Home / Knowledge / News / Textiles / Govt body claims cotton prices have eased
Govt body claims cotton prices have eased
Nov '10
China National Cotton Reserves Corporation recently announced that, in recent days, prices of bulk commodities, including cotton, have generally declined due to the impact of macro-control policies by the government.

The Corporation revealed that, cotton harvesting in most areas is nearing the end and seed cotton prices began to fall since Friday.

Standard grade cotton price in inland averaged at 31220 Yuan / ton on November 12, up 8.4 percent from the previous week; purchase price of seed cotton grade 3 was 13.72 Yuan / kg over the same time, up 7.4 percent and equivalent to lint price of 29,827 Yuan / ton, up 8.4 percent.

China National Cotton Reserves Corporation expects that cotton market will follow the trend of cooling in speculation, in both domestic and international markets, rational atmosphere will be strengthened, due to which, domestic cotton price may continue to decline amid adjustment.

Transportation of cotton in Xinjiang region is speeding up since early November and the daily number of wagons loaded has risen to 300, up 100 wagons, when compared with same time in the previous year. This has resulted in cotton supply increasing, leading to a cooling down of cotton prices.

The notice also pointed out that recently international cotton prices have fallen, due to the impact of several factors, including credit tightening by Chinese central bank, sharp rebound of the dollar index.

As of November 12, CIF price of imported cotton at China's main ports averaged at 172.05 cents / lb, up 3.4 percent from its previous week. The price was equivalent to 29,076 Yuan / ton of landed mill price, when being calculated at 1 percent duty, which is about 2,144 Yuan per ton lower than domestic market price.

When calculated at floating rates the landing price of imported cotton stood equivalent to 29,362 Yuan / ton of landed mill price, about 1,858 Yuan per ton lower than domestic market price.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Md Hanifur Rahman
Aman Group

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

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

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

Judy Frater
Somaiya Kala Vidya

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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