Home / Knowledge / News / Textiles / Indian cotton traders face ruin
Indian cotton traders face ruin
18
May '11
Cotton traders in India are in a predicament due to the sharp fall in price of cotton. The price of a cotton candy (1 candy = 356 kg) which was Rs. 62,000 in April has fallen to Rs. 44,000 for qualitatively good cotton.

The predicament is severe for traders who have bought cotton when the price was high. The loss of precious time while waiting for the price of cotton bales to rise is resulting in tremendous financial loss to them.

Almost all traders have reported to have faced loss in business due to the fluctuation in prices of cotton. Some of them face more loss as spinning mill owners keep rejecting consignments while raising objections on the quality of lint.

However, it is the small traders who had purchased cotton bales when the prices were higher who face complete ruin as no spinning mill is willing to lift their stocks, as they are waiting for prices to stabilize.

According to analysts, the only way to firm up the price of cotton, both raw as well as processed, and help the traders to come out from their difficulty is to extend export permit for at least 1.5 million bales. It needs to be seen whether the Government will come to the rescue of cotton traders.

Fibre2fahion News Desk - India


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Amrit Sethia
SOIE

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

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Erik Sy

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mala Alwani

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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