Indian cotton crop for the next season beginning in October will remain at the same level as the current year. Mumbai-based Cotton Association of India (CAI) released the first estimate for the next year’s cotton crop beginning on October 1. For the 2016-17 (October to September) new season, India is estimated to produce 33.6 million bales (170 kg each). CAI has estimated current year’s crop production to be 33.8 million bales, which tallies with the recent estimate by Indian Government’s cotton advisory board.
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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.
The NIFT-TEA Knitwear Fashion Institute is collaborating with Synthetic and Arts Silk Mills Research (SASMIRA) to develop a machine for dyeing cotton fabrics without the use of water. The proposed machine will be similar to the one developed by SASMIRA for dyeing polyester fabrics, which uses liquefied carbon dioxide instead of water. The two organisations recently signed an MoU to pursue technological innovations as a part of the collaborative projects, undertake research activities and information exchange on new technologies, media reports said.
The Cotton Textiles Export Promotion Council, known as TEXPROCIL, has been the international face of cotton textiles from India facilitating exports worldwide. The Council connects international buyers with appropriate suppliers and facilitates interaction that enables them to source their specific needs. Siddhartha Rajagopal, Executive Director, Texprocil, provides some wish-list for the industry and the Government in boosting cotton consumption in India.
Soaring cotton prices are spinning the spinners’ future out of control. Dipping cotton stock is adding to the woes. At this stage, a sharp drop in cotton prices is only a far cry, reveals an ITJ Exclusive Report. Cotton has never failed in the last one decade to kick up controversies with various interests getting down to a tug of war trying to call the shots. The year 2006 is no exception. The sharp rise of over 35 per cent in domestic cotton prices since May 2016 is certain to squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra).
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.
The Cotton Textiles Export Promotion Council, known as TEXPROCIL, has been the international face of cotton textiles from India facilitating exports worldwide. The Council connects international buyers with appropriate suppliers and facilitates interaction that enables them to source their specific needs. Siddhartha Rajagopal, Executive Director, Texprocil, provides some wish-list for the industry and the Government in boosting cotton consumption in India.