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 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

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

Tony Ward
Tony Ward

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

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

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

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X