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

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Apparel/Garments | On 28th Jul 2017

Columbia Sportswear posts Q2 2017 net sales of $398.9 mn

Columbia Sportswear Company has recorded net sales of $398.9 million...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sunil Rathore
Lacoste India

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

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

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

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
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

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
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

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
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X