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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Eric Scholler
Groz-Beckert

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

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

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search