Home / Knowledge / News / Textiles / Cotton prices portend only one direction

Cotton prices portend only one direction

22
Feb '10
The current cotton season (Aug-July) seems to be moving towards the final laps of an early closure. Cotton prices too have touched historic levels and are also still displaying signs of moving further in the northwards direction.

As per the last fortnightly report of the Pakistan Cotton Ginners Association (PCGA), up to February 15, ginneries reported arrivals of 12,617,561 lint equivalent bales.

Of this, domestic textile mills have taken deliveries of 11,210,549 bales, exporters have lifted 795,148 bales, leaving 611,819 bales unsold lying with the ginners in both pressed and loose form.

Due to the tight conditions, the prices of seed cotton have reached record levels ranging from Rs 2,200 to Rs 2,500 per 40 kgs since Wednesday in both Sindh and Punjab, which has sent a sense of euphoria among farmers.

With domestic cotton having become a scarce commodity, there is scant hope of any easing of prices of cotton or textile products in the near future.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 7th Apr 2020

Kenya permits Kitui factory to manufacture preventive gear

The Kenyan government has permitted the Kitui County Textile Centre...

Pic: Shutterstock

Textiles | On 7th Apr 2020

Developing Asia growth to decline sharply in 2020: ADB

Regional economic growth in developing Asia will decline sharply in...

Pic: Shutterstock

Textiles | On 7th Apr 2020

Fiji's textile, clothing, footwear sector seeks govt help

The Textile Clothing & Footwear Industry Council of Fiji has sought...

Interviews View All

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

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 ...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


April 2020

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


Advanced Search