Home / Knowledge / News / Textiles / China to buy 5 lakh bales of cotton from India
China to buy 5 lakh bales of cotton from India
21
Jun '18
China to buy 5 lakh bales of cotton from India
China has reportedly signed contracts for 5 lakh bales of cotton from India for the new cotton season. As the country has announced an additional quota of 48 lakh bales, whose procurement may start from July 1, India may benefit by at least selling 10-15 per cent of that quantity, according to industry sources. China’s buffer stocks began depleting from 2015.

According to traders, China is likely to import at least 20 lakh bales from India. India’s cotton season starts from October.

Since Indian prices are the cheapest in international market, China will also look towards India for cotton, said Arun Sekhsaria, managing director, DD Cotton, a major international cotton exporter. Shipments are expected to leave from India in November-December, a leading Indian business daily quoted Sekhsaria as saying.

China generally has a buffer stock of around 120-150 lakh tonnes that is likely to reduce to 25-40 lakh tonnes by August this year and therefore, it has started building up stocks, he said.

Indian exporters generally start selling new season cotton from August end after estimating the nation’s crop output, but robust demand from China and higher prices have prompted them to sign deals in advance, according to industry experts. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

British luxury brands eye US market post Brexit

Fashion | On 13th Nov 2018

British luxury brands eye US market post Brexit

British luxury brands are exploring the US market to forge new and...

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Apparel/Garments | On 13th Nov 2018

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Foreign direct investments (FDI) in Myanmar will be hit if the...

UK parliament panel asks fast fashion firms for answers

Apparel/Garments | On 13th Nov 2018

UK parliament panel asks fast fashion firms for answers

The Environmental Audit Committee in the United Kingdom has called on ...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

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

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search