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Government is looking at allowing an export of 8 lakh more bales of cotton. The government is going slow on exports to control domestic prices.

After hitting historic highs this spring, cotton prices have plunged 38% this month, the result of higher production and lower demand, and forcing clothing makers to reconsider pricing plans put in place earlier this year. “In an ideal world, we’ll be able to hold the current prices and recoup the gross margin we’ve lost,” VF… Read more

If you want volatility, all you have to do is look at the cotton trade. In the last week, it has shed 36 percent. Despite that, cotton is still up more than 37 percent in the last year.

Shares of Hanesbrands (HBI -8.2%) fall after the company confirmed its full-year 2011 diluted EPS guidance of $2.70-$2.90, and says it sees pressure on margins from cotton prices and potential wage hikes in Central America, China and Vietnam. A planned price increase to dampen those costs may reduce sales, analysts say. Post your comment!

Textiles Ministry on Tuesday favoured the move to permit more cotton exports beyond the current cap of 65 lakh bales.

CNBC’s Brian Shactman reports on the drastic drop in cotton and its impact on company profit margins.

The area under paddy cultivation has increased by nearly one per cent to 115.36 lakh hectares this year so far, but the acreage of pulses and cotton has gone down.

An inter-ministerial panel will meet next month to take a call on whether to permit cotton exports beyond the ceiling of 65 lakh bales.

Disputes between suppliers, merchants and mills are soaring after a historic rise in the price of cotton prompts traders to walk away from sale contracts