Home / Knowledge / News / Textiles / Chaos if cotton reserves released in huge volume - experts
Chaos if cotton reserves released in huge volume - experts
30
Apr '12
Cotton experts predict pandemonium if the Chinese state releases its huge cotton reserves at one go and in huge volumes.

China National Cotton Reserves Corporation has purchased and stored 3.13 million tons of domestic cotton as well as 1 million tons of imported cotton in 2011/2012.

It also has in its reserves; around 300,000 tons of old cotton. The cumulative cotton reserves add up to a massive 4.43 million tons.

It is expected that the state could add another two million tons to its reserves in the current year.

This would ultimately create a storage capacity of 5.43 million tons, a volume which would be difficult to manage and maintain.

According to experts, it is expected that the state might sell at least 2.5-3.0 million tons of these reserves, which could lead to a crash in cotton prices, unless the state fixes a high reserve price.

So they suggest that the reserves should be sold in a long length of period, at an appropriate parity price in the second half of this year or in next year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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