Home / Knowledge / News / Textiles / Profits begin to thin for Xinjiang cotton growers
Profits begin to thin for Xinjiang cotton growers
17
Feb '14
Profits have begun to thin for farmers growing cotton in China’s Xinjiang region, according to a recent survey carried out by the Xinjiang Uygur Autonomous Region Development and Reform Commission.
 
For 20 consecutive years, Xinjiang has produced the largest quantity of cotton in China, and farmers have gained considerably from the crop. But, the recent survey shows that with the rise in production costs, the profit margins of farmers have started to dip.
 
In 2013, the average per acre cost of producing cotton in Xinjiang was 2,115.25 yuan, showing an increase of 325.19 yuan or 18.17 percent year-on-year. Accordingly, the net profit decreased by 21.36 percent year-on-year to 530.27 yuan per mu (1 mu = 0.067 hectares).
 
The decrease in net profit was despite an increase in average selling price by 12.32 percent year-on-year to 1,003.16 yuan per 50 kg.
 
According to analysts, the substantial increase in costs of production has led to a decline in income for cotton farmers in Xinjiang.
 
Hence, in order to stabilize cotton production, Xinjiang cotton growers need to increase their scale of operation and embrace mechanization.
 
In 2013, more than 500 million mu of area under cotton was mechanically harvested by Corps, accounting for more than 50 percent of cotton acreage, but the remaining area still relies on manual picking of cotton.
 
Xinjiang is a major cotton production base in China with high-quality cotton producing areas. The region accounts for one-third of China’s total cotton acreage, but it contributes only one-sixth of national output.
 

Fibre2fashion News Desk - India


Interviews View All

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

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

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

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

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search