Home / Knowledge / News / Textiles / Cotton prices mount on heavy purchasing
Cotton prices mount on heavy purchasing
Oct '10
The price of unginned cotton surged to a new record of Rs 8,000 per maund last week, due to heavy purchasing by spinners and exporters in anticipation of cotton shortage.

Cotton growers are, currently, holding back stocks of raw cotton to obtain greater prices amidst ambiguity regarding the crop size, which accelerated heavy cotton purchasing by spinners as well as exporters to secure their standing in the market.

The cotton growers of Pakistan had been so far having a sway over the market, with the expectation of acquiring a higher price which is equivalent to the price existing in the New York Cotton Exchange (NYCE).

Strong Chinese demand for cotton and yarn has been also forcing the global cotton prices to rise. Though India has excess cotton which can be exported but it has currently decided to hold back its stocks, which have led to heavy purchasing of cotton in the local as well as global market.

A number of small and medium-sized factories might succumb to the challenges and close down, as huge financial assistance is required for securing the raw material.

The spot rates have increased to Rs 8,318 per 40 kg of cotton at the Karachi Cotton Association. There has been an addition of Rs 107 to the earlier rates.

Fibre2fashion News Desk-India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Johan Berlin
InvestKonsult Sweden AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silvia Venturini Fendi
Fendi s.r.l

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Prathyusha Garimella
Prathyusha Garimella

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search