Home / Knowledge / News / Textiles / China's cotton purchase for reserves nears annual output
China's cotton purchase for reserves nears annual output
Mar '13
The accumulated acquisition by the China National Cotton Reserves Corporation under 2012-13 temporary purchase and storage plan has reached 6.384 million tons by March 15, 2013, according to an announcement made by the Information Center of State Reserve Cotton Corporation.
The purchase of cotton so far is quite close to China’s annual production of 6.84 million tons announced by the National Bureau of Statistics, and is also not far from 7.164 million tons of output estimated by the China Cotton Association for 2012-13 season.
In comparison, the temporary purchase and storage of national cotton reserves in 2011-12 was only 3.130 million tons.
So far, of the cumulative acquisition of 6.384 million tons for cotton reserves, 4.576 million tons of cotton was acquired through listing, while another 1.727 million tons was acquired by backbone enterprises through contracts.
Of the cotton reserves procured through listing process, 2.118 million tons was purchased from inland area, and another 2.539 million tons was bought from Xinjiang.
On the other hand, the sale of cotton released from reserves is slow and only 768,600 tons of cotton was traded by March 15 from the already released cotton by National Cotton Reserves.
China’s 2012-13 temporary cotton purchase and storage plan, launched on September 7 last year by the National Development and Reform Commission and the Ministry of Finance, will end on March 31, 2013.
The first round of the release of cotton from state reserves for 2012-13 is also scheduled to end on the same day.

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

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

January 2017

January 2017

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


Browse Our Archives


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