Home / Knowledge / News / Textiles / Cotton farmers receive premium on MSP
Cotton farmers receive premium on MSP
26
Dec '09
Market sources indicate that, the cotton crop in the current season in Gujarat could be lower than anticipated, which has been attributed to deficient rainfall and which could be the main reason for the flare-up in prices in recent months.

Market sources indicate that arrivals in the current cotton season are lower than in the previous years and it is assumed that farmers may be hoarding the crop in anticipation of generating better returns in the future.

Currently raw cotton is commanding a premium to the MSP price, paid by the government agencies. They are receiving Rs 3,425 per quintal, much above the MSP of Rs 2,850 per quintal, paid by government agencies like CCI.

Prices of Shankar-6 variety of cotton which were ruling at around Rs 24,000 per bale at the beginning of the cotton season in November are now quoting at around Rs 27,000 per bale in the cotton markets of Gujarat.

China, which is the biggest producer of cotton in the world, has reported of a lower output. It is expected that in case the Chinese start purchasing in big quantities, it could lead the prices to even cross the Rs 30,000 per bale mark, in the near future.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Lynda Kelly
Suominen Corporation

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

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

Rupa Sood and Sharan Apparao
Nayaab

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search