Home / Knowledge / News / Textiles / Shankar-6 raw cotton prices plunge
Shankar-6 raw cotton prices plunge
07
May '11
Beginning from April 1 and till yesterday, domestic prices of the most exported variety of raw cotton from India; Shankar-6 have plunged by more than 26 percent.

The price of Shankar-6 which had stood at Rs 61,625 per candy (1 candy = 356 kg) on April 1, dived to Rs 45,250 in the closing hours of May 6, down by a massive 26.57 percent.

On May 2 alone, the price of a candy fell by 4.65 percent. On April 29, the previous working day, the price had declined by 3.99 percent.

In the current week, Shankar-6 prices are down 7.17 percent, from Rs 48,750 per candy on the opening day of the week.

Experts from the industry attribute the fall to a slowdown in demand as well as to the poor quality of cotton arriving in the markets.

Click here to view and compare daily prices

Editor's note –
The way, cotton prices had more than doubled in the current cotton season, when compared with the previous season, coupled with slowdown in demand, a correction in the prices was inevitable.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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