Home / Knowledge / News / Textiles / Indian cotton prices rebound on increased demand
Indian cotton prices rebound on increased demand
05
Jul '12
Cotton prices in Indian markets are on a rise owing to increased demand from spinners and textile mills.
 
On July 4, the benchmark Shankar 6 variety of cotton was trading in Gujarat at Rs. 34,500 per candy of 356 kg each. In the northern states of Punjab and Haryana, the price was quoted at around Rs. 33,500 per kg, while it was in the range of Rs. 35,000-35,300 in south India.
 
“The prices of cotton have increased by Rs. 2,000-2,500 per candy during the last fortnight,” informed Mr. Paresh Valia of Asha Cotton Industries to fibre2fashion.
 
“The rise in prices of cotton is due to increased buying, which is mainly due to three reasons. First, is the delay in onset of monsoon, because of which new cotton would arrive only in November, i.e. after about five months from now,” he says.
 
“Most of the textile mills do not have enough cotton stocks to last for another five months. While large textile mills have some covering, other mills have cotton stocks enough to last for only 10-15 days,” he reasons.
 
“Secondly, there is an increase in the prices of yarn and the textile mills have enough orders in hand. This is driving the demand as well as prices of cotton,” he avers.
 
“Another reason is the expected 10-12 percent drop in cotton production during the coming season. It is because some farmers are likely to shift from cultivating cotton to other crops such as soya, groundnut and castor, as they are currently getting good returns on these commodities, and their prices do not fluctuate a lot like cotton,” he explains.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Karan Arora
Karan Arora

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search