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

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Angelina Francesca Cheang
MY ANJE

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search