Interviews
Cotton waste prices touch the sky
27 Sep '10
1 min read
With the increase in export prices of the item, which is the raw material of yarn used in making denim and terry-towels, prices of cotton waste have mounted high in the local market.
Cotton waste, which was sold at Tk 60 to Tk 80 per kg six months back, is now witnessing prices between Tk 75 to Tk 125 a kg. Some traders prefer to export cotton waste as per government rate of $1.6 per kg, rather than sell them at low price in the domestic market.
A number of spinning mills are not able to operate their plants at optimum capacity, due to gas and power crunch, which in turn has created a shortage of the waste. The denim and terry-towel industry is feeling the heat of increased prices of cotton waste in local market, due to the shortage.
Terry-towel is priced at $4 per kg, whereas the waste cotton is exported at $1.6 per kg or even at lower prices, as per the expert. The country requires 750,000 kg of waste cotton, each day, and spinning mills fulfill most of it, according to an expert.
Cotton waste, which was sold at Tk 60 to Tk 80 per kg six months back, is now witnessing prices between Tk 75 to Tk 125 a kg. Some traders prefer to export cotton waste as per government rate of $1.6 per kg, rather than sell them at low price in the domestic market.
A number of spinning mills are not able to operate their plants at optimum capacity, due to gas and power crunch, which in turn has created a shortage of the waste. The denim and terry-towel industry is feeling the heat of increased prices of cotton waste in local market, due to the shortage.
Terry-towel is priced at $4 per kg, whereas the waste cotton is exported at $1.6 per kg or even at lower prices, as per the expert. The country requires 750,000 kg of waste cotton, each day, and spinning mills fulfill most of it, according to an expert.
Fibre2fashion News Desk - India
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