Home / Knowledge / News / Textiles / Spread between domestic and imported cotton widens
Spread between domestic and imported cotton widens
30
Sep '09
China's cotton price in August was influenced by slight decline in international cotton price, due to which domestic cotton price increased and the spread between domestic markets and overseas markets widened.

From the point of FOB price, the average price of international cotton when converted into domestic prices, stood at 9,679 Yuan per ton, 3,454 Yuan lower than domestic cotton price.

From the view of CIF price, average monthly price of imported cotton price index (FC Index M, equivalent to China's cotton grade 328) was 66.3 cents per lb and when converted into an after-tax price based on 1 percent tariff it touches 11,598 Yuan per ton, again, 1,535 Yuan lower than domestic price and the spread enlarged by 111 Yuan from the previous month.

When converted in to an after-tax price based on sliding tariff, the landing price of imported cotton works out to 12,863 Yuan per ton, 270 Yuan lower than domestic price. The spread has also expanded 146 Yuan from the previous month.

Fibre2fashion News Desk - China

Must ReadView All

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Ashok Desai
Bombay Textile Research Association

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search