Home / Knowledge / News / Textiles / Fall in cotton prices short-lived
Fall in cotton prices short-lived
07
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

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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