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

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

RBI Governor Urjit Patel and other officials addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

RBI withdraws the incremental CRR from Dec 10

The Reserve Bank of India (RBI) has decided to withdraw the...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search