Home / Knowledge / News / Textiles / Govt announces procuring of cotton 3 times in current season
Govt announces procuring of cotton 3 times in current season
17
Nov '08
In order to help farmers clear their over loaded warehouses from stocks of cotton from this season the government has announced procuring cotton from markets and farmers three times in the current cotton season. This is being done with a dual purpose of stabilizing the cotton markets and in turn also help the farmers clear their stocks.

The first announcement was made on August 19, 2008, when the state decided to procure 150,000 tons of cotton from Xinjiang province which is considered the cotton bowl of the country and produces nearly 25 percent of all cotton grown in China.

Once again on October 16, the Chinese government decided to purchase 220,000 tons of more cotton from the open market at a price of 12,600 Yuan per ton, but 800 Yuan down from the price paid in August.

Subsequently once again on October 29, the government announced the purchase of 1 million tons of the 2008 crop at a price of 126,000 Yuan per ton. Out of all the cotton purchases committed to by the government it has bought 182,400 tons till date.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Textiles | On 21st Jul 2017

GST hits carpet industry, 5,000 units may shut down: CEPC

The handmade carpet industry has been affected badly following the...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Md Hanifur Rahman
Aman Group

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

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

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

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