Rising cotton prices are likely to compund the woes of spinning mills, which have been facing weak demand from China and Bangladesh, which buy over 75 per cent of India's cotton yarn
Pressure exacerbated by increasing labour costs, interest on working capital, land, plant and machinery
Lower cotton acreage and lower availability at a time when crude oil prices are falling is likely to raise India's consumption of manmade fibre and synthetic yarn
Maize is trading at Rs 2,090 per quintal prices at the Nizamabad market
India has been accused of giving out subsidies much higher than the 10 per cent limit allowed by the WTO
The US wants a robust discussion on how India implements and notifies its policies at the next COA meeting
A new edible variety is poised to enter the market
Cotton was also one of the few crops that hedge funds got more positive on during the course of the year
Govt plans to revise 'Technology Mission on Cotton' to allow branding, contract farming
Domestic cotton prices rose 19% from a year ago to Rs 41,300 per 356 kg candy
Study found majority of injuries occurred as a result of using cotton tip applicators to clean ears
Mills in India caught on wrong footing as prices remained elevated, imports also rising
Cotton futures on MCX, more known for its energy and metal commodities derivative trading, has seen a highest trading volume among all agri commodities across exchanges. MCX Cotton futures turnover clocked Rs 407.65 Crore yesterday, which is the highest amongst all agri commodities across exchanges.According to a broker on MCX , which deals with many companies hedging their cotton requirement on the exchange platform, "big apparel companies like Arvind, multinational trading firms and mid size year spinning and other textile companies have increasing their hedging for cotton requirement on the MCX platform contributing to the high volumes." He declined to be named as some of companies are hedging through his broking arm on MCX.Recently MCX also addressed some events and projected cotton contract as their agri face and planning to enter a few more agri commodities. However still NCDEX continues to be the major exchange for agri trading and their efforts to lure farmers have yielded ...
Demonetisation-induced cash crunch has led to the closure of smaller spinning mills
Traders expect Rs 700-1,000 a tonne of further fall in cotton price by mid-Nov
Better monsoon, absence of pest attacks to raise yield by 17.47%
The lower shipments to Pakistan from the world's biggest cotton producer will help other suppliers such as Brazil and the United States
Historically, high cotton price has not benefited the spinning industry - it impacts demand, reduces competitiveness, and increases the risk of inventory loss
CAI has estimated the cotton crop in India for 2016-17 season at 33.60 million bales
Industry calls for global branding efforts of India's Shanker-6