Home / Knowledge / News / Textiles / Cotton import sources witness major changes in July
Cotton import sources witness major changes in July
20
Aug '09
The 2008 international cotton season has ended and as per statistics, China imported 1.524 million tons of cotton in total, representing a 39 percent decline from the previous year and in July it imported 131,400 tons, down 22.1 percent from the previous month.

The July figure is also down by 38.2 percent year-on-year. The import value in the same month touched US $177 million, down 15.9 percent from the previous month and 50.9 percent year-on-year.

Average price of cotton imports in July continued to rise and average import price stood at $1,346 per ton, up 7.9 percent from the previous month, but down 20.6 percent year-on-year.

In the period September-July, China's total cotton imports reached 1.337 million tons, down 40.6 percent year-on-year and the average import price stood at $1,406 per ton, down 12.4 percent year-on-year.

Sources of imports witnessed major changes in July. Proportion of imports from the United States significantly decreased, while imports from India picked up significantly and imports from Australia and Africa also continued to increase.

In July, cotton imports from the United States were 39,400 tons, a significant reduction of 53.2 percent from the previous month, accounting for 30 percent of China's total imports. Imports from India increased to 28,400 tons, representing an increase of 1.4 times from June and represented 21.6 percent of China's total cotton imports.

Imports from Australia were 15,700 tons, representing an 8 percent growth from June, and accounting for 11.9 percent of cotton imports. From average import prices of major countries, prices from most countries rose sharply from that in June.

Import prices from the US in July were $1,405 per ton and also grew the highest amongst all suppliers in rising by $167 per ton from June. Price from Uzbekistan was still the lowest price at $1,246 per ton, up $92 per ton from June and those from India averaged at US $1,327 per ton, up $81 per ton from June.

From quotas, July imports outside tariff quotas registered 12,600 tons under temporary floating tariff, accounting for 9.6 percent of total imports. Imports within quotas formed 87 percent, while import outside quotas took a share of 3.4 percent of China's total imports.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 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