Home / Knowledge / News / Cotton / Indian cotton prices rebound on increased demand

Indian cotton prices rebound on increased demand

05
Jul '12
Cotton prices in Indian markets are on a rise owing to increased demand from spinners and textile mills.
 
On July 4, the benchmark Shankar 6 variety of cotton was trading in Gujarat at Rs. 34,500 per candy of 356 kg each. In the northern states of Punjab and Haryana, the price was quoted at around Rs. 33,500 per kg, while it was in the range of Rs. 35,000-35,300 in south India.
 
“The prices of cotton have increased by Rs. 2,000-2,500 per candy during the last fortnight,” informed Mr. Paresh Valia of Asha Cotton Industries to fibre2fashion.
 
“The rise in prices of cotton is due to increased buying, which is mainly due to three reasons. First, is the delay in onset of monsoon, because of which new cotton would arrive only in November, i.e. after about five months from now,” he says.
 
“Most of the textile mills do not have enough cotton stocks to last for another five months. While large textile mills have some covering, other mills have cotton stocks enough to last for only 10-15 days,” he reasons.
 
“Secondly, there is an increase in the prices of yarn and the textile mills have enough orders in hand. This is driving the demand as well as prices of cotton,” he avers.
 
“Another reason is the expected 10-12 percent drop in cotton production during the coming season. It is because some farmers are likely to shift from cultivating cotton to other crops such as soya, groundnut and castor, as they are currently getting good returns on these commodities, and their prices do not fluctuate a lot like cotton,” he explains.
 

Fibre2fashion News Desk - India


Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Top executives, Textile industry

Top executives
Textile industry

Sustainable fashion is also ‘slow fashion’

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Bani Batra,

Bani Batra

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

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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

Leave your Comments


October 2019

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

news category


Related Categories:

Advanced Search