Home / Knowledge / News / Textiles / Hopes of cotton exports revive on back of fall in prices
Hopes of cotton exports revive on back of fall in prices
05
Jan '09
When the MSP of cotton was increased in the new and ongoing cotton season, prices of cotton quoted in the Indian markets were much higher than those prevailing in the international markets, which had led to a slowdown in exports of cotton which had hit an all time high figure in the last season.

But, now the trend seems to be reversing and prices have fallen by as much as Rs 1,000 per candy (1 candy = 340 kg) in the last few days which has renewed the hopes of cotton exporters. Though off course, the current Indian prices of good quality cotton are still quoting higher than global prices of similar quality.

Exporters are waiting for the prices to go down still further which is expected to bring stimulus in exports of the white gold. Despite the falling prices, the Indian textile mills have still not started their annual purchases on a large scale as yet and are adopting a wait and watch attitude in anticipation of prices falling further.

Commenting on the export potential of cotton, Mr. Nirav Sejpal, Director, Bajrang Cotgin Pvt Ltd., Rajkot said, “At present there is no hope for exports, since cotton prices have dipped by just Rs 1,000 per candy in the last few days of the Shankar-6 variety of cotton which is quoting at Rs 21,500 per candy. Secondly, the demand is low in international markets and the price difference for the same quality of American cotton is 5 cents per pound”.

We also spoke to Mr. Hitesh Sata, Owner, Swastik International again in Rajkot, for his opinion. He said, “Yes, prices have come down. But, presently, USA & Brazil are exporting at lower rates and the importing countries are Taiwan & China. Quality of USA's Emote cotton is just a bit lower than our Shankar-6 variety but is cheaper by 5-6 cents per pound in comparison to the Indian variety, but I cannot predict whether prices will fall further in future.”

“Our prices have to be at par or even lesser to compete in global markets”, he added by saying. According to experts, prices will go down only and only when the Cotton Corporation of India stops purchasing cotton from the open markets at the predetermined prices. Currently CCI is lifting around 65,000-70,000 bales of cotton daily.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Milind Khandwe
Hindoostan Innovation Centre

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

Kevin Nelson
TissueGen

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

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace 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

September 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
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

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
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

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
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

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
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


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