In the overall gloomy situation due to the COVID-19 outbreak, Gujarat-based yarn manufacturers are seeing fresh inquiries from Chinese importers. Over the past two months, nearly 120 spinning mills across Gujarat have been passing through a tough period in the wake of sluggish international as well as domestic demands, said Bharat Boghara, chairman of Spinners Association of Gujarat (SAG).

According to him, the price of 30 counts cotton yarn was around Rs 205 per kg a couple of months back, which has come down to almost Rs190 to Rs 195 in the export market. Ishwarbhai Ghelani, Board Member of SAG says not only Chinese inquiries but domestic demand has also spurred slightly, which is encouraging for yarn makers in Gujarat and other parts of the country. Hopefully, in the coming one or two months everything will be normalised as the magnitude of the pandemic has reportedly reduced in China.