Home / Knowledge / News / Textiles / Cotton procurement & import witness downturn
Cotton procurement & import witness downturn
17
Dec '08
Last week, starting from December 8 to 12, China provided around 144,400 tons of cotton for reserve procurement plan, a reduction of 115,100 tons or 44.3 percent from the previous week.

Nearly 139,600 tons were traded. From sub-region statistics, 65,600 tons of cotton exchanged hands in Xinjiang, representing a reduction of 142,200 tons or 68.4 percent from the previous week; 74,000 tons were traded in inland, an increase of 35,300 tons or 91.2 percent from the previous week. The weekly procurement took place in 50 warehouse points, among them 12 in Xinjiang, and 38 in inland.

As of the weekly report, the second batch of reserve procurement plan has completed 824,650 tons, accounting for around 82.4 percent of the total procurement plan of 1 million tons. The accumulative procurement has reached 1,044,650 tons in 2008, accounting for 85 percent of the total reserve procurement plan of 1.22 million tons.

On the other hand, the country is importing cotton to meet its regular demand of the textile industry. According to customs statistics, China imported 76,000 tons of cotton in November 2008, further down by 21 percent over October, and 25 percent against similar period last year; the lowest in single month in nearly last four years.

November import value of cotton was US $125 million with average import price at $1.64 per kg, also the lowest since April of this year.

In the period from Januray to November, China's cotton imports totaled to 1,943,000 tons, down 9 percent from the same time last year.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

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

Johan Berlin
InvestKonsult Sweden AB

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
March 2017

March 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