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Avoid Panic Buying of Cotton – SIMA

The Southern India Mills' Association (SIMA) has urged the mills to avoid panic buying of cotton as its price is currently ruling around Rs 43,500 to Rs 44,000 resulting in an increase of Rs 5,000 to Rs 6,000. The price was around Rs. 38,000 to Rs. 39,000 per candy of 355 kg during the beginning of the season for the benchmarked variety of Shankar 6. The cotton price that was…
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Apparel and Textile News

Cotton Conference By ICF In Coimbatore

The Indian Cotton Federation ( ICF ) is organizing a conference on “Indian Cotton Scenario in the Current Context 2016-2017” at Coimbatore on August 19 as the cotton sector needs a comprehensive study on challenges, requirements and scope to increase production. About 400 people, including cotton ginners, traders, textile industry representatives, and brokers are expected to participate in the two-day conference. They will deliberate on cotton area, demand, supply and…
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Apparel and Textile News

India To Launch Its Own Cotton Price Index

India, to curb speculations across various markets and bring about further transparency in the price discovery mechanism, is planning to launch a cotton price index of its own for which it will be taking into account benchmark rates from four different sources. A sub-committee of Cotton Advisory Board (CAB) has suggested that the index be made up of prices of cotton on the Multi-Commodity Exchange of India (MCX) and those…
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Apparel and Textile News

Cotton Output At 365 Lakh Bales Forecast By CAB

The Cotton Advisory Board (CAB), at its first meeting for the cotton season 2015-16, has forecast production at 365 million bales of 170 kg each. The meeting held under the chairmanship of textile commissioner Kavita Gupta deliberated the cotton scenario in the country and also discussed state-wise area, production, import, export and consumption of cotton. According to the provisional balance sheet drawn by CAB, imports for the current season are…
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Apparel and Textile News

CCI Offloads Cotton Stock Under MSP

The Cotton Corporation of India (CCI) which procured million bales (1 bale = 170 kgs) of cotton since October 2014, has started offloading the stock in both domestic and international markets through daily and weekly tenders. CCI has sold nearly half of the cotton stock it procured in the crop year 2014-15 under the minimum support price (MSP) operation. In a rare move, CCI also entered the Bangladesh market after…
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Apparel and Textile News

CCI To Export Cotton To Bangladesh

The Cotton Corporation of India (CCI) has finally decided to come out with global tender for export of cotton to Bangladesh. CCI chose Bangladesh as the logistics are better and easier to manage either by the sea or roadways. China, the world’s biggest buyer, is importing less of the fibre from this year which has affected Indian export. China has been the largest importer of Indian cotton over the last…
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