Home / Knowledge / News / Textiles / Indian cotton prices to continue upward surge – expert
Indian cotton prices to continue upward surge – expert
19
May '10
Cotton prices which have been shooting up with each passing month, since the beginning of the current cotton season, will witness a further rise in prices in the next few months, more so due to the supply and demand mismatch in global markets and also due to global recovery in demand for finished textiles and apparel goods.

At present, prices of Indian cotton are ruling at a lower price than those prevailing in global markets of cotton of comparable quality. Price of Shankar-6, a much-sought-after variety in India, is quoting at 83.5 cents per pound, while globally; equivalent varieties are selling at 94.5 cents per pound.

The main reason for this ambiguity is that the Indian government cancelled fresh registrations of cotton export contracts in the previous month, which led to a crash in prices of the white gold, much to the delight of the textile value-added sector.

However, even before the ban on cotton exports, overseas buyers were lining up on India's shores, since quotes of cotton grown domestically was lower than international prices, so much so that India replaced the US, as the biggest exporter of cotton to China.

According to a cotton expert, the prices in the global market will continue to move up due to a shortage in supply and despite an increase in acreage of cotton cultivation in India, the yield is a bit lower this year, due to abnormal delay in monsoon.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

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

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
January 2017

January 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