Home / Knowledge / News / Textiles / Fall in cotton prices short-lived
Fall in cotton prices short-lived
Mar '11
After surging by 6.16 percent from its previous closing, on Monday of last week, Shankar-6 raw cotton prices closed in positive territory to rise by 1.93 percent by the end of the week.

It may be recalled that Shankar-6 cotton prices which had surged to an all-time high of above Rs 60,000 per candy (1 candy = 356 kg) had slipped to Rs 54,750 per candy on February 25.

However on February 28, cotton prices skyrocketed by 6.16 percent to touch Rs 58,125 per candy.

On March 1, the momentum continued and prices rose to Rs 59,125 per candy, up 1.72 percent from the previous day.

Since Wednesday was a festival holiday, deals were few, so market stayed stable at Rs 59,125 per candy.

On Thursday, cotton markets resumed trading and Shankar-6 cotton prices grew by a marginal 0.42 percent to Rs 59,375 per candy.

However on the last day of the trading week, they slipped to Rs 59,250 per candy, down slightly by 0.21 percent.

The fall in cotton prices last week was short-lived. As soon as the Cotton Advisory Board (CAB) reduced crop estimates for cotton to 31.2 million bales (1 bale = 170 kg), they once again started ascending.

Cotton prices are once again within sniffing distance of Rs 60,000 per candy. What remains to be seen is whether they will once again scale this mark in the current week.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Eric Scholler

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson

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

Pranav Mishra

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search