Home / Knowledge / News / Textiles / 77% of cotton imports in September emanate from US
77% of cotton imports in September emanate from US
27
Oct '08
In September, China's cotton crop reached its zenith as most parts of the country saw fine weather, ample light and heat, which were helpful to cotton maturation and harvesting. According to the survey by China Cotton Association, total output of this year is expected to reach 7,795,000 tons, basically a flat growth rate when compared with that of last year.

According to China Cotton Association, as of September 30, the average harvesting progress of cotton among surveyed farmers was 46.3 percent, basically the same as in the corresponding period of last year.

However, farmers did not want to sell their harvest due to increased cotton production costs and a decline in cotton prices with the average price for the whole month standing at just 5.43 Yuan per kg, down 0.34 Yuan, or 6 percent from the same time last year.

Cotton processing enterprises seem to have lost confidence and they were also delaying purchases which has resulted in a stalemate between growers and textile mills. According to the Association, among surveyed enterprises in September, 65 percent of the enterprises had not started their normal cotton purchases.

The average purchasing price of raw cotton by cotton processing units stood at 5.54 Yuan per kg, a year-on-year decline of 4 percent. China cotton price index (CC Index328) also fell by 618 Yuan per ton in September. The accumulated drop since July reached 1000 Yuan considering the drop of September.

Average price of cotton was 13,177 Yuan per ton in September, down by 408 Yuan per ton from August. Cotton imports in September came to 129,000 tons, a substantial decline from the previous month and the same period of last year.

U.S. cotton accounted for 77 percent of the total imports. There was not much difference in price of imported and domestic cotton as price drop in domestic cotton was higher than that of decline in international cotton prices.

To stabilize the domestic cotton market and protect the interests of cotton growers, the state decided to purchase cotton from farmers of Xinjiang province which grows the biggest cotton crop in China on October 21, 2008.

In the first phase, the state will purchase 220,000 tons of cotton at a uniform price of 12,600 Yuan per ton. The state will gradually increase purchase volumes depending on the situation in a timely manner.

Fibre2fashion News Desk - China


Must ReadView All

UK publishes temporary tariff regime for no-deal Brexit

Apparel/Garments | On 19th Mar 2019

UK publishes temporary tariff regime for no-deal Brexit

The United Kingdom will avoid imposing tariffs on most imported goods ...

Pic: UN Environment

Apparel/Garments | On 19th Mar 2019

UN Alliance for Sustainable Fashion addresses fast fashion

The UN Alliance for Sustainable Fashion, launched recently at the UN...

Cotton arrival at Pak ginneries down 6.84% as on March 15

Textiles | On 19th Mar 2019

Cotton arrival at Pak ginneries down 6.84% as on March 15

Over 10.762 million bales of cotton have arrived in 2018-19 season at ...

Interviews View All

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Iacopo Pardini,

Iacopo Pardini

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

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

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 ...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


March 2019

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

news category


Related Categories:

Advanced Search