Home / Knowledge / News / Textiles / China plans to attain self-sufficiency in cotton supply
China plans to attain self-sufficiency in cotton supply
18
Jun '11
China plans to attain self-sufficiency in cotton supply in the long-run, in spite of an expected rise in its cotton imports, according to Liu Xiaonan, Deputy Chief at the National Development and Reform Commission's (NDRC) Economic and Trade Department.

While speaking at a Cotton Conference in Dalian, Mr. Liu stated that the demand-supply gap of cotton in China is a lasting trend, and the shortfall is likely to rise further as more cotton is imported to meet the country's growing textile export demand.

Mr. Liu stated that China would first strive to fulfill its domestic demand for cotton and would then if needed, look to import more of the crop to meet the demand of the export processors.

Mr. Fang Yan, Deputy Chief at NDRC's Rural Economy Department, referring to the statistics of the Ministry of Industry and Information Technology, said that by 2015, China's demand for cotton is likely to reach 13 million tons.

He said that it is not easy to improve the country's cotton production, which has been declining since 2008. Last year too, it dropped by 6.9 percent to 5.96 million tons.

This drop, to some extent, can be attributed to the preference of the farmers to sow grains rather than cotton. It is because the Government offers higher subsidies on grains, and also grain plantation is less labour intensive than cotton.

Cotton imports by China constitute around 36 percent of the world cotton trade, with textile export material constituting a larger part of these imports, Jiang Fan, Deputy Chief of the Foreign Trade Department under the Ministry of Commerce said.

China's textile industry has been hit by major fluctuations in cotton prices since the second-half of 2010, which has even led some overseas cotton sellers to default this year on contracts.

Last month, China imported around 145,000 tons of cotton, which reflected a decline of 31 percent from the previous month and a year-on-year fall of 27 percent.

During the first three quarters of the 2010-11 crop season that began in September 2010, the country imported 2.09 million tons of cotton. At the start of the current year, the industry experts had estimated the country's total imports for the crop year to exceed three million tons.

Editor's note-
Although the cotton supply being in deficit compare to the domestic demand, China has been able to become a major exporter of textiles. Thus, it has set a good example for other countries to enumerate. Now, it is trying to set another example by planning to become self-sufficient in cotton production, which would, in turn, boost its textile exports further.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search