Home / Knowledge / News / Textiles / Govt may intervene if cotton prices continue to spiral
Govt may intervene if cotton prices continue to spiral
10
Jun '10
The China National Cotton Reserves Council has said that authorities are closely following the continuing trend of rising cotton prices and they will maintain stability in cotton prices by taking timely control measures.

Domestic cotton market remained strong amid steadiness last week. Standard grade cotton averaged at 17,516 Yuan / ton in inland on June 4, up 1.1 percent from the previous week. Imported cotton (M level) stood at 89.87 cents / lb (CIF Chinese ports).

The import cost is equivalent to 15,840 Yuan / ton, if calculated under 1 percent tariff, which is lower by 1,676 Yuan per ton when compared with domestic price. The spread enlarged 338 Yuan from the previous week.

The import price is equivalent to 16,257 Yuan per ton on basis of sliding tax, which is also down by 1259 Yuan per ton, when corresponded with the prevailing local price. The spread enlarged by 337 Yuan per ton from the previous week.

China National Cotton Reserves Council is of the opinion that, cotton prices will gradually return to rational level, as sustained recovery of textile industry is facing greater uncertainty and demand-pull role will be weaker in the coming days.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

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...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
May 2017

May 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