Home / Knowledge / News / Textiles / China should device policy for stable cotton output
China should device policy for stable cotton output
15
Oct '12
Since 2009, the Government of China has been making efforts to stabilize cotton prices in the country so as to protect the interests of the farmers and there by sustain their enthusiasm in growing cotton.
 
Last season, the Government purchased cotton from domestic market at 19,800 yuan/ton. Subsequently, during September 3-29 this year, the Government released 494,000 tons of cotton from its state reserves to various cotton enterprises at a price of 18,500 yuan/ton.
 
Thus, the Government incurred a loss of 1,200 yuan/ton and the total loss touched 590 million yuan, when calculated on the basis of actual transaction price.
 
Bi Meijia, chief economist in the Ministry of Agriculture, has said the country should set up long-term mechanism to stabilize cotton production. 
 
The chief economist added that the Government needs to study agricultural restructuring issues, including relation between growing food grains and cotton, and come out with ideas and policy measures to promote sustainable development of cotton production.
 
When cotton prices rise, textile enterprises should increase production of value-added products. At present, China’s total cotton spinning capacity has risen to 100 million spindles, but the country may need only about 70 million spindles in the future, according to the chief economist.
 

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Silke Brand-Kirsch
Schlegel und Partner

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

Marten Alkhagen
Swerea IVF AB

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

Kerem Durdag
Biovation II LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Tony Ward
Tony Ward

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

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


June 2018

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

news category


Related Categories:

Advanced Search