The price of Shankar-6 was ₹41,073.08 per candy in December 2020, which rose considerably by 9.71 per cent to reach ₹45,062.96 per candy in Q1 2021. It again shot up by 8.76 per cent to ₹49,012.50 per candy in June 2021 over the price in March 2021, according to Fibre2Fashion’s market analysis tool TexPro.
According to industry experts, spinning mills are receiving better margins owing to a robust demand for cotton yarn. Exporters are also receiving higher orders from Bangladesh for cotton yarn. Due to the increase in demand for cotton yarn in domestic and overseas markets, spinners are ready to purchase cotton at higher prices.
ALCHEMPro News Desk (KD)
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