Home / Knowledge / News / Textiles / Financial strain slows down sale of new cotton
Financial strain slows down sale of new cotton
24
May '08
According to official statistics, by the end of last month, the rate of the unginned cotton purchased by Chinese cotton processing enterprises reached 98.5 percent, up by 3 percent than the same period of last year. About 98 percent of the purchased unginned cotton was processed.

However, the new cotton sales slowed down, accounting for only 67.6 percent and representing a slide of 7.4 percent. The major reason is the financial strain faced by most domestic textile enterprises.

In April, the cotton price in Chinese market was 13909 yuan per ton on average, down 0.1 percent as compared to the month of March.

Imported cotton was priced at around 14091 yuan per ton on average. In April, China imported 263000 tons of cotton, up by 23.7 percent than the previous month.

During January to April 2008 period, China imported 790000 tons of cotton in total, recording a year-on-year growth of 9.6 percent.

In addition, in the first 4 months of this year, country exported textile and clothing products worth of US $51.7 billion, around 17 percent over than the same period of last year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Urs Stalder
Sanitized AG

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silvia Venturini Fendi
Fendi s.r.l

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
April 2017

April 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