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 (20/Feb 10:36 AM)

AGD (BB/29M) 41,700 400 0.97 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 42,100 -100 -0.24 %
Yarn: Punjab (24/Jan 06:39 PM)

Ludhiana(20S Comb(Wrap)) 178 0 0.00 %
Future Prices (20/Feb 10:22 AM)
ICE Cotton No.2 (USC/LB)
Mar 31, 2019  71  0 -0.42 %
May 31, 2019  72  0 -0.25 %
Jul 31, 2019  74  0 -0.28 %
ZCE (Yuan/Ton)
Mar 31, 2019  14,700  50 0.34 %
May 31, 2019  15,380  70 0.46 %
Jul 31, 2019  15,515  55 0.36 %
Exchange Rates (19/Feb 10:23 AM)
1 US $ = Rs 71.34
0.00 0.00%
1 UK £ = Rs 92.18
-0.03 -0.03%
1 Eur € = Rs 80.67
-0.15 -0.19%
100 ¥en = Rs 64.50
-0.04 -0.06%
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