Home / Knowledge / News / Textiles / China issues more cotton import quota for textile mills
China issues more cotton import quota for textile mills
03
May '13
China has released additional 400,000 tons of cotton import quota to textile mills to help them procure more low-cost cotton from foreign countries.
 
The decision has been taken in view of the request made by the textile mills to the Government asking it to raise import quota, to enable them to purchase cotton from overseas market, which is around 40 percent cheaper than the domestic price.
 
The current approval of the additional 400,000 tons release of import quota by the National Development and Reform Commission takes the total import quota released this year to 2.8 million tons.
 
Industry analysts say the new quota would be used to clear cotton stored in bonded warehouses of China’s main ports. The cotton storage at these warehouses is estimated to be approximately 700,000-800,000 tons.
 
Currently, cotton supply situation in China is tight and hence, the Government is also considering increasing domestic market supply through release of cotton from its reserves next month.
 
The release of cotton from reserves is also necessary to make room for storing new cotton reserves.
 

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

View of YiwuTex 2016; Courtesy: YiwuTex

Textiles | On 28th Feb 2017

Smart knitting system to grace 18th YiwuTex 2017

The thematic functional knitting machinery zone at the 18th YiwuTex...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Evelyne Cholet
UCMTF

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

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

Kevin Nelson
TissueGen

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

Judy Frater
Somaiya Kala Vidya

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

Madhu Jain
Madhu Jain

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 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