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

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sugandha Bhardwaj

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

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Isabel Herranz
European School of Business & innovation

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

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Bani Batra

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search