Home / Knowledge / News / Textiles / Cotton prices to soar with high global demand

Cotton prices to soar with high global demand

23
Feb '11
Strong demand in the global market is likely to boost the cotton prices in the domestic market.

This year, owing to the climatic adversities in some of the world's leading cotton producing countries like Bangladesh, China, India and Pakistan, the global lint production remained low than usual, and this has created a gap in the global demand and supply of cotton.

As indicated on the Cotlook A Index (International Cotton Industry weekly newsletter), the cotton lint prices have soared from last year's 78 cents per pound to two US dollar per pound, this year.

Further, a preliminary analysis reveals that, the country's total acreage for the current year may be around 450,000 hectares, which is above the last season's 350,000 hectares with a crop size of 268,000 tons.

The cotton production for the 2010 year is likely to touch 260,000 tons, up from 2009's 211,000 tons.

Also that, the promulgation of Statutory Instrument 142 of 2010 that secures the interests of the cotton cultivators as well as the buyers, by disallowing side sales, too has raised the trust in the sector, owing to which the contractors who had exited the sector in 2009 have revisited the sector while hiring higher number of farmers.

The cotton output for the 2011 is anticipated to witness a further rise of three lakh tons.


Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Pic: UNCTAD

Textiles | On 26th Feb 2020

Barbados unveils one-stop investment guide

As Barbados prepares to host the 15th quadrennial conference of the...

Interviews View All

Evelyne Cholet, UCMTF

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Kalai Selvi,

Kalai Selvi

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

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

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

Karan Arora, Karan Arora

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


February 2020

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


Advanced Search