Home / Knowledge / News / Textiles / Open price of cotton expected to be higher than last year
Open price of cotton expected to be higher than last year
25
Aug '09
According to experts, the climate in most of China's cotton producing areas was normal, conducive to cotton growth and development in the last few days.

At present, sporadic picking of new cotton in individual regions has started and new cotton has started arrived in markets and cotton farmers are holding expectations of selling at a higher price than last year.

After the announcement of increasing another 600,000 tons of cotton reserves for domestic auction, spot cotton prices fell under the influence. International cotton prices also fell due to weaker demand.

Last week, weather conditions in most cotton-growing areas were conducive to cotton growth and development, cotton were in flower and boll stages in many areas.

At present, cotton picking in Xinjiang, Hubei, Hebei, Shanxi, Shaanxi, Shandong has started sporadically, though harvesting in Xinjiang has been postponed to between 7-10 days, from that last year, due to cold climate.

According to the China Cotton Association, harvesting cost in Xinjiang has increased by 0.2-0.3 Yuan per kg this year and open price for new cotton will be higher than last year. Price of cotton (standard grade) is expected to be 5.6-6.0 Yuan per kg.

Currently in Turpan City, open price is at 6 Yuan per kg for seed cotton grade 2 with a lint percentage between at 39-40 percent, while open price in inland is expected to average between 5.85-6.0 Yuan per kg.

Since the production is expected to be less than last year, only a small number of private enterprises are acquiring new stocks, with the rest adopting a wait and watch attitude.

The number of buyers is expected to increase after September; since cotton from the new season will start fully flowing into the markets around mid-September.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

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...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search