Rising cotton price worries yarn makers

Related Keywords: China imports, China was importing cotton, cotton, higher cotton prices, main consumer of cotton, raw material, Shankar 6, South India Spinners’ Association, Textile Industry, Textile mills, textile value chain, yarn prices

Coimbatore
Summary: 
According to industry sources cotton stocks with small and medium-scale mills would be low. Internationally, China was said to be importing large quantities. Those who were buying for daily needs might be affected.

According to industry sources cotton stocks with small and medium-scale mills would be low. Internationally, China was said to be importing large quantities. Those who were buying for daily needs might be affected.

The mills that had covered cotton at the beginning of the season would benefit now. The mills fear that as the season comes to an end, the prices might go up further. Since cotton is the main raw material, the entire textile value chain will be affected.

http://www.thehindu.com/todays-paper/tp-business/cotton-price-rise-has-textile-sector-worried/article24125939.ece
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Union Textile Minister proposes on how to make good quality Indian cotton a global brand

Related Keywords: domestic cotton industry, good quality cotton, Merchants Chamber of Commerce and Industry, Shankar 6, Suvin cotton, Textile Industry, Textile Ministry, Union Textile Minister

Kolkata
Summary: 
According to Sanjay K Jain, Chairman of Confederation of Indian Textile Industry and board member, Cotton Association of India, the matter is currently under deliberation. “The Suvin cotton produced in Tamil Nadu and Shankar 6 produced in Gujarat are both good quality cotton and can be projected as a global brand. The matter is in the deliberation stage,” he told at the session.

According to Sanjay K Jain, Chairman of Confederation of Indian Textile Industry and board member, Cotton Association of India, the matter is currently under deliberation. “The Suvin cotton produced in Tamil Nadu and Shankar 6 produced in Gujarat are both good quality cotton and can be projected as a global brand. The matter is in the deliberation stage,” he told at the session.

The proposal, once ready, would be placed before the Textile Ministry as well as the Commerce Ministry, Jain said. He however was unable to give a timeline for the same.

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