Home / Knowledge / News / Textiles / Uncertainties expected to haunt cotton in 2009
Uncertainties expected to haunt cotton in 2009
31
Dec '08
Cotton hit an all-time high in futures market in early 2008, but also set an all-time low. Impacted by the global financial crisis, commodities have returned to their original prices; albeit even very low as in the case of cotton while supply and demand became dominant factors, demand in particular.

Cotton cultivation areas in China and the United States are expected to reduce in 2009, an influence brought about by shrinking demand and macro-economic uncertainties and China's state reserve procurement plan is expected to mop up as much as 34 percent of the production this year.

Current cotton consumption cost of Chinese textile enterprises is significantly higher than prevailing in global markets as the price of state reserve procurement is high and such a situation is expected to create uncertainties in cotton prices in the future.

International cotton market will face difficulties in 2009. Although U.S. cotton has touched a 4-year low, exports stimulated by price may move back to second place, since the United State will take macro-economic recovery more seriously and preventing heavy imports from China as priority.

In 2009, Chinese cotton market as a whole is projected to sink into a range of 10000-13000 Yuan, with it being expected to remain in floating range of 11500-12500 Yuan during the course of the year, with the biggest variables being state of the economy and new cotton planting acreage.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Johan Berlin
InvestKonsult Sweden AB

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

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...

Rupa Sood and Sharan Apparao
Nayaab

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

Wendell Rodricks
Wendell Rodricks

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

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

news category


Related Categories:
April 2017

April 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



X