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Cotton Supply Chain at ‘Virtual Standstill,’ With Asian Spinners in Crisis, ICAC Reports

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The ultimate impact of COVID-19 on the cotton and textile industry is uncertain, but the sector has been impacted along with the general economy, the International Cotton Advisory Committee (ICAC) said in a new report. Brands and retailers are cancelling orders, leaving spinners and textile manufacturers in Asia and Southeast Asia in a financial crisis,…

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