Home / Knowledge / News / Textiles / Rising demand, cotton prices surge by 15-30%
Rising demand, cotton prices surge by 15-30%
19
Jul '10
As per NCDEX Knowledge Management Department Economist, Kavita Chacko, since the beginning of the year, amidst different varieties of cotton, the prices have increased by 15-30 percent, owing to restricted supplies and high demand.

In June, cotton prices reach new heights, practically its peak, owing to active buying by mills and firm demands by yarn producers in Asian nations. The net dearth in the raw material supply, clubbed with increased buying, especially from China, resulted in the practical market prices of cotton move ahead, informed Chacko.

During June 2010, the price of Shankar-6 variety of cotton ruled about Rs 29,500 per candy (356 kg) in the market. Local prices were maintained by fresh demand for exports, post government withdrawing the ban on exports, averred Chacko.

Again in June, cotton prices rose to record highs, mainly on the back of restricted supplies and increased demand. This ascending price trend was supported by the increase in demand for the raw material from China.

Now the government is intending to fix the volume of cotton exports from the country per year, announcing in advance the quantity available for exports and for local use.

However, monsoon failed to meet farmer's expectations in June and sowing in many parts of northern zones was affected. But the recent upward trend in monsoons, which has covered most of the nation, has boosted the prospects for cotton sowing.

More so, as the Directorate of Cotton Development, June 2010 end witnessed a 19 percent rise in cotton acreage on a year-on-year basis. The area for cotton cultivation stood a little more than 2.6 million hectares.

For the current season, a number of agencies have been predicting a steep rise in Indian cotton production, with farmers shifting to cotton, due to better crop earnings. These agencies have predicted local production of cotton, for the year 2010-11 to cross 30 million bales.

Fibre2Fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search