Home / Knowledge / News / Textiles / Imports of cotton witness double-digit decline
Imports of cotton witness double-digit decline
24
Nov '08
China National Development and Reform Commission announced that in October, cotton purchase and sale prices continued to decline and at the same time international cotton price also slumped. Imports of cotton also witnessed a decline as textile production and export growth continued to slow down.

Since textile exports were poor and cotton import cost based on floating import tariff was higher, October cotton imports dropped by more than a quarter showing a decline of nearly 30 percent year-on-year. In the first ten months of this year, China imported a total amount of 1.866 million tons cotton, a decrease of almost 170,000 tons from the same time last year.

Growth rates in yarn output and textile and garment exports over the same period also slowed down. Of which, yarn production growth rate declined by 9 percent year-on-year while on the other hand growth rate of exports of textile and garment dropped by 11.5 percent year-on-year.

In October, prices of cotton yarn and polyester staple fiber in China's domestic market continued to fall. The commission said that in October, acquisition price of grade 3 seed cotton declined by an average of 6.1 percent from the previous month. This drop was as high as 5.5 percent in Xinjiang. Average landed mill prices of standard lint and average cotton futures prices dropped more than Yuan 680 from the previous month.

Fibre2fashion News Desk - China


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

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Eric Scholler
Groz-Beckert

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

Mohammad Hassan
Biax Fiberfilm

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

Paolo Ocleppo
Sandvik Hyperion

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

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

Prathyusha Garimella
Prathyusha Garimella

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

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