Home / Knowledge / News / Textiles / Cotton prices touch record high levels
Cotton prices touch record high levels
13
Jan '11
Prices of cotton have registered record high levels owing to the growing prospects of better earnings for cotton growers and enhancement in the export earnings this year. Cotton prices increased to sh1600 from sh900 per kg a year ago because the cotton stocks started getting depleted owing to low supply of the raw material and a strong demand.

The high prices of cotton prevailing in the markets will encourage the cotton growers to cultivate more cotton. The rise in cotton prices is largely attributed to the increase in global demand for cotton. Dearth of cotton in other countries has helped the cotton sector to flourish in Uganda.

Natural calamities have adversely affected the top cotton producing countries of the world – the US, China and Pakistan. India, which is the world's second biggest cotton producer, has set a ceiling on cotton exports in order to encourage the domestic consumer demands and reinforce its domestic textile sector.

Cotton production is expected to double this year. In spite of the untimely drought that has hit the entire south-western region; the country is expected to produce 130,000 bales of cotton from 70,000 bales last year.

The cotton sector of Uganda is coming back to stability, particularly after the peace restoration in northern part of the country, which was known for cotton production. Further, the cotton regulatory body has extended its support to the cotton growers by providing them with high-quality seeds as well as pesticides at reasonable prices.

Development of the spinning as well as textile industry will create further demand for raw cotton. This will further raise the cotton prices.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

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