Problems ahead for textile stocks

Two Danger Signs For The Yarn Industry Which Will Impact Our Exports Big Time

By Deepak Shenoy|October 8th, 2015|Categories: Commentary|Tags: Textiles, Yarn|6 Comments

There’s something dangerous happening in the yarn industry. There are two points of immediate worry for the industry, specifically in Yarn.

Yarn Prices Crash 30%

Firstly, Yarn prices have declined 30% from last year, and the damage has hit exporters. The slowdown in China, our largest export market (33% of our yarn exports are to China), has impacted sales and shipments.

Read complete article at http://capitalmind.in/2015/10/two-danger-signs-for-the-yarn-industry-which-will-impact-our-exports-big-time/