Home / Knowledge / News / Textiles / Good amount of cotton stocks in markets – Experts
Good amount of cotton stocks in markets – Experts
12
Jun '09
Considering the weak response the state reserves auction is receiving from the textile sector, industry experts are of the opinion that there seems to be a good amount of cotton floating in the markets along with good inventories with the mills.

The National Development and Reform Commission (NDRC) had announced release of an additional 1.523 million tons of national cotton reserves to meet the needs of textile enterprises in order to ensure supply and stabilize cotton market.

But experts are of the opinion that, the state should have released the national cotton reserves earlier to prevent cotton prices from increasing too high, which would have not put pressure on the production costs of the textile mills.

In order to prevent cotton prices from continued fall and protect interests of farmers, the state had procured 2.7 million tons of cotton in this year, which has greatly helped stabilize cotton prices in the markets.

This had helped the prices to rise from the lowest level of 9500 Yuan per ton last year to current level of 13,000 Yuan per ton. In May, NDRC decided to release 1.5 million tons of national cotton reserves into the market.

However, since the release, both trade volume and market price have been declining in recent days and auction bid for 2008 National Reserves (standard grade) has lowered from 12,900 Yuan per ton to 12,600 Yuan per ton

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

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

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

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