×
80 445
Fashion Jobs
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 40 Hours - Wrentham Village Premium Outlets - Wrentham, ma
Permanent · Wrentham
MICHAEL KORS STORES CALIFORNIA INC
Store Operations Manager
Permanent · Ontario
GAP INC
Director, Business Analysis & Insights
Permanent · San Francisco
BATH & BODY WORKS
Senior Digital Business Operations Analyst
Permanent · Reynoldsburg
MACY'S
Asset Protection Detective, Eastridge - Full Time
Permanent · San Jose
MACY'S
Asset Protection Detective, Stonebriar Centre - Part Time
Permanent · Frisco
OLD NAVY
Assistant General Manager - South Meadow Square
Permanent · Ithaca
JOCKEY
Human Resources Business Partner - Hybrid in Person
Permanent · Kenosha
NIKE
Senior Financial Analyst, Global Supply Chain Finance
Permanent · Beaverton
NIKE
North America Merchandise Manager- jd Sports/ Finish Line Men's Lifestyle Footwear
Permanent · Beaverton
NIKE
Expert Technical Recovery Consultant (Open to Remote Work, Except The Following Locations: sd, vt, And wv)
Permanent · Beaverton
NIKE
North America Merchandise Manager-Nike Direct Digital Commerce-Kids Performance Footwear
Permanent · Beaverton
NIKE
Inventory Controls Specialist
Permanent · Beaverton
NIKE
Technology Director – Consumer Creation Business Intelligence
Permanent · Beaverton
ESTÉE LAUDER
Director, Omni Education Marketing
Permanent · New York
ESTÉE LAUDER
Manager, Performance Marketing Analytics
Permanent · New York
TAPESTRY
Planner, Global Merchandise Planning
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor
Permanent · Oak Brook
DESIGNER BRANDS
Merch Vendor Compliance Analyst
Permanent · Columbus
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Spring
GAP
District Manager - Atlanta
Permanent · San Francisco
GUESS
Account Executive
Permanent · New York
By
Reuters
Published
Jul 15, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

China cotton imports drop by over a quarter in June

By
Reuters
Published
Jul 15, 2015

Chinese cotton imports dropped nearly 26 percent in June from the year before as relatively high international prices and a lack of quotas for shipments curbed appetite for overseas purchases.

The world's top consumer of the fibre imported 161,800 tonnes in June, meaning the total for the first six months of the year plunged 33 percent from the same period in 2014 to 933,900 tonnes.


Beijing has been trying to boost consumption of locally-grown cotton, with traders saying it has only issued 894,000 tonnes of import quotas this year - the minimum required under WTO commitments.

They added that most of those quotas, used by the government to protect its cotton farmers, had already been used up.

Overseas cotton is also relatively expensive, traders said.

"The price differential between domestic and international prices kept narrowing; even for mills with quota availability, imported cotton didn't look so attractive anymore," said Switzerland-based trading firm Reinhart in its weekly market report.

Chinese prices are under pressure from significant leftover commercial stocks as well as sales of state reserve cotton, which kicked off last week, adding supply to the market.

Zhengzhou futures also fell sharply following last week's stock market rout, and have hardly picked up, despite government measures to calm investors.

At the same time, purchasing by India's government-backed Cotton Corporation of India (CCI) has propped up the prices of Indian fibre, while U.S. cotton has mostly been sold out.

"As long as CCI's activity holds the global price relatively firm, I don't think import activity in China will happen in a very aggressive manner," said a trade source who declined to be identified.


 

© Thomson Reuters 2022 All rights reserved.