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.