Home / Knowledge / News / Textiles / China's Fuzhou imports record cotton in Jan-July'13
China's Fuzhou imports record cotton in Jan-July'13
31
Aug '13
Fuzhou, in southeast China’s Fujian province, has reported cotton imports of 19,760 tons during January-July 2013 period, which shows a record 1,137 percent increase in cotton imports over the same period last year, the entry-exit inspection and quarantine bureau of Fuzhou city has announced.
 
In the first seven months of the ongoing year, Fuzhou imported cotton worth US$ 43.4 million, registering an increase of 793 percent year-on-year, which is a record high, China Daily reported.
 
Market analysts attributed the sharp increase in cotton imports to the difference in prices between foreign and domestic cotton, as well as to an increasing demand for the raw material.
 
The price of domestic cotton in China remained above 19,000 yuan during most part of the current year, which was about 4,000-5,000 yuan higher than the price of imported cotton.
 
Since cotton accounts for about 70 percent of the total cost of yarn manufacturing, producers cannot afford to buy domestic cotton by paying a premium of around 4,000 yuan a ton.
 
Seeing the sharp jump in imports, the inspection and quarantine bureau of Fuzhou shortened the inspection time by simplifying its procedures.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

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...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


June 2018

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

news category


Related Categories:

Advanced Search