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

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Courtesy: Invista

Textiles | On 21st Aug 2018

Fujian Petrochemicals to use Invista's P8 PTA technology

Invista’s technology and licensing group, Invista Performance...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Chunyi Zhi
City University of Hong Kong

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

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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


August 2018

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

news category


Related Categories:

Advanced Search