Cotton Prices rose in 2022 because of higher demand for knits due to WFH around COVID and major upgrades of home textiles by US buyers. Post that, the textile mix should again go back to formal clothes / outer clothes - which are cotton, cotton mix or pure synthetic…
In short - the 2022 trend is not going to repeat itself. We may see cotton price increase once the demand from US picks up since that is where most of our garments, home textiles and knitwear is exported to.
Same holds for domestic demand. Barring Dollar, no other innerwear co or fashion clothing co is reporting double digit volume growth or 20%+ rev growth yet.
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