Home / Knowledge / News / Textiles / Dispatches of cotton from fields falls drastically
Dispatches of cotton from fields falls drastically
25
Nov '08
According to a survey done by the China Cotton Association, as of October 30, the average seed cotton-picking progress of surveyed farmers was 88.5 percent, representing a 2.2 percent increase over the same period last year.

However, cotton-processing enterprises were cautious towards new purchases, due to continuous fall in prices since the beginning of the new cotton season. It was even difficult to sell cotton in some areas and cotton farmers appeared discontent with the situation.

As of October 30, average dispatches of cotton from fields of surveyed farmers had reached only 33 percent, a year-on-year drop of 24 percent while on the other hand average delivery price in October was Yuan 5.22 per kg, down Yuan 0.21 from September and Yuan 0.75 or 13 percent from the same period last year.

Sales of cotton lint had come to a near standstill in October as prices continued to fall as some enterprises had suspended purchases and adopted a wait-and-watch attitude, but procurement by the government made good progress in Xinjiang province.

According to the monitoring of China Cotton Association, nearly 40 percent of surveyed ginning enterprises had not started their cotton purchase in the new season while 10 percent of those surveyed had stopped new purchases due to business losses occurring from daily drop in prices.

The average purchase price by processing enterprises was Yuan 5.23 per kg or Yuan 11,391 per ton (not including processing fees), down Yuan 0.25 per kg from September.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella 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
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search