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Related Keywords: around Rs 400 per quintal, China, cotton shipments, demand for cotton, domestic as well as international market, gone up considerably, High demand for cotton, last one week, Pakistan, pushing price of cotton, Saurashtra hub of cotton farming, Shankar-6 variety, soared happiness of cotton farmers, Vietnam and Indonesia, widely grown in Gujarat

High demand for cotton in the domestic as well as international market has soared the happiness of cotton farmers of Saurashtra,the hub of cotton farming. Demand for cotton in Pakistan, China, Vietnam and Indonesia has gone up considerably, pushing the price of cotton by around Rs 400 per quintal in the last one week.

Against the MSP plus bonus price of Rs 954, cotton farmers are now getting Rs 1,100 per cotton bale in the market yards with commitments of around four lakh bales being placed.

Related Keywords: cotton export, cotton prices, cotton production, dull deman, ICF, new cotton arrival, reduced imports from China, Shankar-6 variety, SIMA, staple cotton, zero forward deals

Almost zero forward deals with exporters seen this season as China reduced its imports from India, record-high acreage as well as cotton production, along with dull demand from mills has resulted in fall in cotton prices and it will be the lowest in last one year.

Cotton prices have fallen to the lowest levels in the current cotton year (October 2013-September 2014), at Rs 33,000-34,000 a candy (356 kg). Demand for cotton in terms of exports will also be low.

Related Keywords: African suppliers, CITI, cotton import, domestic market, high price, Indian mills, Shankar-6 variety, Texprocil, transport cost

Cotton import is likely to double at 1.5 million bales (a bale is 170 kg) in the current cotton year (October 2013-September 2014), as compared to 0.7 million bales the previous year, due to the higher prices in the domestic market than abroad, according to the Confederation of Indian Textile Industry (CITI).
 
The benchmark Shankar-6 variety is trading at Rs 11,642 a quintal, in comparison with the landed cost in southern ports at Rs 11,000 a quintal.