Home / Knowledge / News / Textiles / Hike in yarn exports spikes Indian cotton prices
Hike in yarn exports spikes Indian cotton prices
25
Jul '12
The partial withdrawal of electricity cuts in Tamil Nadu and hike in cotton yarn exports in the first quarter of fiscal 2012-13, led to a renewal in demand for cotton and in turn prices, a cotton trader said.

Shankar 6 raw cotton prices have surged around 9 percent since the beginning of this current month. Prices which were quoting at around Rs 34,500 per candy (1 candy = 355 kg) on July 2 were offered at Rs 37,600 per candy on July 24.

Shankar 6 cotton prices surged by 4.72 percent to Rs 37,175 per candy on a single day on July 16 and ever since have been gaining steadily with each passing day. Shankar 6 cotton is a variety grown in Gujarat and is the highest exported quality.

“There are many reasons for the hike in prices”, Mr Arun Dalal, a well-known Ahmedabad based cotton trader told fibre2fashion. The biggest being the partial withdrawal of electricity cuts in Tamil Nadu from 55% to 10% from June 1”.

He added, “This led to improved operating performance of spinning mills. Along the same time, there was a spike in global demand for cotton yarn. Volumes of cotton yarn exports from Indian were very high in the first quarter ending June 30.

“In the same period, cotton yarn prices too increased by Rs 20 per kg. All these reasons in turn, renewed demand for cotton and also led to a hike in cotton prices which have risen by around 9 percent in the current month”, he concluded by saying.

Farmers in Gujarat too have benefited from this price hike as cotton seed which was quoting at Rs 750-800 per maund (1 maund = 20 kg) is now quoting at Rs 950-1,000 per maund, he revealed.

Click here to view Shankar 6 price trends in July 

Fibre2fashion News Desk - India


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Silvia Venturini Fendi
Fendi s.r.l

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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