Home / Knowledge / News / Textiles / High carry forward China stocks impact Indian cotton price
High carry forward China stocks impact Indian cotton price
22
Sep '12
Indian cotton prices which had started declining in the fourth week of August are still continuing on their Southwards journey. High carry forward Chinese cotton stocks and a 50 percent power cut in Tamil Nadu are the main reasons attributed by an expert.  He also foresees a further drop in cotton prices, before they start rebounding again. 

Shankar-6 cotton prices which were quoting at around Rs 38,125 per candy (1 candy = 355 kg) on August 23 are now offered at Rs 34,500 per candy, down a massive 9.5 percent in just one month.

“There is a 50 percent power cut in Tamil Nadu since the last 40 days, which has impacted off-take of cotton”, Mr Arun Dalal, an Ahmedabad – India based cotton expert told fibre2fashion.

He added, “It has also been reported that the carry forward stock in China is 61 percent more than in the previous season. The rains though late, have also improved prospects of a good crop in most Indian cotton growing states”.

He further informed, “Thirdly, there are expectations of a bumper crop in most cotton regions of the world. Fourthly, the rupee has started appreciating against the US dollar, which in turn has reduced realizations for cotton yarn exporters”.

“All these factors together have combined to the fall in prices. I foresee a further drop of around Rs 500-600 per candy. However, I am optimistic that raw cotton prices will regain lost ground in the near future”, he wound up by saying.

Click here to read and view cotton trends from September 1. 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Angelina Francesca Cheang
MY ANJE

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

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marcel Alberts
Eurofibers

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

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

Madhu Jain
Madhu Jain

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

Pranav Mishra
Huemn

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 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