Cotton price to fall Cotton prices are expected to fall 3-5% in the next two week as pickings from a new crop increase amid dull mill demand, traders said. Daily cotton arrivals from the winter crop, sown in June-July and harvested in October-Janaury, were expected to rise to about 75,000 bales (of 170 kg each) by end- November from about 45,000 bales now, they said. “Millers are not coming forward to buy in bulk and widen quality choices,” said a cotton trader. Courtesy: The Economic
Times, 14th November 2002 Cotton prices up Despite “undercutting” by textile mills in India, the price of cotton yarn has firmed up slightly, coupled with improvement in exports during the current fiscal, according to an industry association. (Courtesy-The Economic Times) Centre to launch cotton tech mission in 3 northern states The Integrated Cotton Development Programme(ICDP) would be implemented in three districts of Haryana and Punjab each and two districts of Rajasthan from the next financial year. more info... Mandi arrivals top 16.3 lakh bales tech mission in 3 northern states Over 16.25 lakh bales of cotton have so far arrived in mandis of northern region comprising Punjab, Haryana and Rajasthan, according to the North India Cotton Association. Nearly 17.5 lakh cotton bales were expected to arrive during the current season. The total arrival last year was 27.50 bales. Pakistan : Rise in cotton prices The dealer’s form Pakistan reported that the cotton prices rose during the week as slower new-crop supplies from the southern province of Sindh fell short of growing textile demand. Further report stated that the rally was also helped by dwindling stocks of the state Trading Corporation of Pakistan (TCP) and a rise in the prices of unprocessed seed cotton at the farms. more info... |
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