Cotton, yarn prices jump by up to 52 pc in 2010-11

New Delhi, Feb 24 (PTI) Prices of cotton and yarn have risen by up to 52 per cent in the current financial year, Parliament was informed today.

Prices of cotton variety, LRA-5166 rose by almost 52 per cent to Rs 114.11 per kg in 2010-11 (till January) against Rs 75.18 per kg in 2009-10, Minister of State for Textiles Panabaaka Lakshmi told the Rajya Sabha in a written reply.

Similarly, prices of cotton variety DCH-32 rose by 28 per cent to Rs 150.23 per kg 2010-11 (till January) against Rs 117.40 per kg in 2009-10.

Prices of yarn also showed an upward trend with rate of Cone (count 30s) rising by 30 per cent to Rs 167 per kg in 2010-11 (till January) as against Rs 128 per kg in 2009-10.

Likewise, prices of Hank yarn (count 40s) rose by 44 per cent to Rs 210 per kg in 2010-11 (till January) as against Rs 146 per kg in 2009-10.

However, Lakshmi replied in negative on a question whether high prices were a fallout of low production.

"The production of raw cotton has increased from 290 lakh bales in season 2008-09 to 295 lakh bales in 2009-10 and is estimated to grow to 329 lakh bales in 2010-11," the minister said.

The production of cotton yarn has shown an increase of 12.6 per cent in 2010-11 (April-December) as compared to 2009-10 (April-December), Lakshmi added.

(Source: http://in.news.yahoo.com/cotton-yarn-prices-jump-52-pc-2010-11-20110224-061100-913.html)