Home / Knowledge / News / Textiles / Cotton reserves auction picks pace
Cotton reserves auction picks pace
25
Jun '09
In the previous week (June 15-20), a total of 162,404 tons was sold under the auction plan for cotton reserves, up 29 percent from the previous week, of which, 2003 crop accounted for 49 percent and 2008 crop formed 51 percent.

The daily weighted average price ranged from 12,492 Yuan per ton to 12,705 Yuan per ton, up about 150 Yuan per ton from the previous week. Impacted by significant increases in U.S dollar, global cotton market prices fell substantially in the same period.

As a result of increased quantity, competitive bid among enterprises was fierce. As of June 19, the total cotton reserves sold was 296,032 tons, of which 2003 crop and 2008 crop accounted for 45 percent and 55 percent, respectively.

FC Index (Chinese cotton import price index) marked 62.35 cents per lb on June 19, which stands at 10,907 Yuan per ton when calculated under 1 percent tariff (for tariff quotas).

When calculated under floating tariff (for imports outside tariff quotas) the price stood at 12,529 Yuan per ton which is 256 Yuan per ton lower than domestic market price.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Johan Berlin
InvestKonsult Sweden AB

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
May 2017

May 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