Home / Knowledge / News / Textiles / China may not increase cotton import limit this year
China may not increase cotton import limit this year
13
Aug '12
China is likely to reap bumper cotton output in 2012-13, and as such, to reduce pressure on domestic cotton stocks, the Government may not allow cotton imports beyond the limit set for the current year, the China Cotton Association (CCA) has said. 
 
This year, though China’s cotton cultivation acreage has reduced compared to last year, the output is far better than that reaped by same time last year. Hence, the country’s cotton output, unless marred by floods in autumn affecting the crop, is expected to be enough to meet the domestic demand, CCA said, citing a report from the Cotton Research Institute of the Chinese Academy of Agricultural Sciences.
 
During the first half of the current year, domestic cotton was priced around 5,248 yuan or US$ 824 per ton higher than the price of imported cotton, and hence several textile producers were prompted to import cotton. This built a pressure on domestic stocks, the report stated.
 
This year, price of new cotton is likely to keep at around 20,400 yuan per ton. However, factors like mounting stocks, possibilities of a fall in cotton production in the US and weak demand prompted by global economic slump, would not allow it to escalate further, the report said.
 
It also hinted that to maintain the enthusiasm of the cotton growers, the Government would continue with its policy of stockpiling domestic cotton. The Government has already announced the new procurement price of 20,400 yuan per ton, an increase of approximately three percent over last year’s price of 19,800 yuan per ton.
 
As per the CCA’s predictions, the country’s cotton output for the 2012-13 season is likely to surpass the Government’s target of 6.99 million tons, which is already about six percent higher than last season.
 
The annual cotton import quota fixed by the Chinese Government is 894,000 tons, which attract one percent preferential tariff under the World Trade Organization rules.
 
However, depending on domestic demand, the Government can allow additional imports, but the same would be subjected to a tariff of about 5-40 percent.
 

Fibre2fashion News Desk - China


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

Indian inter-ministerial group to study e-commerce issues

Apparel/Garments | On 19th Apr 2018

Indian inter-ministerial group to study e-commerce issues

The Indian Government has set up an inter-ministerial group to study...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Silke Brand-Kirsch
Schlegel und Partner

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

Urs Stalder
Sanitized AG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sanjukta Dutta
Sanjukta's Studio

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

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

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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