Cotton

SISPA Urges CCI to Prioritize Cotton Sales To MSME Mills

June 28, 2024

The South India Spinners Association (SISPA) has called for immediate action from the Cotton Corporation of India (CCI) to prioritize cotton sales to Micro, Small, and Medium Enterprise (MSME) spinning mills beginning July 1. SISPA has urged that the current cotton sales policy from CCI be

Cotton

‘Cotton This Month’ Reports Significant Surge In Prices

Textile Insights March 11, 2024

The latest ‘Cotton This Month’ report has reported a significant surge in the price of cotton, transcending initial market projections. “This unexpected increase can be attributed primarily to a wave of speculative buying on the futures market,” the report averred. The actions of speculative buyers have significantly increased the demand for futures contracts, ultimately

Industry

Indian Textile Industry: Perspectives From 2023 And Hopes For 2024

January 10, 2024

The Indian Textile industry witnessed major challenges in 2023 due to fluctuating cotton prices, diminishing demand, capacity under-utilization and dumping of imported fabrics and garments from China and Bangladesh. Gurudas Aras takes an overview of the industry scenario in 2023 and what needs to be done to pull the industry out of the quagmire in […]

Cotton

Year-End Cotton Prices Rise, But Hurdles Remain In 2024

January 10, 2024

The New Year is threatening to open a door to higher prices for cotton. The final week of the year saw higher prices each day – a very unusual trading pattern, and “unusual” can typically be associated with bullish news.   The daily price increases were small but nevertheless higher each day. However, small is […]

Export

Revitalizing Indian Textile Exports With Government Initiatives

December 12, 2023

Indian textile small and medium enterprises (SMEs) capitalize on the nation’s rich pool of raw materials and abundant resources. While globalization has opened up new international avenues, persistent challenges have hindered growth. India faces formidable competition from countries like Bangladesh and Vietnam, which benefit from lower labour costs and expansive

Home Textiles

Home Textiles Makers’ Revenue And Profitability To Rebound This Fiscal

September 19, 2023

Improved operating performance to keep credit outlook stable despite moderate capex Revenue of the home textile industry is set to rise 7-9% this fiscal after a ~15% fall last fiscal, as India regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major markets abroad. The industry’s operating profitability […]

Special Report

Spinning Sector Looks For Relief, May Witness Gradual Revival In H2FY24

August 11, 2023

Having suffered multiple challenges in the last few quarters, the worst seems to be almost over for the domestic cotton spinning sector. While the industry players are cautiously agreeing to this fact, rating agencies like CareEdge Ratings and ICRA believe that the industry is likely to commence its northward journey during the second half of […]

Cotton

China’s Cotton Imports Fall To 5-Year Low In 2022-23

August 11, 2023

China’s cotton imports fell to their lowest level in five years, amounting to 6.4 million bales during the period of August 2022 to July 2023, which is less than half the volume witnessed two years earlier. Several factors have contributed to this decline in demand, including record-high domestic production in nine years, lower domestic prices […]