Market Ticker

Translate

Friday, March 26, 2010

Century Textiles to raise yarn prices on surge in cotton

Diversified Century Textiles and Industries is planning to raise prices of cotton yarn to offset high input costs, a senior official said on Friday.

"We will have to increase prices. We are trying to see how much market can absorb," Senior President R K Dalmia told .

He did not specify the quantum of the planned increase or a time frame for the hike.

"The industry is increasing the prices to absorb the higher cotton price," he said.

Current cotton prices are higher by up to 54 percent over same period last year in almost all the varieties, government data showed.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 30
14:00 M4 Money Supply (YoY) 1 3.5% 3.2%
14:00 Mortgage Approvals 1 63.032K 59.750K 60.656K Revised from 60.463K
14:00 Consumer Credit 1 £0.859B £1.100B £1.944B Revised from £1.580B
14:00 Net Lending to Individuals (MoM) 1 £2.91B £4.10B £1.17B Revised from £0.82B
19:15 Chicago PMI 2 40.4 43.0 40.5
19:30 Fed's Bostic speech 2
20:00 Dallas Fed Manufacturing Business Index 1 -15.3
21:00 3-Month Bill Auction 1 4.195%
21:00 6-Month Bill Auction 1 4.12%
21:30 Grain Stock Report 1
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener