>>
Home / Knowledge / News / Textiles / State to release additional cotton for auction

State to release additional cotton for auction

19
Aug '09
The National Development and Reform Commission (NDRC) has decided to release another 600,000 tons of cotton reserves to domestic market prior to new cotton arriving in the market.

Of this, 500,000 tons will be from 2008 cotton reserves and the auction contract price will be 12,600 Yuan per ton. The state had targeted to release 1.52 million tons of cotton of which 92 percent of the same has been auctioned.

The amount of 600,000 tons is close to one-month consumption of textile enterprises, so this additional release is to ensure adequate cotton supplies, before new cotton starts arriving in the market in mid-September.

According to the China Cotton Information Network, domestic cotton enterprises held 900,000 tons of commercial cotton stocks in July. With the additional 600,000 tons of cotton reserves, supply and demand situation will be balanced in the market.

Market demand in 2008 cotton year (September 2008 - August 2009) is estimated at about 8.5 million tons. Under the impact of release of cotton reserves, standard class cotton prices are expected to be in range of 13,000 Yuan per ton.

Market sources also suggest that, NDRC may also release 400,000 tons of cotton quotas under floating tariffs after the release of 600,000 tons in order to open import channel and meet the demand in domestic markets.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Henry Krause,

Henry Krause

<font color="#333333" face="Arial, sans-serif">Polygiene is a market...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

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

ESTEEMED CLIENTS

Calvin Klein
Walmart
Chori Company Limited
Guess Europe Sagl,
Boardriders Asia Sourcing Limited
Alison Hayes Romania
PVH Corporation
Cat Tuong Real Estate Group Joint Stock Company
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Aquarelle Clothing Limited
Lifestyle
Amazon China
The Top Form Brassiere Manufacturing Company Limited
Bluestem Global Sourcing Limited
Chico’ FAS
Splash
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Groz-Beckert East Asia LLP
Sportswear Company Spa
Asos
Varner AS Retail
Gloria Jeans
Tommy Hilfiger
OVS Hong Kong Sourcing Ltd.
THE BOMBAY DYEING ;& MFG.CO. LTD
Brandix Lanka Limited
IKEA of Sweden AB
Aramark Uniform ;& Career Apparel, LLC
Tory Burch Hong Kong Ltd
BIMBA ;& LOLA SL
H;&M Hennes ;& Mauritz (Far East) Ltd
Green Fibre
BIANCA
Vianney Textil Hogar S.A. De C.V.
Restoque S.A.
Sateri (Jiujiang) Fiber Co.,Ltd
Tchibo GmbH
Desigual - ABASIC, S.A.
Alix Partners
International Textile Manufacturers Federation
G-Star Raw C.V.
Seasalt Limited
Lisa S.P.A.
Lacoste (Wanchai)
Maceton Limited
KAS Direct Sourcing
LC Waikiki
Grasim Industries Limited
Permoda(Koaj/Armi/Pronto/Bkul)
IDH – The Sustainable Trade Initiative
Target Corporation (MN)
Hirdaramani International Export Private Limited
MAS Active / MAS Kreeda / MAS Bodyline
Abit
Lululemon Athletica Inc
C;&A Sourcing International Ltd
The LYCRA Company Singapore  Pte. Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Vardhman Textile Ltd
Gatsby Africa
John Varvatos
Recron Polyester from Reliance Industries Limited
Midas Clothing Limited
Page Industries Limited (Bangalore)
NITI Aayog
Rayonese Textile Inc., Division de Culp Inc.
Esprit Europe Services GmbH
Eastman Chemical Company
Hela Clothing Pvt Ltd
Arvind Limited
T.T. Limited
TESCO INTERNATIONAL SOURCING LIMITED
Landmark Group
Under Armour Global Sourcing Ltd
Reiter India Private Limited
Decathlon
Truetzschler India Private Limited
J ;& P Coats
Gokaldas Exports Limited
Helly Hansen Far East Ltd
Gap International Sourcing Limited
SHAHI Exports Pvt Ltd
Huntsman (Singapore) Pte Ltd
Babyshop
SYNERGIES HONG KONG LIMITED
Puma
Sportmaster Ltd.
Lenzing Aktiengesellschaft
Benetton Group
Rosset ;& Cia Limited

January 2022

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


Advanced Search