Home / Knowledge / News / Textiles / Contrary views prevail on price of cotton in near future
Contrary views prevail on price of cotton in near future
08
Apr '09
The reserve purchase plan of 2.72 million tons of cotton this year has been basically completed and now the cotton market will face an important and crucial period without supporting factor of cotton procurement by the state.

Currently there are two contrary views prevailing towards cotton price movement. The first feels that cotton price will probably decline to 11000-11500 Yuan, since state procurement has ended and there will be no price support now onwards.

The other viewpoint which is countervailing to the first avers that from now onwards cotton price will display a strong trend since stocks are low in the open markets due to the state intervention and some have even begun to store cotton on that hope.

Experts do not suggest an optimistic outlook and quote export figures from the textile and garment sector which registered US $6.705 billion in February 2009, down 55.98 percent from the previous month, and 34.83 percent from the same period last year.

Even though all countries in the world have taken measures to restore their respective economies, no remarkable results have been seen till date and cotton prices will be influenced and move up or down on signals received from these overseas economies.

Among other factors influencing cotton prices is whether China will continue to purchase cotton or sell reserved cotton or what specific initiatives China will introduce on import quota certificates, as all these factors will play decisive roles towards cotton price.

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

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 ...

Textiles | On 30th Mar 2017

Azerbaijan cotton industry created 64,000 jobs last year

Cotton industry in Azerbaijan created 64,000 jobs in 2016, and a...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

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...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> 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
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