1. Cotton, the major raw material accounts for 40 to 70% of Yarn, in many cases Fabric Cost.
2. The Trend of International Cotton Prices from 1973 to 2008 is given in Chart below.
3. Raw Material Competitiveness is the difference between the International Cotton Prices and the Domestic Cotton Prices. At the organization level it refers to procurement cost. Yes, the procurement cost - as cotton prices fluctuate 43% within a year.
4. The trend is sharp from 2009 onwards – which is attributed to the commodity till 2011 and the currency from 2012 onwards.
5. Our Home Textiles is becoming stronger in global market.
