Related Keywords: 00, 000 bales of cotton to China as prices, 8, competitiveness of Indian products in the international market, cotton output, cotton prices, cotton procurement by Cotton Corporation of India, cotton-growing states and lower acreage in some of the southern states, double whammy for textile exporters, fabric and apparel exports less competitive, higher cotton prices and the rupee movement are reducing international competitiveness of Indian value-added textile products, Higher prices will add cost pressure on the value chain, making yarn, Prices in the cotton futures market, stronger rupee will shrink the revenues of exporters by lowering price realisation
Cotton prices have started rising at a time when the rupee is appreciating. It is a double whammy for textile exporters as it will impact the competitiveness of Indian products in the international market and hit price realisation in rupee terms.
Prices in the cotton futures market has moved up 7 per cent from the low of Rs 19,970 per bale (one bale is 170 kg) in February to Rs 21,360 in March on reports of improving demand from China and domestic mills.
