Home / Knowledge / News / Textiles / Reduce share of cotton – textile body advises spinners
Reduce share of cotton – textile body advises spinners
Sep '10
The China Cotton Textile Association had organized an informal discussion recently in Beijing by convening relevant leaders from more than 20 key enterprises and the National Development and Reform Commission, Ministry of Industry and Information Technology in view of current trend of rising cotton prices.

The association advised companies to pay close attention to changes in the domestic cotton production and textile situation, make a calm analysis and then prepare a rational response. The Association also suggested companies not to follow baseless speculations and meanwhile they should guard against operational risks.

Prices of cotton futures, e-match market, state cotton reserves auction and cotton spot have increased sharply since September. Purchase prices of new cotton and seed cotton are over 8 Yuan / kg, New York futures price has also reached the highest level in last 15 years.

Participants generally agreed that cotton production this year may be a slightly lower than last year, subject to weather and natural disasters and quality may also be affected. Current situation of textile industry has improved considerably in 2010, when compared with the same period of 2009 and expects that demand in the New Year will continue to increase.

Honorary President of China Textile Industry Association Wen-Ying Xu emphasized that the demand and supply of cotton will worsen if there is a sharp drop in cotton production. He said that, new cotton will come into the market in large quantities shortly and that enterprises should not get into a panic mode of buying.

He advised the cotton textile producers not to follow the trend of speculation, but should guard against market risks. He also called on cotton spinning enterprise to reduce the proportion of cotton consumption, in order that, they do not face any supply-demand challenges in the coming months.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner

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

Ritu Kumar
Label Ritu Kumar

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

Madhu Jain
Madhu Jain

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

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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