Home / Knowledge / News / Textiles / 77% of cotton imports in September emanate from US
77% of cotton imports in September emanate from US
27
Oct '08
In September, China's cotton crop reached its zenith as most parts of the country saw fine weather, ample light and heat, which were helpful to cotton maturation and harvesting. According to the survey by China Cotton Association, total output of this year is expected to reach 7,795,000 tons, basically a flat growth rate when compared with that of last year.

According to China Cotton Association, as of September 30, the average harvesting progress of cotton among surveyed farmers was 46.3 percent, basically the same as in the corresponding period of last year.

However, farmers did not want to sell their harvest due to increased cotton production costs and a decline in cotton prices with the average price for the whole month standing at just 5.43 Yuan per kg, down 0.34 Yuan, or 6 percent from the same time last year.

Cotton processing enterprises seem to have lost confidence and they were also delaying purchases which has resulted in a stalemate between growers and textile mills. According to the Association, among surveyed enterprises in September, 65 percent of the enterprises had not started their normal cotton purchases.

The average purchasing price of raw cotton by cotton processing units stood at 5.54 Yuan per kg, a year-on-year decline of 4 percent. China cotton price index (CC Index328) also fell by 618 Yuan per ton in September. The accumulated drop since July reached 1000 Yuan considering the drop of September.

Average price of cotton was 13,177 Yuan per ton in September, down by 408 Yuan per ton from August. Cotton imports in September came to 129,000 tons, a substantial decline from the previous month and the same period of last year.

U.S. cotton accounted for 77 percent of the total imports. There was not much difference in price of imported and domestic cotton as price drop in domestic cotton was higher than that of decline in international cotton prices.

To stabilize the domestic cotton market and protect the interests of cotton growers, the state decided to purchase cotton from farmers of Xinjiang province which grows the biggest cotton crop in China on October 21, 2008.

In the first phase, the state will purchase 220,000 tons of cotton at a uniform price of 12,600 Yuan per ton. The state will gradually increase purchase volumes depending on the situation in a timely manner.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sonam & Paras Modi
SVA

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

October 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
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

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
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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