Textile major Arvind Ltd has reported a 41 per cent decline in net profit for the year ended March from a year ago on the back of demonetisation and increase in cotton prices.
Browsing: Cotton Price
The consistently high cotton prices in India in 2016-17, and which is still continuing in this financial year, will encourage Indian farmers to grow more this year.
The Cotton Association of India (CAI), which has released its December estimate of the cotton crop for the 2016-17 season beginning from October 1, 2016, has placed the cotton crop at 341.00 lakh bales of 170 kg each.
Dibella, Germany has signed a partnership contract with “Cotton made in Africa†(CmiA) in time for the start of the Heimtextil Fair.
One of the world’s leading academic institutions, the University of Liverpool, has joined forces with the International Cotton Association (ICA), to develop a new online course, which will lead to a professional certificate for the commodity world.
The International Cotton Advisotry Committee (ICAC) Secretariat forecasts that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.
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.