![Cotton Decreased Following SIMA’s Request for Textile Mills to Prevent Panic Purchasing](https://market-tracker.in/wp-content/uploads/2024/03/cotton-cotton-fields-snow-crops-600x400.jpg)
Cotton Decreased Following SIMA’s Request for Textile Mills to Prevent Panic Purchasing
Considering a global supply rise predicted after July, the Southern India Mills’ Association (SIMA) advised textile mills to refrain from panic buying amid rising cotton prices. Net sales decreased by 69% in 2023/2024 compared to the previous week and 83% from the previous 4-week average, according to data released by the U.S. Department of Agriculture…