Home / Knowledge / News / Textiles / Lint prices drop sharply on the cotton market
Lint prices drop sharply on the cotton market
19
Jul '10
Last week, cotton prices fell further as cotton plucking from fields surged post the recent downpour, informed dealers. Karachi Cotton Association (KCA) spot rate fell by Rs 200 to Rs 6,900 and in the ready business too rates fell steeply by almost Rs 400, 5,000 cotton bales changed hands in the range of Rs 6,000-7,050, averred dealers.

In Sindh, the Phutti rates were lesser at Rs 2,700-2,750 and in Punjab the rates were down at Rs 2,700-3,000, further added the dealers. As per market talks, the standing committee of Parliament on textile is considering extension of the 15 percent Regulatory Duty on cotton yarn exports till August 26, instead of the earlier date of July 26.

However, industry experts opine that, the slump in rates was expected, owing to prospects of good production, which was due to favourable weather. It seems that, now the market might move on the demand and supply aspects, as it looks that, tentative elements turn more active after creating a furor over dearth of stuff, continued experts.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

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

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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