Cotton prices to rise?
Cotton prices in the Indian market are expected to rise during the coming “off-season months” on reports of lower production forecast and lesser carryover stocks likely for the next season on better consumption and exports.
Small drop in HOSEX
The Federation of Hosiery Manufacturers’ Association of India (FOHMA) is the apex body for the hosiery industry in India. Over the past four decades, FOHMA has been constantly endeavouring to come out with new initiatives to assist the industry in becoming world class and organised to benchmark itself against the best in the world.
Larger brands perform well
CMAI’s Apparel Index for October-December 2015 (Q3) shows the industry has maintained moderate growth with an overall index value of 4.64 points. Giant and large brands have continued their growth trajectory; however, the pace has slowed down compared to previous quarters. But they stayed ahead of small and mid brands.
Cotton Stabilises, Polyester Dips
Globally, cotton prices fell towards the end of 2015 but started stabilising as the New Year progressed. But the polyester prices kept on falling following the slump in the petrochemical prices.
Cotton arrivals slow down
The Cotton Association of India (CAI) has released its December estimate of the cotton crop for the 2015-16 season, which began on 1st October 2015. The CAI has placed its December estimate of the cotton crop for the 2015-16 season at 357.00 lakh bales of 170 kg each.
Apparel maintains growth tempo
CMAI’s Apparel Index for the Second Quarter (July-Sept 2015) once again confirms that the industry has maintained its growth tempo with overall index value at 6.68 points. Giant and large brands have continued their growth story much like the previous quarters and stayed ahead of the curve. They have done better with higher sales turnover and lower inventory holding.
Maharashtra targets to buy 100 lakh qtls of cotton
The Mumbai-based Maharashtra State Co-Operative Cotton Growers Marketing Federation said it is ready to procure up to 100 lakh quintals of cotton as against the 27 lakh quintals it had purchased last season. About 370 lakh quintals of cotton yield is expected
Bumper cotton crop may pose more problems
Another bumper crop of cotton is in offing and tremors are felt already on the price front. The Cotton Corporation of India (CCI) is getting ready for yet another year of minimum support price (MSP) operations.
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