Home / Knowledge / News / Textiles / Demand for cotton declines in domestic market
Demand for cotton declines in domestic market
19
Feb '08
According to Customs Statistics, China's total import of cotton amounted to 24,60,800 tons in 2007, a decline of 32.5 percent compared to 2006.

According to the experts, imports of cotton reduced as domestic harvest was ample, reaching nearly seven million tons and the price was also on a higher side. The domestic demand further decreased due to the limitations imposed on textile and garment products by Europe and US.

With promotion and cultivation of transgenic cotton in recent years, India's cotton production and export volume grew rapidly. In 2007 China's cotton imports substantially reduced, but its imports from India maintained growing trend.

In 2007, China imported nearly 1.12 million tons of cotton from US, a reduction of 34.18 percent from the previous year, total imports accounting for 45.70 percent. Shipments from India reached 6,32,900 tons, an increase of 6.66 percent, accounting for 25.74 percent. Uzbekistan marked 2,15,700 tons of import, depicting a fall of 40.73 percent, accounting for 8.77 percent.

For the first four months of current fiscal 2007-08, which runs from September to August, country's total cotton imports registered 7,95,800 tons, a rise of 29.58 percent, from the same time last year.

In January, large-scale acquisition of unginned cotton in main producing areas finished, resulting in stable prices. Avarage price of the month was quoted at 6.10 yuan per kilogram, down 0.33 percent from December, but up by 13.59 percent from the same time last year.

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

View of YiwuTex 2016; Courtesy: YiwuTex

Textiles | On 28th Feb 2017

Smart knitting system to grace 18th YiwuTex 2017

The thematic functional knitting machinery zone at the 18th YiwuTex...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

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

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
February 2017

February 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