Expect second half of the year to be better than the first half of the year for cotton, says CRISIL

Expect second half of the year to be better than the first half of the year for cotton, says CRISIL

Expect second half of the year to be better than the first half of the year for cotton, says CRISIL

A CRISIL report says that cotton yarn spinners are staring at a 200-400 basis points (bps) margin squeeze in FY20. CRISIL further suggests that mid and small-sized spinners are likely to be impacted the most. Dinesh Nolkha, MD of Nitin Spinners and Anuj Sethi, senior director of CRISIL discussed this further.

User: CNBC-TV18

Views: 3

Uploaded: 2019-12-27

Duration: 09:18

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