Home / Knowledge / News / Textiles / Raw cotton prices get impetus due to restricted arrivals
Raw cotton prices get impetus due to restricted arrivals
28
Oct '10
Prices of raw cotton got further impetus with the increase in export demands. The arrival of cotton in the local market has also been deferred. The cotton futures on MCX (Multi Commodity Exchange) increased by Rs 35 per 20 kg during the last one week.

India has, so far, permitted cotton exports up to 3.5 million bales against the offer of 5.5 million bales of cotton which is regarded as an exportable surplus in the country.

Prices continued to remain buoyant despite of the decline in cotton arrivals in the major markets and the carryover stock of cotton, which also appeared to be limited. The total cotton arrivals dropped by 12 to 15 percent as compared to the figures recorded last year, owing to the limited supplies from cotton growers. The cotton growers are supposed to stock the cotton in anticipation of the appreciation of raw cotton prices.

Bangladesh has been demanding for a separate quota on India's export of cotton to Bangladesh in order to protect its textile sector. India is expected to export 1.1 million bales of cotton to Bangladesh next year.

The cotton traders are confident about the further rise in cotton prices. The MCX cotton futures contract rallied around 5 percent during the last week and was sold at Rs 751 per 20 kg in its latest trading.

Fibre2fashion News Desk-India


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X