Home / Knowledge / News / Textiles / Cotton import quotas may be increased in 2009
Cotton import quotas may be increased in 2009
12
Aug '09
According to information available from the Chinese textile industry, the government is contemplating importing cotton by raising quotas on the same.

This is being done, due to the fact that despite releasing cotton from the state reserves, the shortage of cotton in the open markets continues.

Since China is the biggest consumer of cotton in the world, this step may help boost global cotton prices in the long run.

The country had issued cotton import licenses for 894,000 tons of cotton at the beginning of the year and a further 400,000 tons only to textile export companies.

According to the National Development and Reform Commission, imports fell by nearly 40 percent in the first six months of the year.

The government has been able to auction about 1.16 million tons of cotton against the planned 1.52 million tons since the auctioning began in late May.

To help the cotton farmers, the state had purchased 2.7 million tons in the previous cotton year in a bid to stall falling prices of the white gold.

According to estimates made by the Cotton Association, production of cotton is expected to dip in the new cotton year to 7.5 million tons from 7.8 million tons last year.

The low inventory levels of cotton with processing enterprises have become a matter of concern for one and all, including the government.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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