over a ban on cotton exports has created uncertainty in the market, according to countries that produce, trade and consume the item. The twin development could, in the long term, encourage more textile mills around the world, especially in importing countries, to switch to polyester where supplies are more stable, says the International Cotton Advisory Committee (ICAC)
Publication Date:
14/03/2012