Home / Knowledge / News / Textiles / Profits begin to thin for Xinjiang cotton growers
Profits begin to thin for Xinjiang cotton growers
17
Feb '14
Profits have begun to thin for farmers growing cotton in China’s Xinjiang region, according to a recent survey carried out by the Xinjiang Uygur Autonomous Region Development and Reform Commission.
 
For 20 consecutive years, Xinjiang has produced the largest quantity of cotton in China, and farmers have gained considerably from the crop. But, the recent survey shows that with the rise in production costs, the profit margins of farmers have started to dip.
 
In 2013, the average per acre cost of producing cotton in Xinjiang was 2,115.25 yuan, showing an increase of 325.19 yuan or 18.17 percent year-on-year. Accordingly, the net profit decreased by 21.36 percent year-on-year to 530.27 yuan per mu (1 mu = 0.067 hectares).
 
The decrease in net profit was despite an increase in average selling price by 12.32 percent year-on-year to 1,003.16 yuan per 50 kg.
 
According to analysts, the substantial increase in costs of production has led to a decline in income for cotton farmers in Xinjiang.
 
Hence, in order to stabilize cotton production, Xinjiang cotton growers need to increase their scale of operation and embrace mechanization.
 
In 2013, more than 500 million mu of area under cotton was mechanically harvested by Corps, accounting for more than 50 percent of cotton acreage, but the remaining area still relies on manual picking of cotton.
 
Xinjiang is a major cotton production base in China with high-quality cotton producing areas. The region accounts for one-third of China’s total cotton acreage, but it contributes only one-sixth of national output.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Aug 2017

Cotton yarn futures trading begins in China’s Zhengzhou

Cotton yarn futures trading recently began on the Zhengzhou Commodity ...

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

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

Tony Ward
Tony Ward

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search