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Textile exports dip in traditional off-season month
15
Oct '10
Textile industry sank in to a traditional off-season mode in the month of August, due to which textile export growth slowed down.

Export value of textile and garment registered US $20.1 billion in August, a decline of 3.1 percent from the previous month, but representing an increase of 28.3 percent from a year ago.

The spinning sector reached a yield of 2.47 million tons, up 7.1 percent from the previous month and an increase of 15.3 percent year on year.

The average price of China Cotton Index (CC Index328 level) stood at 18,124 Yuan / ton in August, down 1.1 percent compared with July.

Authorities decided to increase 400,000 tons of cotton reserves to the market by the end of September, in order to meet demand in the market.

Fibre2fashion News Desk - China

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