You are here
Home > Agriculture >

Cotton price rise has textile sector worried

The recent increase in cotton prices is emerging as an issue of concern to the textile industry, the main consumer of cotton.

A month ago, the price of Shankar 6 variety of cotton was ₹43,000 a candy. It is almost ₹46,000 a candy now.

S.K. Rangarajan, president of the South India Spinners’ Association, said that yarn prices had gone up for some varieties. “The market might not absorb any further increase in yarn price,” he added. Apart from price, the mills also faced quality issues in domestic cotton this year. Further, the industry fears that prices might remain high next season as well as China was importing cotton. According to textile mills, the higher cotton prices reflected on yarn prices. For, some yarn varieties, the prices had gone up by 15 %.

The mills that had covered cotton at the beginning of the season would benefit now.

Low stocks

Those who were buying for daily needs might be affected. Cotton stocks with small and medium-scale mills would be low. Internationally, China was said to be importing large quantities, according to industry sources.

The mills fear that as the season comes to an end, the prices might go up further. Since cotton is the main raw material, the entire textile value chain will be affected.

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.


A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.


We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Source link

Leave a Reply