Home / Knowledge / News / Textiles / China to continue buying cotton for state reserves
China to continue buying cotton for state reserves
30
Oct '12
The Chinese Government will continue buying cotton for its state reserves until March 31 next year.
 
The Government began purchasing cotton from September 1 this year at 20,400 yuan/ton. Simultaneously, it released cotton from state reserves at 18,500 yuan/ton during September 3 to September 29, 2012.
 
At present, while the state purchase price for cotton is 20,400 yuan/ton, the market price is about 18,600 yuan/ton. The state purchase price is providing support to domestic market.
 
As on October 19, for which the China Cotton Reserves Corporation has released data, the volume of state purchase of cotton for national reserves has crossed 1 million tons, which is 150 times more than the amount of cotton purchased during the same period last year.
 
It is estimated that cotton storage by China Cotton Reserves Corporation touched about 4 million tons last year, supposed to be the highest ever recorded in Chinese history.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Frank Gossmann
Rotorcraft AG

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

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search