Home / Knowledge / News / Textiles / Speeding cotton sale in Henan Province troubles middlemen
Speeding cotton sale in Henan Province troubles middlemen
29
Mar '08
Starting from March 18, cotton yarn sale of Chinese textile enterprises has increased which has in turn encouraged the volume of cotton sale in Henan Province. So far, local entrepreneurs have sold about 42 tons of cotton lint.

Since prices for raw materials haven't gone up in the recent times, only textile enterprises having enough funds are willing to buy cotton so as to sell it actively later on.

While the present cost of cotton lint is 13,200 yuan per ton, the real price is 13,400 yuan per ton which means that entrepreneurs can still make a profit of 200 yuan a ton.

However, the steady sale of cotton can be a growing concern for the middlemen for whom the cost of cotton lint stands at 13,800.

Most of these middlemen have taken a loan from the Chinese Agriculture Development Bank and must therefore return 50 percent of the borrowed sum at the end of March. However, if they sell their stock at this point, they are likely to suffer a heavy loss since the current price is relatively low compared to the prices at which they were produced.

Fibre2fashion News Desk - China


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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