Home / Knowledge / News / Textiles / Cotton production contracts owing to inflation

Cotton production contracts owing to inflation

05
Jun '08
China Cotton Association along with other organizations recently held 2008 Forum in Hangzhou city, to discuss about the Development of Chinese Cotton Industry. The decreased cotton output of domestic industry has made international cotton dealers worried.

The textile industry has undergone rapid development in recent times making China the biggest consumer and importer of cotton in the world. However, many factors like RMB appreciation and rising cost of production, has affected the growth. As a result, the import quantity of cotton has gradually gone down. It is estimated that, China will import nearly 2.60 million tons of cotton from September 2007 to August 2008.

From September 2007 to March 2008, China imported almost 1.323 million tons of cotton. Of the total, nation's demand from India accounted for 37.9 percent, making it first among global suppliers, second in the list is American that accounted for 34.9 percent.

It is for the first time that Indian cotton had the biggest share in Chinese market, as this cotton was about US $0.03 dollars per pound cheaper than American ones in terms of price.

Fibre2fashion News Desk - China


Interviews View All

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

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

Erwin Devloo,

Erwin Devloo

Picanol develops, produces and markets high-tech weaving machines, based...

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

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

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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.

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search