Home / Knowledge / News / Textiles / Cotton prices on upward spiral
Cotton prices on upward spiral
19
Nov '09
Domestic cotton price in China rose in October, due to news of low cotton output in current cotton year and more so due to delayed delivery of new cotton into the market. In October, average price of standard grade was 13,715 Yuan per ton, up 687 Yuan per ton, or 5.3 percent, from the previous month.

November contract of Zhengzhou cotton futures stood at 13,956 Yuan per ton in October, up 636 Yuan per ton or 4.8 percent from the previous month. November contract in national cotton trading market averaged at 14,237 Yuan per ton.

International cotton prices rose sharply, as the US dollar index continued to decline in October, coupled with severe weather occurring in some US cotton areas.

In October, December contract of New York cotton futures averaged at 65.63 cents per lb, up 3.59 cents per lb or 5.8 percent from the previous month and CIF price at major ports in Asia was 68.40 cents per lb, up 4.61 cents or 7.2 percent from the previous month.

The import landing price when converted into Chinese currency and when being calculated on base of 1 percent tariff stood at 12,074 Yuan per ton, 1,641 Yuan per ton lower than China's domestic market price.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X