Home / Knowledge / News / Textiles / Revoke cotton sliding duty, Chinese textile sector demands
Revoke cotton sliding duty, Chinese textile sector demands
24
Apr '12
Stakeholders in the Chinese textile industrial value-chain have demanded cancellation of sliding duties on cotton imports.

According to them, sliding duty is imposed at the rate of 6.3 percent on imported cotton which increases the cost of imported cotton.

This has undoubtedly created significant cost pressures on the textile industry.

Chinese cotton textile enterprises have received inadequate orders this year, due to the impact of global economic downturn.

Some EU and US orders have been gradually transferred to other countries, due to mainly rising costs in China.

Due to which, export performance of China's textile enterprises is not optimistic this year. In the light of the above, they have demanded revoking sliding duties.

Chinese domestic cotton price has stood between 19,000-19,800 Yuan / ton in the last three months. March delivery price at New York futures was 91.63 cents / pound, which is equivalent to China's price at 15,341 Yuan / ton under sliding duty.

This is 3,832 Yuan / ton lower than price prevailing in domestic cotton market. The average price of Indian cotton in China was about 12,000 Yuan / ton in China's market.

The spread between domestic and international cotton prices is in the range of 4000-7000 Yuan / ton.

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

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Amrit Sethia
SOIE

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

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
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