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Australian cotton fetches higher price at Chinese ports
22 Feb '13
1 min read
Cotton from Australia is fetching the highest price among the various imported cotton at Chinese ports.
The spot price of Australian cotton was quoted at 102.85 cents/lb on February 20, which translates to 16,798 yuan/ton under sliding tax in terms of delivery at port.
In comparison, the price of US cotton was 99.10 cents/lb, which equals 16,313 yuan/ton under sliding tax in terms of delivery at port.
Cotton imported from West Africa was quoted at 93.85 cents/lb on February 20, the price was equivalent to 15,686 yuan/ton under sliding tax in terms of delivery at port.
Indian cotton was quoted at 90.35 cents/lb, which corresponds to 15,287 yuan/ton under sliding tax in terms of delivery at port.
Fibre2fashion News Desk - China
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