Home / Knowledge / News / Textiles / Hike in cotton prices threatens textile manufacturers
Hike in cotton prices threatens textile manufacturers
10
Nov '10
Cotton supply scarcity resulting in record price hike of the item has been threatening Chinese textile manufacturers who utilize above 40 percent of the world's cotton. Such a scarcity has sharply increased cotton and yarn prices, alarming the survival of the textile companies.

Since the commencement of trade, around 140 years ago, cotton futures traded in New York touched the highest price and in Zhengzhou it soared up to a record high. The cotton prices have soared up tremendously owing to the persisting concerns regarding production deficit in China that could be higher than the estimates.

As per the forecasts of US Department of Agriculture, the fibre production in China in the current year that started on August 1 could not fulfill the domestic consumption for a 12th straight year, reducing the country's inventories to a 16-year low. It had also estimated that this year China is expected to import 13 million bales of cotton against last year's import of 10.9 million, due to the reduction in global stockpiles.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar
Label Ritu Kumar

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

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
January 2017

January 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