Home / Knowledge / News / Textiles / Cotton prices mount on heavy purchasing
Cotton prices mount on heavy purchasing
26
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

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Smita Murarka
Amanté

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

Amrit Sethia
SOIE

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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