Home / Knowledge / News / Textiles / Chinese textile firms may raise cotton intake very soon
Chinese textile firms may raise cotton intake very soon
04
Feb '13
Several Chinese textile enterprises are likely to increase their procurement of cotton soon after the end of the Spring festival holidays.
 
At present, most textile enterprises hold raw material inventory that could last only for 10 to 15 days, and hence they are in urgent need of replenishments to ensure normal production. 
 
However, the firms are postponing their procurement of cotton in view of the approaching Spring festival. 
 
As of January 30, 2013, more than six million tons of cotton was purchased under the 2012 annual temporary purchase and storage plan of the Government.
 
According to a November 2012 forecast of the National Cotton Market Monitoring System, China’s cotton production during the ongoing season would be about 6.992 million tons, which means that cotton supply in spot market dropped significantly.
 
The Chinese Government started releasing cotton from its state reserves from January 14, 2013. But, as of January 30, only 350,450 tons of cotton was sold.
 

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

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...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kevin Nelson
TissueGen

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

Eric Scholler
Groz-Beckert

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

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

Sanjukta Dutta
Sanjukta's Studio

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

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