Home / Knowledge / News / Textiles / China's state cotton purchase plan moves ahead
China's state cotton purchase plan moves ahead
19
Sep '12
The national cotton purchase and storage begun by China on September 10 is slowly moving ahead.
 
On September 18, China planned to buy 50,000 tons of cotton for state reserves, but was able to buy only 9,240 tons, which was 18.5 percent of the planned amount.
 
The quantity of cotton purchased was, however, 6,480 tons more than the amount of cotton purchased a day earlier.
 
From Xinjiang province, 8,400 tons or 42 percent of the planned 20,000 tons of cotton was purchased.
 
In comparison, only 840 tons or 2.8 percent of the planned 30,000 tons of cotton was purchased from inland warehouses.
 
As of September 18, China has purchased a total of 14,920 tons of cotton under its temporary purchase and storage plan, of which, 4,320 tons was purchased from inland warehouses while 10,600 tons were bought from Xinjiang.
 
Under its national cotton purchase and storage plan, the Chinese Government is procuring cotton at a price of 20,400 Yuan/ton, up 600 Yuan/ton compared to last season’s state cotton purchase price of 19,800 Yuan/ton.
 

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 21st Jul 2017

Walmart opens new fulfillment centre in Davenport

Walmart has opened a new e-commerce fulfillment centre in Davenport,...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mohammad Hassan
Biax Fiberfilm

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

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

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

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

Yes No

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

Yes No

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


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



X