Home / Knowledge / News / Textiles / State intervention helps stabilise cotton markets
State intervention helps stabilise cotton markets
31
Aug '09
The cotton year 2008 is nearing its end. Under the national macro-control policy, the cotton markets have stabilized from a declining trend witnessed earlier and overall market remains relatively stable.

Textile exports and production indicators of the past two months are showing improvement. Cotton imports touched 1.34 million tons, down 40.6 percent year-on-year in the period, September-July.

The Chinese cotton price index (CCIndex328) averaged at 12,839 Yuan per ton, down 12.3 percent year-on-year and cotton from the new season is going to arrive in the market in a matter of weeks.

The government announced release of another 600,000 tons of cotton reserves in August, in addition to 1.52 million tons announced in May. As of July 31, the state auctions had been able to conduct transactions amounting to 1.21 million tons.

In July, Chinese cotton price index (CCIndex328) averaged at 12,839 Yuan per ton, up 210 Yuan per ton the previous month. Zhengzhou cotton futures and other cotton markets were able to touch new highs.

The state issued 400,000 tons of cotton import quotas for processing trade. In July, cotton imports were 131,000 tons, down 22.1 percent from the previous month, and 38.2 percent year-on-year.

In July, China's cotton from new season entered into flower and boll stages, certain cotton areas saw high-temperature and dry conditions, while other areas suffered rain, little sunlight, wind, hail and other weather disasters.

According to China Cotton Association, area under cotton acreage is estimated at 77.78 million Mu (one hectare=15 Chinese Mu) this year, down 11.8 percent year-on-year, cotton production is expected to be 7.1 million tons, down 8.9 percent.

The state had intervened and purchased additional quantities of cotton from farmers in the previous year, which has enhanced the confidence of all stake holders and they generally expect the acquisition price to be between 5.20-6.00 Yuan per kg this year.

Fibre2fashion News Desk - China


Must ReadView All

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

October 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
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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