As farmers are delaying sales of their harvest hoping for higher prices in coming months, Indian traders are struggling to export cotton despite higher production. Indian traders so far in the new season have contracted 70,000 bales for exports, significantly lower than more than 500,000 bales contracted during the same period a year ago, said …
Despite higher production, cotton exporters struggling to export Read More »
MUMBAI, Nov 23 (Reuters) – Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months, industry officials told Reuters. The limited supplies are keeping local prices significantly above the global benchmark , making overseas sales unviable from the world’s biggest …
India’s cotton exports stall as farmers delay sales hoping for higher prices Read More »
Tamil Nadu fast tracked its efforts to increase cotton production to ease the burden of the industry for sourcing the natural fibre from other states. Non-availability of cotton locally is the weakest link of Tamil Nadu’s textile industry. The state government has planned to increase cotton production from 5 lakh bales of 170 kg to …
South India’s Tamil Nadu On Fast Track To Multiply Cotton Production Read More »
South India’s cotton yarn prices remained stable today despite a fall in the prices of the natural fibre. According to trade sources, demand was not supportive, and regular but limited buying was unable to support market sentiments. Fearing losses, buyers were discouraged after cotton prices fell. Disparity and unstable market conditions are the main causes …
Decline in cotton prices discourage south Indian yarn buyers Read More »
Cotton exports this year may fall short of the 40 lakh bales estimated recently by the Committee on Cotton Production and Consumption, traders said. According to Rakesh Rathi, former president of Indian Cotton Association (ICAL), Bathinda, export enquiries are poor as Indian cotton is more expensive by 10 cents a pound compared with world cotton …
North India’s cotton yarn is facing low demand today due to a lack of buying from end consumers. However, yarn prices strengthened in Ludhiana as selling by mills was muted. The prices were stable in Delhi as well as in the recycled yarn market of Panipat. Cotton prices continued to ease as arrival increased, which …
Cotton yarn prices up in Ludhiana despite poor demand in north India Read More »
Reduced domestic consumption as well as exports coupled with higher production led by increased sowing area may increase closing cotton stock for 2022-23 season by 2.5 million bales (170 kg per bale) to nearly 5.8 million bales compared to previous season. “Cotton season in India begins from October 1 and ends on September 30. As …
Closing cotton stock to increase by 2.5 million bales this season Read More »
South India’s cotton yarn prices remained stable today amid weak market sentiments. Basic raw material was traded at previous prices because demand from downstream industry was low. Buyers in the entire value chain were cautious in the absence of end consumers. Price disparity at various levels was also the one of the causes for concern …
Cotton yarn prices steady in south India; price disparity worrisome Read More »
India’s domestic cotton demand for the 2022-23 season up to September is estimated to be lower by about 18 lakh bales (170 kg each) at 300 lakh bales or nearly 6 per cent less than last year’s 318 lakh bales, the Cotton Association of India (CAI) has estimated. The association’s Cotton Crop Committee meeting on …
India’s domestic cotton demand set to dip 6% in 2022-23 Read More »
Cotton yarn prices further rose by ₹10 per kg in Delhi as spinning mills were not willing to sell at lower prices. Mills are facing a disparity of ₹10-15 per kg as higher kapas prices had led to a rise in cotton prices. However, cotton prices eased today as cotton future slipped due to macro …
Cotton yarn price up again in Delhi; disparity persists in north India Read More »
