Home / Knowledge / News / Textiles / Momentum in cotton prices may slowdown – experts
Momentum in cotton prices may slowdown – experts
23
Sep '10
In recent days, global cotton prices have risen to a historic high of US $1 per pound, last witnessed, nearly 15 years back. However, domestic cotton prices are expected to see a slowdown in the momentum with which, prices flared up in the last few months.

The main reason being delved out by experts is that, in the next few days, the pace and flow of lint in to the various cotton markets across the country is expected to increase, which is expected to keep a check on rising cotton prices.

The second reason pertains to expectations of a bumper crop in the new season. Cotton output is forecast to rise by 10 percent. An expert has predicted that cotton production will rise from 29.5 million bales last season to 32.5 million bales in the new cotton season.

Also considering the 5.5 million bales cap on cotton exports imposed by the government, is also expected to have a cooling effect on the rising price trends. The Shankar-6 variety of cotton is currently being quoted at 39,100 per candy (1 candy = 356 kg).

Also considering the fact that, the government is not clear about giving the green signal for resumption of cotton exports from October 1; exporters are not taking new positions in the market, till there is a clear policy decision from the government.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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