Home / Knowledge / News / Textiles / Import prices for cotton spirals in mid August
Import prices for cotton spirals in mid August
03
Sep '08
Cotton import price for Vietnam in the period from August 13 and 22 of this year, ranged between US $970 - $1,772 per ton, reflecting a slight increase when compared to the previous week and the same period last year.

The price quoted from US was $1,655 per ton on an average, rising by 0.7 percent over previous week and July this year. Similarly, price quotations from Singapore suppliers stood at $1,635 per ton, marking an increase of 1.4 percent over the previous week.

On the other hand, price quoted from UK, Switzerland and Mali witnessed a stable market situation at $1,630, $1,650, and $1,700 per ton respectively.

In terms of imports, Vietnam purchased about 147,636 tons of cotton worth over $222 in the first half of 2008 for local production, representing a year-on-year increase of 33.7 percent and 63.5 percent respectively. India and the US emerged as two of the largest supplier of the raw material to the country.

This trend of growing cotton imports indicate towards the fact that the textile industry of Vietnam depends heavily on outsourcing, which has over the years, become a pattern being zealously followed by developing enterprises.

However, this can also be taken as a warning since accelerating imports is likely to create and widen the country's trade deficit with various other trading partners which would not be very conducive to the overall development of the domestic economy.


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

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

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

July 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

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

Yes No

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

Yes No

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


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



X