Home / Knowledge / News / Textiles / Cotton stock swells as demand shrinks
Cotton stock swells as demand shrinks
05
Jun '08
By the end of May, Xinjiang Cotton Group, the largest cotton enterprise in Xinjiang, held nearly 100,000 tons of stock. This situation is not restricted to this particular Group; at present there is around one million tons of stock in Xinjiang waiting to be sold, forming a proportion of 45.5 percent of the total acquisition.

According to Xinjiang Cotton Association, in the year 2007-08, supply and marketing system of Agricultural Construction Corps and other channels, purchased nearly 2.2 million tons of lint. As a result, the sale was down 20 percent from the same time last year.

Experts believe that, Renminbi appreciation, monetary tightening and lowered export rebate rates have made a negative impact on textile companies, which has directly affect the cotton sales in the region.

At present, domestic textile units are updating themselves in terms of technology and production, thus, ordinary yarns are upgraded into high-density yarns. This is one of the reason for reduced cotton consumption.

Recently, the industrial stocks of domestic textile companies has been lowered to 15 days from 50 days in the past and operate production by 'from hand to mouth' purchasing policy.

To add further woes, the imported foreign cotton is in low price level, and therefore, cotton enterprises in Xinjiang face increasing business risks.

Fibre2fashion News desk - China


Must ReadView All

US holiday retail sales grew 2.9% to $707.5 bn in 2018

Apparel/Garments | On 19th Feb 2019

US holiday retail sales grew 2.9% to $707.5 bn in 2018

Holiday retail sales during 2018 in US grew a lower-than-expected 2.9 ...

Courtesy: Medio banca

Fashion | On 19th Feb 2019

6.6% average annual sales growth in Italy's fashion sector

The Italian fashion sector accounted for 1.3 per cent of its economy...

Boosting yarn production can revitalise Bangla silk sector

Textiles | On 19th Feb 2019

Boosting yarn production can revitalise Bangla silk sector

Boosting yarn production in Bangladesh could help revitalise the silk ...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


February 2019

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

news category


Related Categories:

Advanced Search