Page 3 of cotton

Local prices of several cotton varieties have more than doubled in the past one year. For instance, the price of the ICS-105 variety (fine 28 mm) in the key producing state of Gujarat hit Rs 1,01,000 per candy of 356 kg each on Wednesday, compared with just Rs 45,300 a year before.

Govt considers cotton export ban proposal to curb price increase

“The proposal (to ban exports) is on the table, along with other possible options. A decision will be made soon,…

May 19, 2022 00:15 IST

60 CPSEs in non-strategic sector identified for privatization or closure

A group of officers from Niti Aayog, department of public enterprises and administrative ministries are identifying the companies which will…

May 16, 2022 06:30 IST

Future tense for textile value chain as cotton price zooms

Even the government’s decision to abolish import duty on cotton has not provided the much-needed reprieve to the ailing textile…

May 13, 2022 08:26 IST

Duty removal fails to boost cotton imports as high prices prove dampener

As per Cotton Association of India, the decision came a couple of months late and if it had been taken…

April 27, 2022 04:45 IST

Domestic hoarders (usually traders), who used to think cotton purchases from abroad are not viable due to the import duty, will have no such incentive to hold on to the stocks in anticipation of a further rise in prices, according to Singh.

Local cotton prices to drop soon, says textile secretary

Cotton prices skyrocketed after domestic production is estimated to ease to about 34 million bales in the current marketing year…

April 15, 2022 05:45 IST

Import duty removal on cotton may help bring down prices: Textile Secretary

Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC).…

April 14, 2022 20:38 IST

Duty free import of raw cotton to push exports of value added textiles: FIEO

The move, he said, will promote exports of apparel and made-ups sectors significantly by softening the prices of yarn and…

April 14, 2022 11:19 IST

Prior to the move, cotton imports in India were effectively taxed at 11% (including agriculture infrastructure development cess and surcharges). With the latest notification by the revenue department, the cess and the surcharges will also cease to exist, which will allow the import of cotton at zero duty.

Finance ministry scraps import duty on cotton

Prices of the commonly used cotton variety have more than doubled to breach the Rs 90,000-mark per candy of 356…

April 14, 2022 06:00 IST

Cashing in on a resurgence of demand from advanced economies, India had shipped out textiles, garments and allied products worth almost $40 billion in FY22, up 67% from a year before (albeit aided by a lower base).

Soaring cotton prices: Textile exporters left high and dry

Prices of the commonly used cotton variety have more than doubled to breach the Rs 90,000-mark per candy of 356…

April 11, 2022 06:00 IST

The total production during crop year 2020-21, stood at 353 lakh bales, the CAI said in a statement.

CAI lowers cotton crop estimate to 335.13 lakh bales for 2021-22 season

For Gujarat, the CAI lowered the production estimate to 88.99 lakh bales for the 2021-22 season, Telangana to 39.91 lakh…

April 9, 2022 19:24 IST

Gujarat’s spinning units fear weakening of global yarn demand

Over the past six months, over 600 spinning units across Gujarat have been facing challenges of continuous increase in cotton…

March 3, 2022 06:20 IST

Relentless rise in cotton prices a hurdle to textile exports revival

In fact, an up to 80% spurt in cotton prices in the past one year has pressured margins of textile…

February 24, 2022 02:45 IST

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