Home / Knowledge / News / Textiles / 'China needs to adjust its cotton buying & storage policy'
'China needs to adjust its cotton buying & storage policy'
20
Jul '13
In recent years, cotton planting costs have risen sharply in China and the enthusiasm of farmers to grow cotton declined.
 
Industry analysts estimate China’s cotton acreage to fall by 6.7 percent this season, which might lead to decrease in cotton production.
 
Moreover, owing to the financial crisis, there is lack of demand and the global textile and apparel trade has decreased, sharply bringing down the international cotton prices. As a result, the Chinese textile industry is under great pressure.
 
Although, China’s textile and apparel exports have resumed growth in recent months, the lack of demand still persists due to RMB appreciation, rising labour costs, and constraints like financial difficulties for the SME sector.
 
If the Chinese cotton market remains in doldrums, the entire cotton industry will face serious challenges of sustainable development, according to experts.
 
The National Development and Reform Commission (NDRC) formulated the 2013 temporary purchase and storage of cotton plan to stabilize cotton production, to protect the interests of farmers, and to ensure market supply.
 
Industry analysts now suggest that China should adjust its cotton purchasing and storage policy, and give subsidies to farmers to protect their interests.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search