Home / Knowledge / News / Textiles / China holds adequate stocks of cotton in 2012
China holds adequate stocks of cotton in 2012
22
Mar '12
Up to now, China has issued about 2 million tons of cotton import quotas which include 894,000 tons under 1 percent tariff rate and 1.1 million tons under sliding tariff.

In addition, around 500,000 tons of quotas remaining from the previous year arrived in China in January to February this year.
[
According to US Department of Agriculture in February, China's balance of cotton inventory was approximately 2.735 million tons in the 2010-2011 cotton year.

Rough estimates place China's cotton supply at about 9.535 million tons in 2011-2012. Coupled with 4 million tons of the State Reserves, China holds 13.535 million tons of available supply in 2011/2012.

In recent years, cotton consumption of the Chinese textile industry has generally averaged about 10 million tons.

Taking into account the impact of 2012 European debt crisis on downstream orders, China's cotton consumption will be about 9 million tons, if cotton consumption is reduced by 10 percent in 2012.

The data released by Chinese Customs showed that China's textile and garment exports in February fell 7.01 percent year on year and 54.87 percent from the previous month.

China's total textile and apparel exports realized US $31.23 billion, down 2.59 percent year on year in the first two months of 2012.

Textile enterprises are short of capital and export prospects of finished products are bleak, which has restricted procurement requirement from enterprises.

In the case of weak recovery of global economy, low consumption of cotton products and enhanced alternative of non-cotton fiber, the oversupply situation of cotton resources is difficult to change next year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Anvita Mehra
Confidential Couture

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

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

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
March 2017

March 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