Home / Knowledge / News / Textiles / Imports of cotton witness double-digit decline

Imports of cotton witness double-digit decline

24
Nov '08
China National Development and Reform Commission announced that in October, cotton purchase and sale prices continued to decline and at the same time international cotton price also slumped. Imports of cotton also witnessed a decline as textile production and export growth continued to slow down.

Since textile exports were poor and cotton import cost based on floating import tariff was higher, October cotton imports dropped by more than a quarter showing a decline of nearly 30 percent year-on-year. In the first ten months of this year, China imported a total amount of 1.866 million tons cotton, a decrease of almost 170,000 tons from the same time last year.

Growth rates in yarn output and textile and garment exports over the same period also slowed down. Of which, yarn production growth rate declined by 9 percent year-on-year while on the other hand growth rate of exports of textile and garment dropped by 11.5 percent year-on-year.

In October, prices of cotton yarn and polyester staple fiber in China's domestic market continued to fall. The commission said that in October, acquisition price of grade 3 seed cotton declined by an average of 6.1 percent from the previous month. This drop was as high as 5.5 percent in Xinjiang. Average landed mill prices of standard lint and average cotton futures prices dropped more than Yuan 680 from the previous month.

Fibre2fashion News Desk - China


Interviews View All

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Sham Shah,

Sham Shah

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

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search