Home / Knowledge / News / Textiles / US cotton farmers make hay, while China foots the bill
US cotton farmers make hay, while China foots the bill
Sep '10
Cotton price has increased by as much as 2,000 Yuan, in a short span of one and a half months, and now the price stands at record high of above 18,000 Yuan / ton. Analysts point out that, US cotton farmers have harvested most profits, while Chinese textile enterprises foot the bill.

In the recently conducted cotton reserves auction, when converted in to prices of grade 328 cotton, they stood at a record high of 18,398 Yuan / ton on September 1.

Along with release plan of 600,000 tons of cotton reserves, of which almost 50 percent has been completed, the country is also importing high volumes of cotton, mainly from the US.

Customs statistics reveal that China's total cotton imports reached 1.712 million tons from January to July this year, an increase of 847,000 tons year on year, representing a growth of 97.6 percent.

As of July, China's total imports in the 2009-10 cotton year, achieved 2.265 million tons, an increase of 927,000 tons or 69.4 percent year on year.

China's cotton imports are expected to grow 29 percent to 3.1 million tons in the new 2010-11 cotton season, said the Secretary-General of the International Cotton Advisory Committee (ICAC), in his latest monthly report.

The US cotton farmers stand to gain the most from increase in prices. The ICAC expects that, US cotton production will increase by 52 percent to four million tons and its cotton exports will significantly increase by 27 percent, due to which the American cotton farmers are expected to earn nearly US $10 billion more from increased exports and prices.

Fibre2fashion News Desk

Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

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

Kevin Nelson

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 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

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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

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