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

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Eric Scholler
Groz-Beckert

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

Lynda Kelly
Suominen Corporation

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search