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Cotton price estimated to remain around Rs 4,800 per quintal at harvest

Related Keywords: Acharya NG Ranga Agricutural University, assuming normal area, Cotton Association of India, cotton mills and ginners, harvest time, higher estimates of consumption, Kapas prices, lower than expected arrivals of crop, purchasing cotton, remained firm, tight supply

Kapas prices have remained firm in the range of Rs.5, 900 -6000 per quintal, over the past few weeks due to lower than expected arrivals of crop and higher estimates of consumption. So far about 208-210 lakh bales or about 61 percent of the total crop has arrived, according to trade sources.

For the next few weeks cotton prices will continue to remain firm with higher estimates of consumption and tight supply at harvest time,

Textile mills in Telangana run out of cotton

Related Keywords: CCI, forced to get cotton, from distant places, incurring additional transportation, Kapas prices, other costs, running out of cotton stock, Textile mills in Telangana, TSTMA

Textile mills in Telangana are running out of cotton stock. The raw material stocks at many of the 32 mills are barely enough for ten days, said Sushil Sancheti, treasurer of Telangana Spinning & Textile Mills Association (TSTMA).

The association president R.K.Agarwal said that making them sound the alarm bells is not as much the inventory as the limited stocks put up for sale by CCI. There is a huge mismatch between the requirement of mills all over India and the supply offered by CCI.

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