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

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X