Home / Knowledge / News / Textiles / Rain blesses cotton market scenario
Rain blesses cotton market scenario
20
Aug '08
Monsoon is known to give respite from scorching summer, but this year it has brought good news for the weavers as well, with prices of cotton going down.

Although cotton scenario looked quite drab few days back, a good spell of rain in the last fortnight has increased hopes of the weavers in Gujarat. The state has always been known for its long staple Bt cotton variety Shankar-6, which stood in the range of Rs28,000-Rs28,500 a candy, during the period October 2007 - July 2008, making it difficult for the spinners.

However, this monsoon has come as a blessing for the weaving mills and current cotton price of BT cotton of 28 mm has come down to around Rs27,000 per candy.

In an exclusive interview with Fibre2fashion, Mr J M Vora (Bhanabhai), Owner of Nirav Enterprise, located in Surendranagar District, Gujarat, told, “Presently cotton price are have come down by Rs1500 – Rs2000.”

In the current fiscal, cotton production has reached 315 lakhs bales. Compared to year earlier, yields increased by 30 lakh bales, which touched around 285 lakh cotton bales.

According to the Nirav Enterprise Head, high exports has created crisis for cotton, and increase in demand for the same can be considered as one of the reasons for such hike in prices. This has resulted in, rise in imports by the textile biggies.

Mr Vora suggested that presently the prices have come under control because the Government has removed duty on imports and withdrawn incentives from export of cotton fibre.

Discussing about the future, Mr Vora worriedly said, “Though there is good rainfall this year, the cotton production is expected to be 10 to 15 percent less. Due to late rainfall the favorable period for BT cotton has gone away. Even in countries like America and Brazil, growth of cotton crop is anticipated to be 10 to 25 percent lower compared to previous season.”

Lastly, he noted that if such scenario persists, demand for cotton may continue further.

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

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

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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