Home / Knowledge / News / Textiles / Hopes of export resumption keep cotton prices high
Hopes of export resumption keep cotton prices high
24
Dec '10
Cotton exporters are keen on taking advantage of the demand as prices have increased once again in the recent weeks.

Cotton prices stood high as a result of the anticipated demand from exporters, who are waiting for the opportunity to start fresh export registration in mid January. Exports are likely to resume from February 1, 2011. Cotton prices are expected to rectify only when the export demand is fulfilled.

Those cotton exporters who had already registered earlier for exports but could not do so within the set date of December 15 are currently holding around 1.5 million bales with the expectation that the registration will begin shortly.

In Gujarat, the price of Shankar-6 variety is about Rs 42,000 per candy (356 kg).

So far, the Office of Textile Commissioner has got the confirmation for exports of more than 2.2 million bales. However, as per its estimation, more than three million bales have been exported. The confirmation regarding the exports has to be sent to the Commissioner within 21 days which will be over on January 5. The Directorate General of Foreign Trade is expected to commence fresh registrations from February 1.

The government had previously allowed cotton exports up to 5.5 million bales.

Cotton prices are expected to be rectified only when the export demands are fulfilled. Cotton arrivals have increased whereas demand from yarn producers has gone down. But prices have never gone below Rs 40,000 per candy, except when the global market experienced a sharp decline, influencing exports.


Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search