;
Home / Knowledge / News / Textiles / Gujarat cotton prices hit record high this season
Gujarat cotton prices hit record high this season
26
May '08
Spot prices of Shankar 6 variety of cotton rose sharply to record the highest ever in the current season 2007-08.

Prices in Gujarat market jumped by around Rs1000 to touch Rs24,200 per candy against last weeks Rs23,000 - 23,200 per candy. On the other hand, those of other good quality cotton mounted to hit as high as Rs25,000 per candy. Moreover, market observers predict that prices are likely to cross the current levels in the future.

According to estimates made by Cotton Advisory Board, although the figure have already reached 7 million bales, cotton exports from India is likely to reach 8.5 million bales in 2007-08 (Oct-Sept) from 5.8 million bales in 2006-07.

Experts believe that this unreasonable jump in cotton prices is the consequences of supply shortage in domestic market followed by uncontrolled exports. Besides, stocking of the commodity by ginners to get better returns and weakening rupees against dollar has also had its impact in spiking cotton prices.


Must ReadView All

CPTPP comes to Vietnam Jan 14 with benefits, challenges

Apparel/Garments | On 23rd Jan 2019

CPTPP comes to Vietnam Jan 14 with benefits, challenges

The Comprehensive and Progressive Agreement for Trans-Pacific...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Pakistan's textile exports stable in H1 FY18

Textiles | On 23rd Jan 2019

Pakistan's textile exports stable in H1 FY18

The value of textile and garment exports from Pakistan remained...

Interviews View All

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Paolo Crespi,

Paolo Crespi

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

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harsh Shah,

Harsh Shah

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

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


January 2019

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

news category


Related Categories:

Advanced Search