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Textile manufacturer’s face double trouble with cotton, dye price rise

The textile industry is currently facing double trouble with prices of both cotton and dyes, and chemicals have increased substantially in the last few days. The increase in prices of these key raw materials has pushed up the input cost of textile mills and processors.

Cotton prices have increased by 20 per cent whereas the cost of reactive dyes has almost doubled. The price of Shankar-6 variety of cotton has currently settled at Rs 47,500 per candy (one candy is 356kg) after touching a six-year high of Rs 48,500 per candy. The carry-over stock for 2018-19 is low both domestically and internationally. The price could firm up further if the US-China trade war continues. Based on the current scenario, the cotton prices may remain 15-17 per cent higher in 2018-19.

Higher imports of dyes raw materials by China from India has resulted in dyes prices in the domestic market surging by 30 per cent in the last two month. The price of caustic dye has also increased by 40 per cent and even coal prices have increased by 60 per cent

 

 
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