Home / Knowledge / News / Textiles / Cotton stock swells as demand shrinks
Cotton stock swells as demand shrinks
05
Jun '08
By the end of May, Xinjiang Cotton Group, the largest cotton enterprise in Xinjiang, held nearly 100,000 tons of stock. This situation is not restricted to this particular Group; at present there is around one million tons of stock in Xinjiang waiting to be sold, forming a proportion of 45.5 percent of the total acquisition.

According to Xinjiang Cotton Association, in the year 2007-08, supply and marketing system of Agricultural Construction Corps and other channels, purchased nearly 2.2 million tons of lint. As a result, the sale was down 20 percent from the same time last year.

Experts believe that, Renminbi appreciation, monetary tightening and lowered export rebate rates have made a negative impact on textile companies, which has directly affect the cotton sales in the region.

At present, domestic textile units are updating themselves in terms of technology and production, thus, ordinary yarns are upgraded into high-density yarns. This is one of the reason for reduced cotton consumption.

Recently, the industrial stocks of domestic textile companies has been lowered to 15 days from 50 days in the past and operate production by 'from hand to mouth' purchasing policy.

To add further woes, the imported foreign cotton is in low price level, and therefore, cotton enterprises in Xinjiang face increasing business risks.

Fibre2fashion News desk - China


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


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