ZFU urges the goverment to pay in USD

Related Keywords: cotton, Dollar, farmers, government, market currency, RTGS, USD, ZFU, Zimbabwe, Zimbabwe Farmers Union

Zimbabwe
ZFU urges the goverment to pay in USD
Summary: 
The Zimbabwe Farmers Union (ZFU) is appealing to the government to peg cotton prices in United States dollars in order to cushion farmers against the reduction in RTGS dollar value. Cotton prices have remained unchanged since the start of the selling season in May. ZFU president, Paul Zakariya said cotton should be pegged

The Zimbabwe Farmers Union (ZFU) is appealing to the government to peg cotton prices in United States dollars in order to cushion farmers against the reduction in RTGS dollar value.

Cotton prices have remained unchanged since the start of the selling season in May.

ZFU president, Paul Zakariya said cotton should be pegged in US dollars so that farmers are paid at the prevailing interbank market rate since RTGS$1.95/kg has become unsustainable.

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INTIMASIA to assemble top brands at Delhi

Related Keywords: activewear, Bodycare, Clovia, Dollar, fashion capital, Groversons Paris Beauty, Handkerchiefs, hosiery products, innerwear segment, intimate apparel sector, intimate wear products, kids innerwear, leggings, Libertina, lingerie, loungewear, Lyra, men’s innerwear, multi-branded outlets, Pepe Innerwear, Pretty Secrets, shapewear, sleepwear, Socks & Stockings, Sweet Dreams, swimwear, thermals, Triumph, Zivame

Mumbai
Summary: 
The innerwear segment has grown manifolds in India, but is yet to realise its full potential. During the last few decades, the organised inner wear sector has risen exceptionally. The men’s inner wear is currently worth Rs 9477 crore as per 2017 estimates, and is expected to grow at a CAGR of 7 per cent in the next decade to reach Rs 17454 crore by 2027. While, the women’s inner is valued at Rs 18454, and is expected to touch a whopping figure of Rs 56364 crore by 2027, if it continues to grow at an fabulous rate of 12 per cent CAGR over the next decade.

The innerwear segment has grown manifolds in India, but is yet to realise its full potential. During the last few decades, the organised inner wear sector has risen exceptionally. The men’s inner wear is currently worth Rs 9477 crore as per 2017 estimates, and is expected to grow at a CAGR of 7 per cent in the next decade to reach Rs 17454 crore by 2027. While, the women’s inner is valued at Rs 18454, and is expected to touch a whopping figure of Rs 56364 crore by 2027, if it continues to grow at an fabulous rate of 12 per cent CAGR over the next decade.

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Rise in cotton price due to increase in demand and lessen arrivals

Related Keywords: cotton, Depreciation, Dollar, Mills, Rajkot, Rupee, Textile

Rajkot
Rise in cotton price
Summary: 
The cotton prices last month saw a rise, by Rs 2,500 a candy (356 kg) due to the soaring demand from mills and exports. At the same time, restricted selling by farmers was seen as one of the reasons for inflation in cotton prices. According to industry sources, prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.

The cotton prices last month saw a rise, by Rs 2,500 a candy (356 kg) due to the soaring demand from mills and exports. At the same time, restricted selling by farmers was seen as one of the reasons for inflation in cotton prices. According to industry sources, prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.

As per Arun Dalal of Arun Kumar & Co, a leading cotton trader from Ahmedabad, due to improved export, there has been a heavy rise in demand from domestic mills. To create stock, domestic yarn mills also bought cotton in large quantities during December.

http://www.business-standard.com/article/markets/cotton-price-surge-on-demand-from-millers-and-exporters-114010100637_1.html
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