Home / Knowledge / News / Textiles / Cotton likely to fetch fairly high price, next season
Cotton likely to fetch fairly high price, next season
16
Nov '10
Besides cotton buying firms even the Tanzania Cotton Board (TCB), too don't seem to be keen on giving a definite account of the cotton's farm gate price for the coming season. However, it is an irrefutable fact that, Tanzanian cotton would fetch comparatively high price, next season.

TCB Acting Director General Marco Mtunga contended that, the commodity prices certainly are not going to persist at their present levels, but in any case if they go down, it won't be a major drop.

As revealed by the Washington-based International Cotton Advisory Committee (ICAC), this season, the average cotton price touched its peak at 78 US cents per pound, which is the highest rise in prices since the 1996-97 season. Also, the current season price exceeded the decade's average of 58 cents a pound by 20 cents. ICAC jotted down these facts in its cotton world situation review for July to August period.

According to the Committee, strong market fundamentals together with the persistent decline in cotton production at a rate of six percent to 21.9 million tonnes, were the main factors responsible for this sharp rise in commodity prices during 2009-10 season.

The cotton industry in Tanzania too has not remained untouched from the scarcity of the commodity, while reports even state that, a number of cotton ginners and exporters are apprehensive that they may have to face legal actions at Liverpool Cotton Association (LCA) arbitration, as they had failed to keep the terms of their contract and deliver goods to their overseas buyers, in time.

Fibre2fashion News Desk-India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

Pranav Mishra
Huemn

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

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
January 2017

January 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