Home / Knowledge / News / Textiles / China's domestic policy pushes cotton yarn imports
China's domestic policy pushes cotton yarn imports
21
Jan '13
The implementation of temporary cotton purchase for state reserves by the Chinese Government has led to a surge in the country’s cotton yarn imports.
 
Under the policy, the Government purchased large quantities of cotton, pushing up the prices of domestic cotton. This prompted the textile industry to increase cotton yarn imports by as much as 30 percent in 2012.
 
When China began implementing its policy of cotton purchase for state reserves in 2011, the aim was to support its farmers. In the process, prices of cotton in China’s domestic market became 40 percent higher than international prices.
 
Thus, while supporting cotton growers, the Government’s policy has damaged the interests of Chinese textile enterprises. The policy has resulted in reduced cotton supply in Chinese domestic market, forcing the textile industry to depend on imports.
 
Unlike cotton, cotton yarn imports do not have any quota restrictions, and hence, traders prefer to import cotton yarn, instead of cotton, from other countries, especially India and Pakistan.
 
Currently, the import price of cotton yarn is about 2,000 yuan/ton lower than the domestic price.
 

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search