Home / Knowledge / News / Textiles / China not to raise cotton import quota beyond 894,000 tons
China not to raise cotton import quota beyond 894,000 tons
Sep '14
The Government of China will not increase its cotton import quota next year beyond 894,000 tons that it had promised while joining the WTO, Liu Xiao, deputy director, Economic Division, National Development and Reform Commission (NDRC) has said.
Addressing a press conference along with NDRC deputy director Zhou Wang Jun, Liu Xiao said the NDRC will guide domestic textile enterprises to use more homegrown cotton next year.
The Government of China had earlier this year abandoned its temporary cotton purchase and storage policy and introduced a target price system, under which farmers will receive subsidy if the market price falls below the preset target price of 19,800 yuan per ton.
At present, the price of ginned cotton in the Chinese market is quoted at about 14,000 yuan per ton, while the price on the benchmark US futures market is about 11,800 per ton.
The difference in cotton price between the Chinese market and the global market will narrow down to a reasonable range, which would lead to a reduction in imports of cotton yarn, Liu said.
China’s domestic cotton production is likely to decrease this year by around 500,000 tons to 6.5 million tons. On the other hand, the demand is expected to stay around 8.5 million tons. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Evelyne Cholet

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

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marcel Alberts

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

Steve Cole
Xerium Technologies

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

Mark Paterson
Technical Absorbents Ltd

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search