Home / Knowledge / News / Textiles / Chinese cotton futures surge on short cotton supply
Chinese cotton futures surge on short cotton supply
23
Oct '10
Cotton futures in China surged to a record high, due to the apprehension that dipping local as well as global cotton output will aggravate the shortage in the supply of cotton.

Futures increased by 0.8 percent to to as high as 25,200 Yuan per metric ton. New York December cotton futures increased for the third day, rising 1.1 percent to $1.17 per pound.

China is expected to produce 550,000 metric tons less cotton than the earlier prediction made for the year. Cotton yield will drop down to 6.4 million tons from the previous year's 6.95 million tons. The global cotton production is expected to be 96,000 tons less than the formerly predicted 25.06 million tons.

Ever since the cotton trade started about 140 years ago, it was on 15th October that the cotton futures had touched the highest level of $1.198 in New York cotton futures market.

The government of China has already sold all the cotton left with it by 20th October. As a result no more government stock of cotton is available with China.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

Digital technology to accelerate Indian business growth

Indian business will benefit much by going digital, according to a...

Textiles | On 27th Mar 2017

Raymond to buy 98,000 metres khadi fabric from KVIC

Raymond, leading Indian fashion retailer, has ordered 98,000 metres...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Eamonn Tighe
Nature Works LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra
Huemn

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search