Home / Knowledge / News / Textiles / Cotton prices continue to skyrocket
Cotton prices continue to skyrocket
11
Feb '11
Cotton prices continued to soar, even yesterday, with the rates exceeding Rs 60,000 per candy (one candy = 356 kg) as cotton growers had a tendency to hold back cotton, particularly when the domestic as well as global demand for cotton picked up.

Yesterday, raw cotton prices of the Shankar-6 variety in Gujarat were hovering between Rs 60,000-60,500 per candy while in Maharashtra, the variety was quoted at around Rs 60,000. On February 1, the prices stood at Rs 50,000-50,500 per candy.

The Ministry of Agriculture projected the cotton production to touch 33.9 million bales against the figure of 32.9 million bales estimated by the Cotton Advisory Board. A section of the cotton traders as well as textile mills are, however, of the opinion that overall cotton production for the season 2010-11 is not going to surpass 31 million bales.

Cotton growers are speculating that cotton prices will further rise. Same is the case with cotton traders. Buyers, on the other hand, seem to be panic-stricken because of the rising trend of cotton prices.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

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...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Pranav Mishra
Huemn

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

Vaanee Bhatia
Gritstones Clothing

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search