Home / Business / Textile Tools: Save | Print | E-mail | Most Read | Comment
Cotton yield hits record high in 2007
Adjust font size:

China's cotton yield was estimated at more than 7 million tons last year, a record high. Its growth was 4.5 percent higher than the 2006 level of 6.7 million tons, Ministry of Agriculture sources said on Thursday.

The sources estimated that land sown to cotton totaled 5.53 million hectares nationwide last year, a marginal increase of 1.72 percent on 2006.

Last year, the central government earmarked 500 million yuan (68.5 million U.S. dollars) in subsidies for purchase of improved seeds to support cotton growing. The incentive helped improve cotton production and quality, the sources said.

In the domestic market, cotton peaked at 14,438 yuan/ton and bottomed at 12,922 yuan/ton, an average of 13,424 yuan/ton in 2007, down 2.6 percent from the previous year.

In a related development, the International Cotton Advisory Committee said owing largely to slower global economic growth, world cotton consumption would tend to ebb in the 2007-2008 period.

It estimated world cotton production at 26.02 million tons, down 2.7 percent, and consumption at 27.38 million tons worldwide, up 2.98 percent. The consumption growth was lower than the rate for each of the previous three years. The gap between supply and demand was estimated at 1.36 million tons.

According to the committee, world cotton price peaked at 69.68 U.S. cents/pound and bottomed at 55.6 cents/pound, averaging 63.28 cents/pound for last year, up 10.2 percent on the previous year.

(Xinhua News Agency January 10, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Cotton exports rise 32.29%
- Slight growth expected in China's cotton yield this year
- China's largest cotton base expects major output growth
- China's cotton imports down substantially in first 10 months
Most Viewed >>
- China investigates 'contaminated eel' exporter
- 2nd west-to-east gas pipeline project launched
- Japan firms blamed for stuffed buns contamination
- Huawei down, not out, in acquisition bid on US firm
- Sinopec denies US$8.4b share sale plan

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?