Home / Knowledge / News / Textiles / Cotton import price see a rising trend in mid January
Cotton import price see a rising trend in mid January
12
Feb '08
The Ministry of Industry and Trade (MOIT) recently released a report according to which import price for cotton in the period from January 10 to 19, was quoted at around US $1,426 to $1,545 per ton, representing an increasing trend.

Such boost in prices was largely due to rising trend in the world market as well as low cotton production in US, Australia and Uzbekistan, an official source from MOIT explained.

On the other hand, growing demand of cotton in the textile and garment exporting countries has led to strong hike in the world price, added the source.

In this nine day time period, price quoted at US market was $1,545 per ton, up by 6.3 percent over previous week and augmented by almost 8 percent compared to same period of October 2007.

Cotton price at India and Taiwan also stood at high places quoted at nearly $1,423- 1,437 per ton. The price at Burkina Faso, Singapore and Cameroon was at around $1,520 each ton.

Vietnam has been importing cotton heavily for its local production as it is considered to be one of the key materials for textile and apparel industry. In 2007, the cotton import turnover of the country reached 63.9 thousand tons for $81 million, up by 60.9 and 71.2 percent respectively over 2006.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Victor Chao
Esmetex

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

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 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