Home / Knowledge / News / Textiles / Cotton price to be unaffected by adjusted slide-tax
Cotton price to be unaffected by adjusted slide-tax
03
Jun '08
The Tariff Commission of the State Council lowered import tariffs on several commodities, including cotton, starting June 1, in order to curb rising prices of agricultural products, easing inflationary pressure.

The industry believes that, the adjustment of slide-tax has little effect on cotton price.

Experts explain that, this reduction of slide-tax only applies to cotton imports with high price. This will bring import cost higher than 11.397 yuan per kilo gram down to 0-213 yuan per ton. But, domestic textile enterprises may consider consumption of foreign cotton, only if the foreign per ton cotton prices are atleast 200-300 yuan lower than domestic yield.

At present, there has no significant difference between domestic and international cotton prices and local enterprises seem to prefer domestic cotton.

Besides, textile enterprises use high-quality cotton to produce high value-added products. Thus, product mix is becoming popular trend, since it enhances profitability.

For Related News click here

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: EFI Reggiani

Textiles | On 6th Dec 2016

EFI Reggiani shows inkjet textile solutions at India ITME

EFI Reggiani, a leading technology provider of a full range of...

Textiles | On 6th Dec 2016

Demonetisation may increase formal sector share: Ind-Ra

Demonetisation coupled with the government’s resolve to promote the...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kerem Durdag
Biovation II LLC

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search