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

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,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Karel Williams
Dow Microbial Control

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

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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