Home / Knowledge / News / Textiles / Cotton export ban pulls down domestic prices
Cotton export ban pulls down domestic prices
03
May '10
Following the ban on raw cotton exports, cotton prices in Gujarat, one of the largest cotton manufacturing states, have plummeted by Rs 2,000 per candy. Each candy weighs around 356 kilograms.

According to an official from the Cotton Corporation of India (CCI), price of high-end quality of lint cotton, such as Shankar-6, has declined from about Rs 29,000 per candy to Rs 27,000 post the ban on overseas sales of raw cotton.

During April first week, Shankar6 was quoted in the price range of Rs 29,000 – 29,500 per candy. Due to this unprecedented hike in prices, on April 19, the govt announced a ban on the overseas sales of cotton and subsequently imposed an export duty of Rs 2,500 per ton.

Also, as per CCI, nearly 1 million bales of unsold cotton are stocked with farmers and almost the same quantity is stocked with the ginning mills.

More so, per candy price of the desi short staple cotton, Kalyan V-797 variety has also dropped by Rs 2,500 within the last ten days.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
February 2017

February 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