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

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
May 2017

May 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