Maral Overseas Limited
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Maral Overseas Limited. Business Plan 2021-22 & Market Update.
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Business Plan 2021-22 Yarn. Good buoyancy in yarn market in Q3 & Q4 of 2020-21, and we see similar visibility in Q1of 2021-22, and part of Q2 of 20121-22. Looking at new cotton season forward indices for new 2021-22 cotton season reducing substantially, yarn prices may start to return to normal levels by end of Q2. Therefore, Q3 & Q4 will see reduced margins as has been noticed in earlier years, but still profitable due to sustained demand. We have concluded a major order with GAP Inc USA for organic yarn nomination, mostly for deliveries in Q1of 2021-22 at good profits. This business should continue through subsequent quarters as well..