India: Cotton, yarn prices jump by up to 52 pc in 2010-11
Prices of cotton and yarn have risen by up to 52 per cent in the current financial year, Parliament was informed today.
Egytex News Desk
Source: www.yarnsandfibers.com
Prices of cotton variety, LRA-5166 rose by almost 52 per cent to Rs 114.11 per kg in 2010-11 (till January) against Rs 75.18 per kg in 2009-10, Minister of State for Textiles Panabaaka Lakshmi told the Rajya Sabha in a written reply.
Similarly, prices of cotton variety DCH-32 rose by 28 per cent to Rs 150.23 per kg 2010-11 (till January) against Rs 117.40 per kg in 2009-10.
Prices of yarn also showed an upward trend with rate of Cone (count 30s) rising by 30 per cent to Rs 167 per kg in 2010-11 (till January) as against Rs 128 per kg in 2009-10.
Likewise, prices of Hank yarn (count 40s) rose by 44 per cent to Rs 210 per kg in 2010-11 (till January) as against Rs 146 per kg in 2009-10.
However, Lakshmi replied in negative on a question whether high prices were a fallout of low production.
"The production of raw cotton has increased from 290 lakh bales in season 2008-09 to 295 lakh bales in 2009-10 and is estimated to grow to 329 lakh bales in 2010-11," the minister said.
The production of cotton yarn has shown an increase of 12.6 per cent in 2010-11 (April-December) as compared to 2009-10 (April-December), Lakshmi added.
Source: www.yarnsandfibers.com
From the Egytex news archive, first published on 27 February 2011. Figures and names are as reported at the time.
