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SIMA gives importance to price stabilisation fund

Related Keywords: cotton corporation of India, Cotton productivity, cotton traders, fibre, Indian cotton, Price Stabilisation Fund, price volatility, Southern India Mills’ Association

The price volatility often eroded the working capital and profit margins of the industry, restricting the industry growth rate between 6 and 8 per cent againsr the potential growth rate of 12 to 16 per cent.P Nataraj, Chairman, SIMA said that, “Cotton productivity has stagnated at 500-550 kg per hectare against over 1,500 kg/hec achieved by over 20 countries. Australia for instance, has achieved productivity of 2,200 kg/hec.

Trading activity at cotton market remain firm

Related Keywords: cotton bales, cotton market on Tuesday, cotton traders, official spot rate stayed unchanged, seed cotton prices rise, Sluggish business, textile sector, Trade enchancement package, trading activity remain firm

In the process of sluggish business, trading activity remain firm at cotton market on Tuesday, dealers said. The official spot rate also stayed unchanged at Rs 6500.

In Sindh, seed cotton prices were at Rs 3100-3450, while in Punjab, phutti rates were at Rs 3100 and Rs 3650, as per 40 kg. In the ready session, over 3,000 bales of cotton changed hands between Rs 6400 and Rs 6750.

According to expers, cotton traders welcomed issuance of the SRO and hoping for better outcome of incentives given to revive the textile sector.

Prices improve modestly as needy mills took interest in fresh buying

Related Keywords: arrival of imported cotton, cotton bales, cotton traders, major buyers expected decline in rates, needy mills took interest in fresh buying, official spot rate, Pakistan cotton market, prices improved modestly, recovered overnight loss, with improvement in volume of business

At cotton market as some needy mills took interest in fresh buying, with improvement in volume of business, prices also improved modestly on Saturday, dealers said. According to the market sources, mills and spinners showed their interest in fresh buying to meet requirements.

The official spot rate recovered overnight loss by Rs 50 to Rs 5,550, dealers said.

In ready session, around 5000 bales of cotton changed hands between Rs 5500 and Rs 5750.

Punjab millers, farmers upset over not getting textile hub

Related Keywords: 5Fs formula, cotton textile industry, cotton traders, fabric to fashion, farm to fibre, Hussainiwala border, Punjab cotton ginners, revive cotton exports, Textile Park, textiles in Malwa region, traders and farmers

Punjab cotton ginners, traders and farmers upset over not getting big-ticket investment and technology upgradation for textiles in Malwa region. As Narendra Modi , while addressing a Lok Sabha election rally on April 25, 2014 had promised to take care of farmers of Malwa and cotton traders. He had suggested the '5Fs' formula - farm to fibre to fabric to fashion and fashion to foreign - to revive cotton exports if NDA was voted to power.

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