Home / Knowledge / News / Textiles / Soaring cotton prices hamper industry's performance
Soaring cotton prices hamper industry's performance
21
May '08
The Cotton Advisory Board at its meeting held on 17th May 2008 has estimated a record and bumper cotton production of 315 lakh bales for the year 2007-08.

The predominantly cotton-based Indian textile industry had been performing extremely well during the years 2003 to 2007, mainly due to the adequate availability of good quality home grown cotton.

But during the year 2007-08, apart from various other factors like sudden appreciation of rupee against US dollar, escalation in bank interest rate, slump in the local and export markets, the abnormal cotton price has totally paralysed the performance of the textile industry and in scenario, even the top ticket mills are incurring cash losses.

In a press release issued, Shri J.Thulasidharan, Deputy Chairman, The Southern India Mills' Association, has appealed to the Government to immediately intervene and take necessary steps and make the Indian textile industry to derive benefit out of the home grown cotton.

He has stated that unlike previous years, this year many multi national cotton traders have entered into the Indian market and dominated the cotton purchases from the beginning of the season.

They have covered all good quality cotton not only for export purpose but also for selling the cotton in the domestic market.

In scenario, though the spinners are ready to pay the price, the traders are speculating the cotton prices and refusing to sell the cotton to the domestic spinners.


Must ReadView All

EU agrees to set up new e-com rules to improve fairness

Apparel/Garments | On 23rd Feb 2019

EU agrees to set up new e-com rules to improve fairness

The European Parliament, the Council of the European Union and the...

Pic: rawpixel.com from Pexels

Textiles | On 23rd Feb 2019

China's textile & apparel exports up 9.2% in Jan 2019

Textile and apparel exports from China increased by 9.2 per cent in...

Pic: Artem Bali from Pexels

Apparel/Garments | On 23rd Feb 2019

Vietnam improves localisation ratio in textiles, garments

Though poor supporting industries have been traditionally considered...

Interviews View All

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


March 2019

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

news category


Related Categories:

Advanced Search