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

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Kevin Nelson
TissueGen

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

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

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...

Sanjukta Dutta
Sanjukta's Studio

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

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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