Home / Knowledge / News / Textiles / Cotton import quotas, a suspense

Cotton import quotas, a suspense

Feb '07
The annual import quota release is the most affecting moment to cotton spinning enterprises. Although China achieved good cotton harvest in 2006, rigid demand gap still makes import quota very important, particularly, when there is greater price difference between local growth and overseas cotton.

How big will be the cotton shortfall in the current year? It still has no precise figures, but cotton consumption could be roughly estimated. In 2006 China's yarn output reached 17.4 million tons, representing a growth rate of over 20 percent.

Facing trade frictions, lowered export tax rebate rate, RMB revaluation and other unfavorable factors, the growth rate is expected to fall in 2007.

Based on conservative estimates of 10 percent growth rate in 2007, yarn production will be more than 19 million tons, so cotton usage will be more than 12.5 million tons. Though final inventories are yet to be determined, compared with 6.7 million tons of cotton output in 2006, supply-demand gap is bound to exist.

Cotton import quota release this year is later than last year. The additional 1.5 million tons of preferential tariff quotas issued in January last year effectively stabilized cotton prices. Since the release of 894,000 tons of tariff quotas, it has not been any fresh movement.

In an analysis meeting of cotton situation recently held, the State Development and Reform Commission officials said, there has not a clear-cut plan yet as when torelease additional cotton import quotas for the New Year, at present, it would not be considered until March.

Fibre2fashion, News Desk - China

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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


Leave your Comments

September 2021

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

Advanced Search