• Linkdin

Pulse of textile sector falls as cotton prices soar

25 Dec '09
1 min read

Cotton is quickly getting added up to the list of scarce commodities, which has led to a unprecedented hike in cotton prices, leading to farmers receiving remunerative prices for their produce.

While the US markets, particularly New York futures, continues to move higher in a steady manner, in local markets of China, Pakistan, and India, prices are exploding with traders scrambling to cover up positions.

Hike in cotton prices will force many textile mills to close down thereby affecting downstream consumers like weaving units, made-ups and garments manufacturers. It could have seriously implications on the livelihood and could result in job losses in thousands.

Increase in the price of cotton has led to a sharp increase in the prices of cotton and cotton-blended yarn, which have flared up by 10-15% during the past few weeks.

Click here to read the complete article.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search