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Textile mills turning to cotton imports due to increasing adulteration

Related Keywords: buying cotton from Gujarat, cotton farmers of Punjab, forced to import cotton, Ginners mixing lower quality cotton, increasing adulteration, NITMA, reduce losses, rise in cotton price, Saurashtra Ginners Association, SIMA, Textile mills and traders in north and south India, with higher quality cotton

Textile mills and traders in north and south India buying cotton from Gujarat forced to import cotton over the increasing adulteration, the usual rate of adulteration of 10-15 percent has climbed to 40 per cent this year. Increase in cotton adulteration is also seen in Maharashtra.

According to Arvind Pan, vice-president of the Saurashtra Ginners’ Association (SGA), ginners are losing Rs 500-700 per bale of raw cotton. Many ginners are mixing lower quality cotton with higher quality cotton to reduce their losses. Yet their returns are not good.

Cotton ginner face tough time with falling prices and shrinking profit margins

Related Keywords: Cotton Association of India, Cotton Ginners, Cotton ginning industry, cotton seed, face tough time, falling cotton prices, low export demand, major buyers like China, raw cotton, realization from processed cotton, Saurashtra Ginners Association, shrinking profit margin

Cotton ginners are in a fix as export demand is less as major buyers like China have not turned up this time. This is hurting realization from processed cotton, thereby reducing profit margins for ginners, said Arvind Patel, Vice-President of Saurashtra Ginners’ Association (SGA), one of the largest clusters of the cotton ginning industry in the country.

Cotton prices drop by 7.5pc in last 4 days due to poor demand from yarn mills

Related Keywords: cotton arrival season, cotton price, cotton trading, India cotton industry, liquidity crunch, new arrival of cotton, poor demand, Saurashtra Ginners Association, SIMA, spinning industry, yarn mills

Cotton, which was quoted at Rs 40,000 per candy last Thursday, was trading at Rs 37,000 per candy (a candy of 356 kg) on Tuesday, registering Rs 3,000 drop in price, a decline by 7.5 percent per candy over the last four days owing to poor demand from yarn mills and following new arrivals of the crop in state like Punjab.

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