COTTON CANDY
Food Safety: Karnataka govt imposes 10 lakh fine on usage of artificial colours in some food items
Karnataka has banned the use of artificial colors in food items, including kebabs, chicken, fish, and vegetarian dishes, after tests revealed harmful levels of sunset yellow and carmoisine. Violations of this ban can lead to severe penalties, including imprisonment and hefty fines. This action follows earlier bans on other harmful colors, with Health Minister Dinesh Gundurao highlighting the commitment to food safety and public health through stringent enforcement measures.
Singapore Cherries: A surprising delight in quick-growing trees
The fast-growing Singapore cherry tree surprises with its delicious small cherry-like fruits, offering quick green cover and shade. Valued for its sweetness, it provides environmental benefits and cultural significance, ideal for combating tree loss in urban areas.
Karnataka bans artificial colours in Gobi Manchurian, Cotton Candy
The Karnataka government has banned the use of artificial colours in foods like Gobi Machurian and cotton candy due to health concerns over poor quality. The move follows similar bans imposed by Goa, Tamil Nadu, and Puducherry last month. Health minister Dinesh Gundu Rao cited the artificial colours as harmful and warned of serious consequences. Violations could result in imprisonment for up to seven years and a fine of up to Rs 10 lakh.
Unravelling cotton candy's sweet origins: Exploring the 120-year journey of the pink fluff
Around 1897, inventor William Morrison and a confectioner created a machine to make fine-spun sugar.
Cotton candy banned in Puducherry. Here's the reason why
Cotton candy containing Rhodamine-B can cause various health problems, including nausea, vomiting, diarrhea, cancer, cardiovascular disease, kidney disease, liver dysfunction, hormonal imbalance, premature birth, decreased immunity, nervous system development disorders, mental health problems, and learning disabilities/cognitive dysfunction.
Home textile industry to see 7-9% rise in revenues this fiscal: Report
The home textile industry is expected to see a 7-9% increase in revenues this fiscal year, following a decline of 15% in the previous year. The sector is benefiting from lower domestic cotton prices and restocking by big-box retailers in major overseas markets. The report by Crisil Ratings predicts that operating profitability will improve due to lower raw material costs, but it will still be below pre-pandemic levels. The industry's stable credit outlook is also attributed to improved operating performance. The US is the biggest market for the industry, accounting for more than half of its exports.
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India's cotton exports crash to 19-year low, production and yield plummets
India’s cotton production is at a historic low. Not just cotton yield, but the country’s cotton exports are also facing unprecedented pressure amidst a highly volatile global market.
Cotton prices take a knock as farmers offload stocks
The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May.
China’s grip on the textile market is slipping. Can India pocket a sizeable chunk of $1-trillion global trade?
The government has set a target of $100 billion in textile exports by 2030. But in the midst of global factors that threaten economic revival, how can textile exporters up their game to garner a larger chunk of the global exports pie?
US ban on China cotton hurting India's yarn spinning industry
The Chinese yarn that can't go to the US is now finding its way into the Indian market at cheaper rates, further reducing demand for expensive domestic Indian cotton yarn that has already been down. Indian cotton has been one of the cheapest in the world till September 2021, when Indian as well as global cotton prices started rising.
India's cotton production to increase by 15% in 2022-23
Government agency Cotton Corporation of India (CCI), which carries out cotton procurement operations when prices fall below the minimum support price (MSP), has pegged India's 2022-23 cotton production higher by 15% to 360 lakh bales of 170 kilograms each.
Swan Energy’s textile division expands Ahmedabad plant capacity to 3 million metres per month
Talking to ET, Vivek Merchant, general manager, Swan Energy said “Recently, we have been presenting our fabric range to renowned brands, retail, ready made garment manufacturers, exporters, buying houses, large traders. We are working in collaboration with the large textile corporates to explore the possibilities growing commercially.”
FinMin extends duty exemption on raw cotton imports till October 31
In a notification dated July 4, the ministry extended this till October 31, 2022.
Slowing exports, rising cost to crimp profitability of home textile firms: Crisil
"This will remain a challenge for exporters till the new cotton crop arrives starting October. Supply-chain disruptions leading to volatility in ocean freight rates will also impact proMohit Makhijafitability. With domestic cotton prices soaring past international levels, exports have become less competitive. Consequently, India’s share in the US import basket moderated 700 bps in the four months ended April 2022, on-year," said Crisi
Cotton price hike will significantly decrease margins, put pressure on working capital for small-sized spinners
Ind-Ra says cotton prices started moving upwards post-pandemic, not only domestically but also globally on account of the US ban on the use of Xinjiang region cotton followed by a low crop yield in India.
Why are cotton prices skyrocketing?
Prices of cotton and yarn are at their highest in 11 years causing panic among garment makers and exporters across India.
Small-sized spinning mills to stop buying cotton
Cotton prices have increased by more than 120% in a year to Rs 1.10 lakh per candy. Spinning mills with annual turnover of less than ₹50 crore are finding it tough to buy cotton at the current prices.
No consensus yet among cotton, textiles players on high prices
The cotton traders say spinning mills should reduce yarn prices. For this to happen, millers say cotton prices have to drop, leading to a deadlock. Millers also say exporters are getting good orders and should be able to absorb higher prices, an argument rejected by garment manufacturers.
Cotton imports: Textiles ministry wants more relief
The government has already done away with 11% import duty on cotton till Sept 30, but another flexibility for imports is being considered, as per which inbound shipment will be permitted duty-free if the bill of lading is issued up to Sept 30 this year and not based on the bill of entry at Indian ports.
Goyal tells stakeholders to resolve cotton price issue
The minister called upon the spinning and trading community to ensure hassle-free supply of cotton and yarn first to the domestic industry and appealed to divert only surplus cotton and yarn for exports.
Cotton council on cards to boost fibre's productivity
The decision was taken at a meeting of textile minister Piyush Goyal with stakeholders including cotton farmers, spinners and traders on Tuesday wherein issues such as flexibility in the imports of cotton, export incentives and allocating more yarn for the domestic market were discussed, said an official who attended the meeting.
Readymade garment exporters want India to ban cotton exports
Some foreign buyers have sought up to a 30% discount if goods are delayed over 15 days in time or asked for air transport at their own cost, which would wipe out profits for sellers, industry sources told ET. The industry wants a ban on cotton exports from India to check the rising prices. India had on Friday banned wheat exports following a sharp rally in local prices.
Removal of import duty on cotton is a 'late' relief; now stop free flow of raw materials to China, Bangladesh, say stakeholders
Had the duty been abolished at least a few months ago, several export orders could have been saved, claim traders.
Import duty removal on cotton may help bring down prices: Textile Secy
Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC). The industry has been demanding a waiver of duty to lower domestic prices.
NAEC seeks govt intervention in containing high cost of cotton yarn, fabrics to boost exports
"Apparel industry is facing a severe problem of high cost of cotton yarn and fabrics. During the last couple of months the cotton prices have been hiked up to 80 per cent. The prices of the cotton per candy of 335 kg went to Rs 74,000 from Rs 37,000. In apparel making, 75 per cent of raw material used is cotton," NAEC president Lalit Thukral said.
Textile industry seeks PM's intervention to stabilise cotton prices
T Rajkumar, chairman, CITI in a representation to PM said that Indian cotton textile Industry has always been at the helm of affairs due to its inherent strength of availability of raw cotton in abundance at competitive prices and the presence of the entire cotton value chain.
Depleting stocks coupled with strong demand from mills keeps cotton prices bullish
State agency Cotton Corporation of India (CCI) increased cotton prices by Rs 100/candy on Tuesday and again by same amount on Wednesday. In all, it has increased the cotton prices by Rs 2500/candy since June 15.
AEPC urges mill owners to cut yarn prices by Rs 20
The Apparel Export Promotion Council (AEPC) on Wednesday urged cotton mill owners to cut yarn prices by Rs 20 per kg to support the growth of the sector as rising rates impact cost competitiveness.
Indian cotton prices increase 5% in a month; trade expects upward trend to continue
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.
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