News & Updates

Cotton yesterday settled up by 0.23% at 30990 as cotton production is expected to fall dramatically in Telangana as a result of the four months of incessant rain and pest attacks. While cotton output is expected to be low, cotton quality is also likely to be affected by the same factors. Cotton farmers have demanded a minimum […]

Prices of most of the varieties and counts of cotton yarn remained steady today in the South Indian region, with demand improving in Tiruppur and Mumbai. Few counts were quoted higher due to improved buying. Traders said that the recent rise in ICE cotton encouraged buyers in the entire value chain. However, consumers’ buying has

Polyester-cotton (PC) and poly spun yarn prices declined in the domestic market as low demand and cheap raw material forced millers and stockists to cut their rates. Poly spun cotton yarn fell by ₹2-5 per kg due to cheap polyester fibre, while PC yarn came down to ₹10 in Ludhiana. Reliance has also decreased prices

Over 65 per cent of top officials blame insufficient demand and raw material price mismatch for the lower capacity utilisation in Indian textile mills in October, as per a recent survey. Only 26.92 per cent units operated at a capacity of over 95 per cent. About 61 per cent of the respondents do not expect

With international markets opening up and rising demand for locally made products, the Indian lifestyle industry is set to witness exponential growth over the coming years. However, the looming recession in US and European markets affecting apparel exports from India, rupee depreciation, inflationary pressure, and geo-political situations around the world are some concerns that the

The reduced purchasing power in key export markets, like the US, due to recession is expected to weigh on the order book of Indian exporters, and could in turn hamper the near-term earnings for the textile companies. The beleaguered textile sector in Pakistan is grasping at straws seeking policy supports from the prime minister. The move

Source: China Macro Economy

South India’s cotton yarn prices decreased by ₹5-12 per kg after Diwali as demand remained weak amid seasonal decline in cotton prices. Buying activity by buyers in the textile value chain is limited, which is further dampening market sentiments. However, traders expect seasonal buying to pick soon as stocking is essential during cotton arrival.  The

Due to the near continuous rains this season, the pest attacks, mainly pink bollworm, on the cotton have been lower this year. Also, the TS Government officials ensured that use of herbicide tolerant cotton seeds (HrBt), which is not approved by the Government, is kept low compared to 15% to 16% of the acreage at the national

As the deadline for importing duty-free cotton in India was met yesterday, an industry body has urged the government to extend the period for duty-free cotton imports to November 30. Recent disruptions in global supply chain have delayed the India-bound cotton imports from Australia and US.  It is to be noted that the government had