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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Veronique Lee
Modavanti

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

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Paolo Ocleppo
Sandvik Hyperion

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

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

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

Robert Brunner
Devereux

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

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