ICF Shankar-6 (Gujarat-Merchant) Analysis: Cotton Fibre Market Trends, Prices & Forecast

TexPro provides pricing information for ICF Shankar-6 (Gujarat-Merchant), covering subproducts such as 28 mm, It offers historical pricing data for up to the last five years. It also provides an accurate price forecast for the next “9/12” months, updated twice a month. The data is collected from our verified primary and secondary data sources.

ICF Shankar-6 (Gujarat-Merchant), 28 mm, Domestic - India (01 May 2024 - 30 Apr 2025)

Overall Trend

The prices of Cotton Fibre (ICF Shankar-6) have been in a decreasing trend from May 2024 to April 2025 in Asia (Domestic India), reflecting broader market challenges and shifts in demand dynamics.

Price Trend

The prices of Cotton Fibre (ICF Shankar-6) have decreased by 9.28% from May 2024 to April 2025 in Asia (Domestic India).
The average month-on-month percentage change has been -0.84% during the same period, indicating a consistent decline in prices.
The highest percentage increase of 4.19% was reported in September 2024, suggesting a temporary rebound, while the highest percentage decrease of -5.03% was reported in October 2024, highlighting significant volatility in the market.
The average price for Asia (Domestic India) in 2024 was 1.89625 USD/kg, which has decreased by 8.64% to 1.7325 USD/kg in 2025, reflecting a CAGR of -8.64% from 2024 to 2025.

Price Range

The average price from May 2024 to April 2025 for Asia (Domestic India) was 1.8417 USD/kg, indicating that the prices have fluctuated around this average. The range between average and minimum price is 0.1317 USD/kg and that of between maximum and average price is 0.1483 USD/kg, indicating a higher range above average price. The maximum and minimum prices reported for Asia (Domestic India) were 1.99 USD/kg and 1.71 USD/kg, respectively, showing a price range of 0.28 USD/kg.
The average price indicates that the market is experiencing a contraction, with prices consistently trending lower, which could be attributed to reduced demand or increased supply pressures.

Volatility

The standard deviation in Asia (Domestic India) prices was 0.0939 USD/kg, indicating low volatility, which suggests that while prices are declining, they are doing so in a relatively stable manner without extreme fluctuations.
The prices for Asia (Domestic India) traded at a moving average premium of 2.28% and at a moving average discount of 5.29% from the moving average price during the same period, indicating a slight premium over the mean price but a more significant discount overall, reflecting market pressures that may affect profitability for producers.

This analysis highlights the ongoing challenges in the cotton market, particularly in Domestic India, where prices are under pressure from various factors, including global supply chain disruptions and changing consumer preferences. The trends observed suggest a cautious outlook for stakeholders in the textile industry, necessitating strategic adjustments to navigate the evolving landscape.

Trend Report

The average price of ICF Shankar-6 (Gujarat-Merchant) has increased by 2.41% in the month of April 2025 as compared to March 2025. The price of ICF Shankar-6 (Gujarat-Merchant) has been above its last six months average price by 0.10%. The price of ICF Shankar-6 (Gujarat-Merchant) has reduced by a CAGR of -0.88% in last one year. The price of ICF Shankar-6 (Gujarat-Merchant) in the month of April 2025 has decreased by -12.27% as compared to the same month last year.

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ICF Shankar-6 (Gujarat-Merchant) – Market Overview & Industry Significance

Shankar-6 is one of India's most popular and commercially grown cotton varieties, primarily in Gujarat, one of the top cotton producing states in the country. The 28mm staple length variety is popular due to its uniform quality and robust fiber strength and thus it finds pride of place in Indian domestic cotton trade. With the price direction from the Indian Cotton Federation (ICF), this variety is used not just in Indian textile manufacturing but also in other Asian markets.

Gujarat's Shankar-6 cotton is renowned for its bright, white color and low trash content, which makes it ideal for the manufacture of medium to high-count yarns. The 28mm staple length offers a balance between strength and flexibility, making it well-suited for a broad range of textile applications, such as casual wear, bed linen, and general home textiles. Gujarat's highly developed ginning infrastructure, combined with well-established supply chains, guarantees that Shankar-6 is able to uphold its reputation for quality and availability.

The cotton is grown in an area of 4.4 million acres in Gujarat, where semi-arid climates, efficient irrigation networks, and familiarity with the crop by farmers lead to regularly good harvests. The cotton has established a reputation for being fair trade and high yielding, enhancing its popularity among textile manufacturers.

TexPro follows the domestic price movements of ICF Shankar-6 with detailed historical records, real-time market intelligence, and future expectations. This gives textile manufacturers and traders the capability to make the right sourcing choices based on the season, domestic demand, and other market factors.

With historically stable prices, Shankar-6 28mm staple length cotton has emerged as a reliable choice for textile producers across Asia. It continues to be relied upon for garments, home furnishings, and industrial clothes production.