Home / Knowledge / News / Textiles / China to buy 5.5mn tons of cotton for reserves in 2012-13
China to buy 5.5mn tons of cotton for reserves in 2012-13
Jan '13
China’s total purchase of cotton under its temporary procurement and reserves plan for 2012-13 is likely to touch 5.5 million tons.
The temporary cotton procurement and reserves policy was first implemented by China during 2011-12 season. Under the plan, China purchased over 3.10 million tons of cotton at price of 19,800 yuan/ton in 2011-12. About 43.5 percent of 2011-12 domestic cotton production of 7.2 million tons was bought by the state agency for national reserves.
For 2012-13 cotton season, the procurement price was increased by 600 yuan/ton to 20,400 yuan/ton. Since the state procurement began on September 10, 2012, cotton price in China’s domestic market has remained lower than the state procurement price, due to demand from textile mills remaining flat.
By 2012-end, the average selling price of standard grade lint in China’s inland market increased by 465 yuan/ton since beginning of September to 19,219 yuan/ton.
As a result, processing enterprises have mainly sold cotton to state reserves and by December-end, about 5.14 million tons of cotton was procured for state reserves, accounting for about 75 percent of national production.
Under the circumstances, state cotton procurement is likely to reach 5.5 million tons in 2012-13 season.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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