Home / Knowledge / News / Textiles / Cotton price rises with plunging imports

Cotton price rises with plunging imports

25
Jun '07
According to the sample survey of state cotton monitoring system, based on estimates, national cotton output stands at 6.73 million tons, harvesting progress at 99.4 percent, delivery pace at 96.42 percent.

As of June 13 statistics, state has purchased 6.45 million tons of cotton in total, an increase of around 17.7 percent on year. Ginned cotton reached 6.38 million tons, a boost of over 20 percent.

Sale figures of cotton touches 5.60 million tons, with a rise of 52.2 percent, plus 30 tons cotton purchased from Xinjing, the national cotton trades are projected at 5.9 million tons, 14,000 tons higher than June 7. As of May 2007, the national inventory at industry and commercial levels amounted to 1.98 million tons.

Cotton imports during the current year have dropped substantially. According to customs statistics, from August 2006 to May 2007, China imported 1.82 million tons. Monthly average was less than 200,000 tons, a drop of 48.4 percent on year.

According to June forecast by USDA, during the current fiscal year 2006-07 (from September 2006 to August 2007), China's total cotton imports will be about 2.558 million tons, which is around 1.8 million tons lower than the forecast of August 2006, a decrease of 41 percent.

From June 8 to 14, 2007, domestic cotton price rose substantially, the average price of cotton 328 grade stood at 13,212 yuan per ton, hiking 136 yuan per ton, or 1.04 percent, compared with June 7.

Fibre2fashion News Desk - China


Must ReadView All

Pic: ADB

Textiles | On 22nd Sep 2021

ADB trims developing Asia 2021 growth outlook to 7.1%

The Asian Development Bank (ADB) lowered its 2021 economic growth...

Pic: Shutterstock

Textiles | On 22nd Sep 2021

Mexican cotton outlook seems promising in MY 2021-22: TexPro

Mexican cotton outlook has been improving gradually due to...

Pic: Shutterstock

Apparel/Garments | On 22nd Sep 2021

Bangladesh RMG exporters fear losses due to problems at airport

Apparel exporters in Bangladesh are expecting significant losses for...

Interviews View All

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Harleen Kaur,

Harleen Kaur

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

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

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


September 2021

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


Advanced Search