Home / Knowledge / News / Textiles / Cotton export ban pulls down domestic prices

Cotton export ban pulls down domestic prices

03
May '10
Following the ban on raw cotton exports, cotton prices in Gujarat, one of the largest cotton manufacturing states, have plummeted by Rs 2,000 per candy. Each candy weighs around 356 kilograms.

According to an official from the Cotton Corporation of India (CCI), price of high-end quality of lint cotton, such as Shankar-6, has declined from about Rs 29,000 per candy to Rs 27,000 post the ban on overseas sales of raw cotton.

During April first week, Shankar6 was quoted in the price range of Rs 29,000 – 29,500 per candy. Due to this unprecedented hike in prices, on April 19, the govt announced a ban on the overseas sales of cotton and subsequently imposed an export duty of Rs 2,500 per ton.

Also, as per CCI, nearly 1 million bales of unsold cotton are stocked with farmers and almost the same quantity is stocked with the ginning mills.

More so, per candy price of the desi short staple cotton, Kalyan V-797 variety has also dropped by Rs 2,500 within the last ten days.

Fibre2Fashion News Desk - India


Must ReadView All

Foreign brands competing with local clothing companies in Vietnam

Apparel/Garments | On 17th May 2021

Foreign brands competing with local clothing companies in Vietnam

International brands are giving tough competition to the local...

Pic: Casimiro PT / Shutterstock.com

E-commerce | On 17th May 2021

London-based global fashion platform Lyst raises £60mn

Lyst, a London-based global fashion aggregator that operates an...

Pic: Shutterstock

Textiles | On 17th May 2021

Prime Content| China cotton index may remain stable in coming months: TexPro

The China cotton is expected to remain above 16,000 RMB per ton or...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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


May 2021

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


Advanced Search