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: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search