Any adverse movements in cotton prices or demand for yarn need to be closely monitored
The textile industry utilisation levels remain a concern globally and hence, any spurt in cotton prices would certainly tell on industry profit margins
Cotton prices ease to 1 month low. Cotton prices lowers 3% this week. Watch Commodities Corner with Manisha Gupta to know more.
Textile manufacturers, particularly apparel makers, have had a tough going with demand collapsing in EU and US, their key markets. No near term solace is in sight
Exports are down 20 per cent for the last few months on weak demand from the key US, and EU markets; the rupee fall and better cotton crop may reduce the impact.
Spinning mills that were cheering lower cotton prices in the last few weeks may have to deal with low cotton output, weak global demand for textiles, rising interest costs and more…
Cotton price per candy has risen 53 percent in five months to Rs 1.15 lakh and mainly due to low production this year, South India Spinners Association president pointed out.
A cotton crop decline, along with increased demand by local mills and for exports, has sent the price of cotton rocketing by over 100%.
Several retailers had hiked prices in December before launching their summer collections. However, given the steep rise in the price of cotton, a key input, these players may hike prices again.
The problem is that if textile mills pass on the impact of higher input prices, that could make India’s export price unviable in global markets
Rising cotton prices are bringing cheer to farmers and cotton traders, but yarn mills are worried it may dull their brightened business outlook
Cotton prices have soared due to the US-China standoff, but yarn mills are not worried as market conditions are in their favour, so far
Saddled with high input costs on account of rising cotton prices, apparel makers plan to hike prices.
Production in China and Australia were expected to increase, while in India, the world’s largest cotton grower, the output was likely to be the same as last year at 29.5 million bales.
Going forward, decline in cotton price may be limited due to government support price
A review of cotton crop situation for the current year 2017-2018 (till September 2018), carried out by ICF directors here suggested that the monsoon would be a major deciding factor for cotton prices during the period.
Our growth strategy for domestic business is in place. We have an entire team for that, said Altaf Jiwani, CFO, Welspun India
After riding high in July and August, domestic cotton prices are expected to ease in the coming months due to arrival of new crop coupled with lower consumption and exports in the current season, says a report.
As per the Icra research, cotton availability is likely to remain tight in 2017 and the prices will remain elevated on a year-on-year basis during the second half of 2016-17.
The fall in domestic production has spiked cotton prices, which are likely to remain at a high level of Rs 120-127/kg till the cotton season ending September, it said.
With starting of production in new capacities by the fourth quarter of FY17, he expects to a revenue growth in FY18, said Dinesh Nolkha, MD, Nitin Spinners.
says a report. India Ratings and Research (Ind-Ra) said it maintains a negative outlook on the cotton sector for the next fiscal.
Sharekhan has come out with its report on agricultural commodities. According to the research firm, Cotton international futures are sliding on news of stocks to be released by India and China. Prices may remain range-bound in the domestic market, says Sharekhan.
The prospect of a recent entrant to the UK value fashion market reducing the size of its flagship store has highlighted the pressure on 'cheap chic' chains.
Fitch Ratings has come out with its report on cotton exports. According to the rating agency, the recent partial lifting of ban on cotton exports by the Indian government has created uncertainty over cotton prices and timing of cotton buying for domestic textile companies.