Home / Knowledge / News / Textiles / Cotton lint prices experience downward trend
Cotton lint prices experience downward trend
16
Nov '10
On account of the low demand as well as downward trend in the New York futures, cotton lint trading continued to remain range-bound as spot rate had eased. The physical prices of cotton lint continued to remain firm as trading took place at about Rs 8,450 per maund. The spot rate of cotton lint registered a fall of Rs 200 per maund to remain at Rs 8,300 per maund.

Local purchasing of cotton had slowed down owing to the grade issue, low demand in the market and fall in New York futures. The major customers followed the 'wait and watch' policy. Raw lots of cotton were being offered for sale below the spot rate at Punjab stations in order to take advantage of the situation, before Eid holidays.

The spot rate is likely to continue its downward trend even after the Eid holidays owing to a similar trend in the New York Future market. During the trading session, some deals were closed at Rs 8,700 per maund at Punjab stations regardless of the cotton grade. Traders as well as buyers continued to remain busy in bargaining as both wanted to take maximum advantage from the deals before going for the Eid holidays.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kevin Nelson
TissueGen

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

Larry L Kinn
Suominen Corporation

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
March 2017

March 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