Home / Knowledge / News / Textiles / Rising demand, cotton prices surge by 15-30%

Rising demand, cotton prices surge by 15-30%

19
Jul '10
As per NCDEX Knowledge Management Department Economist, Kavita Chacko, since the beginning of the year, amidst different varieties of cotton, the prices have increased by 15-30 percent, owing to restricted supplies and high demand.

In June, cotton prices reach new heights, practically its peak, owing to active buying by mills and firm demands by yarn producers in Asian nations. The net dearth in the raw material supply, clubbed with increased buying, especially from China, resulted in the practical market prices of cotton move ahead, informed Chacko.

During June 2010, the price of Shankar-6 variety of cotton ruled about Rs 29,500 per candy (356 kg) in the market. Local prices were maintained by fresh demand for exports, post government withdrawing the ban on exports, averred Chacko.

Again in June, cotton prices rose to record highs, mainly on the back of restricted supplies and increased demand. This ascending price trend was supported by the increase in demand for the raw material from China.

Now the government is intending to fix the volume of cotton exports from the country per year, announcing in advance the quantity available for exports and for local use.

However, monsoon failed to meet farmer's expectations in June and sowing in many parts of northern zones was affected. But the recent upward trend in monsoons, which has covered most of the nation, has boosted the prospects for cotton sowing.

More so, as the Directorate of Cotton Development, June 2010 end witnessed a 19 percent rise in cotton acreage on a year-on-year basis. The area for cotton cultivation stood a little more than 2.6 million hectares.

For the current season, a number of agencies have been predicting a steep rise in Indian cotton production, with farmers shifting to cotton, due to better crop earnings. These agencies have predicted local production of cotton, for the year 2010-11 to cross 30 million bales.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Apr 2020

UKFT campaigns to support small companies amid COVID-19

UKFT is urging the government to provide support for individuals or...

Pic: Shutterstock

Apparel/Garments | On 3rd Apr 2020

China's silk town Shengze sends face masks to Milan

The Shengze Chamber of Commerce in the city of Suzhou in China’s...

Pic: H&M

Fashion | On 3rd Apr 2020

H&M awards €1 mn to five innovations of fashion industry

From lab-grown cotton and creating fabrics from protein DNA, to...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Henk-Jan Rohaan,

Henk-Jan Rohaan

The custom-built machineries of Brugman Holland are known for reliability, ...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


March 2020

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


Advanced Search