Home / Knowledge / News / Textiles / Indian cotton prices regain five-month high's
Indian cotton prices regain five-month high's
21
Feb '13
Indian raw cotton prices, particularly the Shankar-6 variety has crossed Rs 36,000 per bale (1 bale = 355 kg) for the first time in the last five months.
 
Shankar-6 cotton price trends have been oscillating in a fixed price band of between Rs 33,500 and Rs 35,000 per bale in the last few months. 
 
The last time when Shankar-6 prices were quoting above Rs 36,000 level was on September 13, 2012. After a gap of more than five months, they once again crossed the mark to settle at Rs 36,125 per bale on February 20.
 
Prices have been steadily rising since February 7, when it stood at 34,200 per bale. After which it has steadily gained ground to touch Rs 36,125 per bale yesterday.
 
Mr Anand Popat – Secretary of the Saurashtra Ginners Association (SGA) says, “Arrivals have gone down, while export demand from major cotton buyers has gone up. At the same time, Northern India mills have also became aggressive buyers, since prices of Punjab J-34 cotton variety are higher than Shankar-6”.
 
A source from Coimbatore based Cotton Sourcing Company (COSCO) also vouches for the fact that lower arrivals and increase in demand has led to Shankar-6 prices shooting up. 
 
He adds, “There is no cotton in the Gujarat ginneries. Farmers are holding on to cotton on expectations of higher prices, which has led to a mismatch in supply and demand and has led to a spike in Shankar-6 cotton prices in the last few days”. 
 
Mr Popat also adds, “Major global cotton buying companies have also started stocking aggressively in recent days and alongside players in the Indian cotton futures market too have become aggressive”.  
 
When asked to comment on future trends, Mr Popat informs, “Trends have become really difficult to predict, but taking the estimates of year-ending Indian stocks into consideration, cotton prices might go up in the near future”.
 

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Angelina Francesca Cheang
MY ANJE

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

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

October 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
76.8%
No
13.0%
Skip
10.1%

Total Votes: 69

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
62.3%
No
27.5%
Skip
10.1%

Total Votes: 69

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
85.5%
No
10.1%
Skip
4.3%

Total Votes: 69

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
75.4%
No
11.6%
Skip
13.0%

Total Votes: 69


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