Interviews
Soaring cotton prices hamper industry's performance
21 May '08
3 min read
Since China is facing cotton shortage, the multi nationals have even speculated international cotton prices by covering major quantity of Indian cotton.
Shri Thulasidharan has informed that the Association and also its apex body, Confederation of Indian Textile Industry, New Delhi, have made a number of representations right from the beginning of the season to take necessary steps to control cotton prices. He has stated that all the spinning mills would be closed soon if the present trend continues.
Shri Thulasidharan further stated that Shankar-6, a major cotton variety grown in Gujarat normally used for producing 40s yarn, was priced at around Rs. 19,000 per candy during the years 2006 and 2007 and it is sold at Rs. 23,500 per candy, an increase of 24%.
The average yarn price per bundle of 4.54 kg of 40s hank yarn was Rs.568 during the year 2006 and Rs.558 during the year 2007 whereas, it is sold at only Rs.553, a decrease of 1% when compared to 2007 average price.
Similarly, J-34 cotton normally used for producing 20s yarn, which was sold at an average price of Rs.16,500 per candy during the year 2006 and Rs. 18,000 per candy during the year 2007, now is sold at Rs. 20,500 per candy, an increase of 14%.
20s hank yarn produced out of J-34 cotton was sold at an average price of Rs. 432 during the year 2006 and Rs. 431 during the year 2007, whereas the same is sold at Rs. 447, an increase of 4% when compared to 2007 average price.
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Shri Thulasidharan has informed that the Association and also its apex body, Confederation of Indian Textile Industry, New Delhi, have made a number of representations right from the beginning of the season to take necessary steps to control cotton prices. He has stated that all the spinning mills would be closed soon if the present trend continues.
Shri Thulasidharan further stated that Shankar-6, a major cotton variety grown in Gujarat normally used for producing 40s yarn, was priced at around Rs. 19,000 per candy during the years 2006 and 2007 and it is sold at Rs. 23,500 per candy, an increase of 24%.
The average yarn price per bundle of 4.54 kg of 40s hank yarn was Rs.568 during the year 2006 and Rs.558 during the year 2007 whereas, it is sold at only Rs.553, a decrease of 1% when compared to 2007 average price.
Similarly, J-34 cotton normally used for producing 20s yarn, which was sold at an average price of Rs.16,500 per candy during the year 2006 and Rs. 18,000 per candy during the year 2007, now is sold at Rs. 20,500 per candy, an increase of 14%.
20s hank yarn produced out of J-34 cotton was sold at an average price of Rs. 432 during the year 2006 and Rs. 431 during the year 2007, whereas the same is sold at Rs. 447, an increase of 4% when compared to 2007 average price.
Click here to view more:
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