Wisdom Cotton

Centre rules out an increase in MSP for cotton, but farmers seek more

While cotton farmers in several States have demanded an increase in the minimum support price (MSP) of the crop, the Centre has said that it is “watching” the cotton production scenario and decide accordingly. A senior official of the Union Textile Ministry told The Hindu that the domestic prices right now are higher than the MSP of cotton. “MSP …

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Import duty hurts. Textile industry capacity utilisation halves on high cotton prices

The capacity utilisation of the textile industry has plunged 50 per cent with domestic cotton prices ruling much above the international market due to levy of import duty. Though raw cotton prices are hovering about ₹60,000 per candy (of 356 a kg) from its peak price of ₹1.10 lakh per candy, the rates are still …

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North India’s cotton yarn prices steady; market cautious of COVID wave

North India’s cotton yarn prices remained stable today amid limited buying. Recent reports of re-emergence of COVID dampened market sentiments, however, demand and prices were not impacted. Traders have adopted the wait and watch policy to assess its impact on the textile sector. Recycled yarn prices were steady in Panipat, even as shortage of raw …

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North Indian cotton yarn market bearish; Panipat’s market stable

North India’s cotton yarn market witnessed a bearish trend today as cotton prices were not feasible for the textile industry. Buyers are following the wait and watch approach and avoiding bulk buying. Yarn prices declined in Delhi as weaving industry was cautious about buying. Panipat’s recycled yarn was stable, but cotton comber and recycled fibre …

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India’s fabric

Demand for sustainable or organic cotton on the rise, providing an opportunity for the country to excel A few years ago, images of the drying up of the eastern bed of the Aral Sea had shocked millions. It was linked to the widespread growing of unsustainable cotton, backed by the Uzbekistan government, to pocket greater …

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India’s cotton yarn exports down by 71% in September ’22

Continuing the negative trend, India witnessed 70.86 per cent decline in its cotton yarn export during September on Y-o-Y basis. The official Commerce Ministry’s data and Apparel Resources’ analysis further showed that cotton yarn exports have shrunk to US $ 129.28 million in September ’22 from US $ 442.80 million a year ago. Cumulatively, in April-September …

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Cotton yarn prices down in Delhi, North India faces sluggish demand

North India’s cotton yarn trade was not getting support from any direction. Poor demand from both the domestic weaving industry and the export market forced spinners and stockists to reduce cotton yarn prices in the Delhi market by ₹10 per kg per kg. However, Ludhiana market noted steady trend. Panipat market recorded stable prices of …

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Cotton yarn prices down in south India; slowdown worries industry

South India’s cotton yarn prices decreased today as demand from end users remained poor. Buyers in the entire textile value chain were cautious amid global slowdown and yarn imports from China. Tiruppur market noted a fall of ₹5-7 per kg in carded yarn as Tamil Nadu-based small spinners were under stress. Mumbai also noted a …

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