Interview

ACCORDING TO MUKESH TAYEGI JI GOVERNMENT SHOULD ALLOW DUTY FREE IMPORT AND EXPORT OF RAW COTTON

By ICC TEAM - Aug 19, 2017 12:00 AM

MUKESH TAYEGI VICE PRESIDENT OF NITMA


ACCORDING TO MUKESHTAYEGI JI GOVERNMENT SHOULD ALLOW DUTY FREE IMPORT AND EXPORT OF RAW COTTON WHICHIS CURRENTLY IN POLICY AND SHOULD BE CONTINUED, TO HAVE GOOD TRADE IN UPCOMINGDAYS.

AS PER HIS VIEWPRICES FOR QUALITY COTTON TO RALLY FROM 42000/- TO 42500/- PER CANDY AND LOWGRADE COTTON PRICES TO BE QUOTED AT 40000/- TO 41000/- PER CANDY AS PERCONDITION.

HE ALSO STATED THATNEW CROP FOR 2017-2018 IS EXPECTED ON TIME, IF IT IS DELAYED BY 10-15 DAYS ITWILL NOT AFFECT INDUSTRY MUCH AS MILL CONSUMPTION HAS BEEN LOWERED FOR LAST 1TO 1 ½ MONTH AFTER GST IMPLEMENTATION INSPITE OF DELAY ALSO INDIA WILL HAVESURPLUS COTTON TO SUSTAIN.

VIEW ON DOLLAR: IT ISTO RALLY FROM 63 TO 64 LEVELS.

Comments
Spot Prices
Cotton: Maharashtra (22/Jan 10:43 AM)

AGD (BB/29M) 42,800 100 0.23 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 43,700 200 0.46 %
Yarn: Punjab (13/Jan 08:29 PM)

Ludhiana(20S Comb(Wrap)) 215 0 0.00 %
Future Prices (22/Jan 10:41 AM)
ICE Cotton No.2 (USC/LB)
Mar 01, 2021  83  0 0.07 %
May 31, 2021  83  0 0.14 %
Jul 31, 2021  84  0 0.24 %
ZCE (Yuan/Ton)
Jan 31, 2021  15,180  10 0.07 %
Mar 31, 2021  15,250  15 0.10 %
May 31, 2021  15,285  25 0.16 %
Exchange Rates (22/Jan 10:42 AM)
1 US $ = Rs 73.01
0.05 0.07%
1 UK £ = Rs 100.08
0.26 0.26%
1 Eur € = Rs 88.86
0.38 0.43%
100 ¥en = Rs 70.50
-0.08 -0.11%
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