Home / Knowledge / News / Textiles / Indian cotton arrivals drop in first fortnight of Jan
Indian cotton arrivals drop in first fortnight of Jan
25
Jan '14
The all India Cotton arrivals dropped to approximately 1.6 lakh bales as farmers were focused on harvesting of rice and also on advice from Agriculture departments in some states like Karnataka recommending them to hold cotton kappas for a month and sell their chilly harvest at the moment.

This has had some influence on them to withhold their stocks of kappas with a hope to get better prices for their produce.

As per trade sources approximately 1.6 crore bales have arrived in the Indian market till 15th January. Market is expecting that an increased inflow could stabilise cotton lint prices. On a look at the state wise cotton arrivals the inflow was regular and prices of seed cotton was above MSP and reasonable.

North Zone [Punjab /Haryana/Rajasthan]

Arrivals are slowly decreasing in this region. Good quality Punjab J-34 r/g is quoted at Rs.4,630 per maund while in Haryana J-34 r/g is quoted at Rs.4,540 per maund.

Rajasthan J-34 r/g is quoted at Rs.4,560 per maund. Sirsa, Abhohar and Hanumangarh reported reasonable quantity of arrivals compared to last season. Price factor also favourd arrivals of kappas at Mandies.

Nearby Mills are planning bulk buying. South Mills find it costlier due to prohibitive transportation costs. Weather is conducive for harvesting. Second picking is also on in some areas, while sprouting is also seen in certain areas.

Gujarat:

In the past fortnight, cotton scenario in Gujarat was, mostly influenced by the tempo of arrivals on day to day basis, with prices of S-6 moving up, gradually from the band of Rs.40,500 to Rs.40,700 /cdy spot to Rs.43,000 / cdy spot as reported by various ginners from Rajkot Area. The main reason for the spurt in rates is reduced arrivals, due to farmers holding capacity, coupled with exporter’s enquiry.

As per the ginners, based on kappas rate of Rs.1,100 / Md (Rs.5,500 per Qtl), the cost of lint works out to Rs.45,000/cdy spot, against market rate of Rs.43,000 /cdy spot.

Different opinions are, expressed by various quarters of the industry, predicting prices will remain firm only, even after the festival holidays, and also prices may fall to a certain extent, when the arrival pressure builds up, which is to be watched. Daily kappas arrivals are between 50,000 to 65,000 bales. Approximately 60 lakh bales have been pressed in Gujarat till now.

Good quality V797 is quoted at Rs. 31,200/- spot per candy. Demand for export to Pakistan & Bangladesh is popular as per reports.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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