Home / Knowledge / News / Textiles / Gujarat cotton prices hit record high this season
Gujarat cotton prices hit record high this season
26
May '08
Spot prices of Shankar 6 variety of cotton rose sharply to record the highest ever in the current season 2007-08.

Prices in Gujarat market jumped by around Rs1000 to touch Rs24,200 per candy against last weeks Rs23,000 - 23,200 per candy. On the other hand, those of other good quality cotton mounted to hit as high as Rs25,000 per candy. Moreover, market observers predict that prices are likely to cross the current levels in the future.

According to estimates made by Cotton Advisory Board, although the figure have already reached 7 million bales, cotton exports from India is likely to reach 8.5 million bales in 2007-08 (Oct-Sept) from 5.8 million bales in 2006-07.

Experts believe that this unreasonable jump in cotton prices is the consequences of supply shortage in domestic market followed by uncontrolled exports. Besides, stocking of the commodity by ginners to get better returns and weakening rupees against dollar has also had its impact in spiking cotton prices.

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

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

Prathyusha Garimella
Prathyusha Garimella

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

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