Home / Knowledge / News / Textiles / Flare up in cotton prices keeps textile sector on boil
Flare up in cotton prices keeps textile sector on boil
Dec '09
The textile industry had sighed with relief on market trends witnessed in the last three months. Textile and garment exporters who had borne the brunt of the economic turmoil, too had reasons to be happy, as order book positions were witnessing a marked improvement, when compared with the previous few months.

But the party may not last long. Cotton prices have risen dramatically in the last three fortnights and the Gujarat grown Shankar-6 variety of cotton has seen its prices zoom by nearly 20 percent, when compared with prices prevailing in March-2009, which could put brakes in the recovery process.

The cotton crop is expected to be a marginally lower than in the previous years and due to a surge in exports of raw cotton, the white gold is becoming dearer with each passing day. According to estimates of an International Cotton Advisory Committee, world cotton production is also expected to dip by around 5 percent.

All these factors put together have led to a flare up in raw cotton prices and at a time when textile mills are running at full capacity, all due to a surge in demand from apparel manufacturers supplying in the domestic as well as overseas markets.

The rise in cotton prices will have a direct impact on the rates quoted by apparel exporters to their overseas buyers, as if prices continue to rise, yarn and fabric manufacturers will have no option but to increase their prices correspondingly, which does not augur well for a sector, which is on the path to recovery.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search