Home / Knowledge / News / Textiles / Speeding cotton sale in Henan Province troubles middlemen
Speeding cotton sale in Henan Province troubles middlemen
29
Mar '08
Starting from March 18, cotton yarn sale of Chinese textile enterprises has increased which has in turn encouraged the volume of cotton sale in Henan Province. So far, local entrepreneurs have sold about 42 tons of cotton lint.

Since prices for raw materials haven't gone up in the recent times, only textile enterprises having enough funds are willing to buy cotton so as to sell it actively later on.

While the present cost of cotton lint is 13,200 yuan per ton, the real price is 13,400 yuan per ton which means that entrepreneurs can still make a profit of 200 yuan a ton.

However, the steady sale of cotton can be a growing concern for the middlemen for whom the cost of cotton lint stands at 13,800.

Most of these middlemen have taken a loan from the Chinese Agriculture Development Bank and must therefore return 50 percent of the borrowed sum at the end of March. However, if they sell their stock at this point, they are likely to suffer a heavy loss since the current price is relatively low compared to the prices at which they were produced.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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