Home / Knowledge / News / Textiles / Indian cotton market to remain upbeat
Indian cotton market to remain upbeat
08
Feb '12
The prices of cotton have increased by around 10-15 percent in the Indian markets during the past few days and the price of Shankar 6 variety has risen to about 37,000-37,100 per candy of 356 kg.

There are several factors that indicate that the cotton market will remain upbeat in the coming days, especially due to the demand coming from China.

Mr. Anand Popat, Secretary, Saurashtra Cotton Ginners Association, told fibre2fashion, “There are three factors that indicate that the Indian cotton market will remain upbeat in the coming days. First, the Chinese Government has already purchased 14.8 million bales of cotton and kept it as reserve stock. Secondly, USDA's report anticipates sowing for the next season to remain lower. Moreover, the world cotton consumption has also increased compared to last year.”

However, Mr. Popat opines that the impact of the cotton stock with the Chinese Government is the main factor. He says, “The entire balance sheet of world cotton market shows that most of the holding stock is currently lying with the Chinese Government as reserve stock. At present, the Chinese Government is undecided about selling the stock and hence, the cotton rates will remain firm.”

“If the Chinese Government continues its buying for its reserve stocks, then the rates will go on increasing, if not the market will remain steady. On the other hand, if the Government releases its stocks for sale in the market then it will negatively impact the market. So currently, China plays a key role,” he explains.

Mentioning the demand from China for Indian cotton, he says, “Actually, the stocks lying with the Chinese Government are not for sale. In such a situation, the textile mills in China are looking towards India to get the cheapest cotton for running their industries. This has led to a continuous demand from China for Indian cotton.”

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Urmil Arya

Sushila International, a well established textile organisation established ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search