CHENNAI: Greaves Cotton saw its standalone net profit for Q1FY24 dip to Rs 33.8 crore down from Rs 35.63 crore in the year-ago period. Standalone revenue stood at Rs 396 crore for the first quarter compared to Rs 373.62 crore last Q1. The company has reported an improvement in standalone margins with quarterly EBITDA at […]
Greaves Cotton Q1 profit after tax dips Read More »
The cotton crop in North India is under the threat of pink bollworm (PBW) attacks and the intensity of pest attacks is seen higher this year compared to the last two years. While PBW was observed in cotton only at the end of the season in North during kharif 2022-23, this year the pest has
Pink bollworm threatens cotton crop in North India Read More »
The Indian government has postponed by three months its decision to implement the Cotton Bales (quality control) Order, 2023. The order will be implemented from November 27, instead of August 28, a gazette order issued by the Ministry of Textiles late on Tuesday night said. The decision to defer the implementation came after a request from
India defers cotton quality control order by 3 months Read More »
India’s cotton yarn exports have continued declining in January-May ’23 period, signaling an acute shortage in demand. The country has witnessed a drop of 32 per cent in cotton yarn export in the said period on a Y-o-Y basis clocking US $ 1.32 billion in revenue as compared to US $ 1.95 billion in revenue
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
Centre rules out an increase in MSP for cotton, but farmers seek more Read More »
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
Import duty hurts. Textile industry capacity utilisation halves on high cotton prices Read More »
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
North India’s cotton yarn prices steady; market cautious of COVID wave Read More »
Price of cotton crop has been declining in different agricultural markets in the erstwhile Karimnagar district. There was a Rs 2,700 decline in the price during the last fortnight. Though the price of a quintal cotton rose up to Rs 9,000 in the second week of November, it has started declining from the third week
After a hike, cotton price now declining in Karimnagar Read More »
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
North Indian cotton yarn market bearish; Panipat’s market stable Read More »
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
