Home / Knowledge / News / Textiles / Govt may intervene if cotton prices continue to fall
Govt may intervene if cotton prices continue to fall
26
Sep '08
Recently a national teleconference on cotton was organized by the National Development and Reform Commission in collaboration with seven other ministries. During the meeting it was decided that the state will strengthen macro-control over cotton market in order to stabilize cotton production in the country.

The state will start purchasing domestic cotton if cotton prices continues to fall. At the same time, China will also strengthen regulation and control over cotton imports.

Market experts suggest that this year cotton purchase will face prominent contradictions and problems, which will affect the earnings. However, increased input has boosted the expectation of farmers over purchase price, while cotton enterprises are more cautious due to diminishing profit in past two years.

During the meeting general requirements for 2008 cotton arrangement were also discussed. It includes new cotton purchases, ensuring availability of funds, stabilizing cotton market to protect the interests of farmers, strengthening macro-control to meet the needs of the market and speeding up the reform of quality inspection to ensure cotton quality.

Cotton prices have continued to fall since early 2008 but the state has not carried out large-scale interventions as the market expected it to do.

It was only towards the end of August this year, that the state issued a 291,300 tons purchase plan of Xinjiang cotton in order to resolve sales difficulties affecting cotton in the province. However, actual transactions were conducted for just around 81,300 tons.

Some industry analysts believe that China's annual cotton output is expected to be around 8,000,000 tons in 2008, while the nation will import 2,440,000 tons cotton.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Sunil Rathore
Lacoste India

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

Ashok Desai
Bombay Textile Research Association

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

Kerem Durdag
Biovation II LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

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

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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