Home / Knowledge / News / Textiles / Cotton prices to maintain volatility
Cotton prices to maintain volatility
24
Nov '10
Recently the Chinese Ministry of Agriculture reported that as domestic and world cotton production area continuously declines and at the same time, demand of textile industry strongly picks up, supply and demand situation is tightening, leading to cotton prices hitting record highs.

Purchase price of seed cotton grade 3 was 11.40 Yuan / kg in October, up 42.3 percent year on year. The average price of cotton grade 328 increased from 14,932 Yuan / ton in January to 24,701 Yuan/ ton in October, up 80.9 percent.

Cotlook A index climbed from 77.39 cents / lb in January to 127.48 cents/ lb in October, up 90.8 percent, to set the highest point since 2003.

With new cotton arriving into the market, international cotton prices are expected to drop slightly, however domestic prices are expected to maintain volatility at high price levels, due to strong demand.

The Ministry of Agriculture estimates that, national cotton planting area in 2010-11 season has declined to 76.851 million Mu (one hectare equals 15 Chinese Mu), down 47,900 Mu from the previous year, or a reduction of 0.06 percent.

Overall output will be unchanged or slightly reduced from the previous year. Imports will substantially increase. China's total cotton imports reached 2.1525 million tons in the first three quarters of 2010, an increase of 99.7 percent year on year.

According to the latest survey by the monitoring system of national cotton market on November 19, national cotton-growing area is 75.682 million Mu this year, a decrease of 1.1 percent year on year; cotton yield is 84.0 kg / Mu, down 4.4 percent year on year; total output is expected to be 6.36 million tons, down 5.5 percent year on year.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Rajiv Sirohi
Shara

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

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

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

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 ...

Wendell Rodricks
Wendell Rodricks

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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