Home / Knowledge / News / Textiles / Cotton prices surge 16% in eight days
Cotton prices surge 16% in eight days
10
Feb '11
With each passing day, raw cotton prices in India are creating new milestones and the pace with which it has increased in the last few days as left everyone across the cotton textile value chain breathless, except the farmers who are laughing all the way to the bank.

Yesterday, raw cotton prices of the Shankar – 6 variety in the Gujarat market were hovering between Rs 57000-58,000 per candy (One candy = 356 kg) against Rs 50,000-50,500 per candy on February 1. In effect, in a space of eight working days, prices have shot up by a staggering 16 percent and also are more than double the prices prevailing at the same time last year.

Within the first week of the new Indian cotton market year 2010-11, prices opened with a big bang. On October 4, 2010, Shankar - 6 quality was quoted at Rs 38,000 per candy, against just Rs 22,800 per candy on the same day in 2009, up by more than an astounding 66 percent.

The cotton farmers who had been at the receiving end all these years due to unremunerative prices, are upping the ante, by holding on to their produce, which in turn is further fuelling a already bullish market, as buyers who include spinners and exporters are becoming more frantic, to corner stocks, before prices become more dearer.

Experts are attributing the surge in prices to the demand from exporters who are supposed to physically ship the quota allotted to them by February 25 as per the directions of the Commerce Ministry. However, these rising prices have upset the calculations of these exporters, who had booked orders in late December or early January at a time when prices were lower.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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