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

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Poojaa Kumar Deepak
Zeven

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

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mohammad Hassan
Biax Fiberfilm

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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