Search Result For
Result(s) found: 8
No cotton/yarn shortage, clarifies Centre
In order to ensure availability of cotton for domestic mills, the Indian Government had directed Cotton Corporation of India Ltd to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to spinning mills in the micro small medium enterprise (MSME) category to contain fluctuation in cotton prices.
Brazilian cotton prices up 22.6% in 2016
Following a 35 per cent increase in cotton prices in 2015, Brazilian cotton prices continued to rise in 2016, in which they grew 22.6 per cent over 2015. Cotton prices were primarily driven by low cotton supply in the local market from an unexpected crop failure in the 2015-16 season, while firm demand also pushed up quotes in the last four months.
Mills SOS to Textiles Minister
As the cotton season (October 2015 to September 2016) comes to an end and cotton prices have shot up to nearly Rs 50,000 a candy, textile industry associations from different parts of the country met the Union Textile Minister Smriti Irani in New Delhi.
Rising cotton prices to hit hard small players
The sharp rise of over 35 per cent in domestic cotton prices since May 2016 will squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra). Ind-Ra expects prices to remain elevated around the current levels of Rs 120 per kg to Rs 127 per kg till the end of the cotton crop year of September 2016. The spike in cotton prices will adversely impact the profitability of pure cotton ginners and spinners due to their inability to pass on this steep increase to their customers, at once, due to decreasing cotton demand and increased competitiveness of manmade fibre.
Cotton imports cross 20 lakh bales
India’s cotton import has soared above 20 lakh bales thanks to skyrocketing cotton prices. While Cotton Advisory Board (CAB) had projected imports of around 15 lakh bales during 2015-16, trade and industry officials opine that imports have already crossed 20 lakh bales.
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.
Global cotton prices' decline to continue
At the end of 2013/14, international cotton prices were around 80 US cents/lb and have continued falling in the first two months of the new season. Given the predicted 1.8 million tons of surplus cotton production and changes in China's cotton policy,
Cotton prices stable; haze over China's policy
The USDA's latest report featured an increase to global figures for 2014/15 beginning stocks (+336,000 bales, to 100.3 million) and production (+376,000 bales, to 118.0 million) as well as a decrease to the estimate for world consumption (-479,000 bales, to 112.1 million).