Union Minister of Textiles, Commerce & Industry and Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal presided over the sixth interactive meeting with the Textile Advisory Group (TAG), on 22nd April, 2023, to review the progr
Driven by record high prices amid a global shortage last year, New Delhi’s cotton import bill surged 200% to surpass the $1bn mark in the 10 months to January
Mumbai (Maharashtra) [India], December 17 (ANI/PNN): The Cotton Textiles Export Promotion Council - Texprocil and the Cotton Corporation of India - CCI today signed an MoU for branding and traceability of Indian-grown Kasturi Cotton during the two-day Textile Conclave coinciding with the event Kashi Tamil Samagam at Deen Dayal Hast Kala Sankul, Badalalpur, Varanasi, UP on December 15, 2022. Speaking on the milestone, the Chairman of Texprocil, Sunil Patwari thanked the Union Minister for Textiles, Commerce and Industry, Consumer Affairs, Food and Public Distribution, Piyush Goyal for entrusting Texprocil with the responsibility of being the implementing agency for branding the premium Indian cotton Kasturi. Patwari said that despite a very strong presence in the world market for cotton, India has been unable to brand its cotton varieties so far unlike USA - PIMA Cotton and Egypt - GIZA Cotton. The Chairman mentioned that the Union Minister, Piyush Goyal and the Ministry of Textiles hav
New Delhi [India], July 28 (ANI/PNN): An interactive meeting with stakeholders of the Cotton Textile Value Chain was held on July 23, 2022, at Vanijya Bhawan, New Delhi, with representatives from the entire cotton value chain industry, along with Narendra Singh Tomar - Minister of Agriculture and Farmers Welfare, Piyush Goyal - Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Darshana V Jardosh - Minister of State for Textiles and representatives from the Ministry of Textiles and Agriculture.
Synopsis
Traders, millers and brokers are upbeat that the rising trend in cotton prices will sustain in 2021-22 owing to projections of lower sowing in major cotton growing countries such as the United States, Brazil and India.
Prices of Indian cotton have increased 5% in the past one month, following the bullish trend in international prices. However, cotton exports are strong as Indian cotton is cheaper than the overseas varieties.
Traders, millers and brokers are upbeat that the rising trend in cotton prices will sustain in 2021-22 owing to projections of lower sowing in major cotton growing countries such as the United States, Brazil and India.