Home / Knowledge / News / Textiles / Rising cotton prices spell trouble for textile sector
Rising cotton prices spell trouble for textile sector
29
Sep '10
Recently, cotton prices have quickly and crazily increased from 17,000 Yuan to 20,000 Yuan, up 20 percent in four days, which adds tremendous cost pressure to textile industry. Experts say that this means trouble time for the textile industry again.

Senior advisor Li Xuerong from the China Investment Corporation says that, cotton prices have been rising since last year, the main reason attributed to imbalance between supply and demand.

In addition, market speculation is also one of the factors boosting cotton prices. Some cotton traders with financial strength and experience have begun to hoard cotton, grab cotton and speculate in cotton.

The persistent contradiction between supply and demand makes the characteristics of long duration and large range of current rise in cotton price, which has not yet seen its peak, but, will bring a heavy burden onto textile and garment industry.

“The Investment Analysis and Forecast Report on China's textile industry in 2010-15” released by China Investment Corporation shows that cotton price bottomed out in September last year.

Prices of standard cotton increased from over 9000 Yuan / ton at that time to climb to heady levels of 20,000 Yuan / ton in present times.

Cotton yarn price too have risen sharply. Price of carded cotton yarn 32s is now at 25,200 Yuan / ton, an increase of 33 percent compared with 18,900 Yuan / ton in October last year.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Amrit Sethia
SOIE

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

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

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

Madhu Jain
Madhu Jain

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

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
Sustainability?

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

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

Yes No

Active Poll

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

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

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

Active Poll

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

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X