Shift in China's import policy.....The Financial
11/19/2014 Shift in China’s import policy, global glut to hit domestic cotton market | The Financial Express 19-Nov-2014 (10:19 AM) Nifty : 8417.60 -0.1 SENSEX -11.45 28151.84 HOME (/) (-0.04%) ACC : 1483.70 -0.22 NIFTY 8417.60 Ambuja Cement : 226.75 0.07 -8.30 GOLD (MCX) 252.00 (-0.10%) 26562.00 (0.96%) Asian Paints : 694.65 -0.89 USD 61.94 Axis Bank : 469.50 -0.95NSEBajaj BSEAuto : 2675.95 0.10 GBPINR -0.20 (0.17%) 96.68 (-0.21%) COMMODITIES Shift in China’s import policy, global glut to hit domestic cotton market November 18, 2014 2:45 am IN THE NEWS (http://www.financialexpress.com/article/lifestyle/health/manfrom-rajasthan-shows-ebola-like-symptoms/) Man from Rajasthan shows Ebola-like symptoms (http://www.financialexpress.com/article/lifestyle/health/manfrom-rajasthan-shows-ebola-likesymptoms/) (http://www.financialexpress.com/article/economy/globalslavery-index-the-india-story/) (http://www.addthis.com/bookmark.php?v=300&winname=addthis&pub=pranjal26&source=tbx32-300&lng=enGlobal Slavery Index: The India Story (http://www.financialexpress.com/article/economy/globalUS&s=google_plusone_share&url=http%3A%2F%2Fwww.financialexpress.com%2Farticle%2Fmarkets%2Fcommodities%2Fshift-in-chinas-import-policy-global-glut-to-hit-domestic-cottonslavery-index-the-india-story/) market%2F&title=Shift%20in%20China%E2%80%99s%20import%20policy%2C%20global%20glut%20to%20hit%20domestic%20cotton%20market%20%7C%20The%20Financial%20Express&ate=ATpranjal26/-/-/546c2441b10582dc/2&frommenu=1&uid=546c24410c47743e&ct=1&tt=0&captcha_provider=nucaptcha) (http://www.addthis.com/bookmark.php?v=300&winname=addthis&pub=pranjal26&source=tbx32-300&lng=enUS&s=reddit&url=http%3A%2F%2Fwww.financialexpress.com%2Farticle%2Fmarkets%2Fcommodities%2Fshift-in-chinas-import-policy-global-glut-to-hit-domestic-cottonTODAY´S PAPER (../TODAYS-PAPER/) market%2F&title=Shift%20in%20China%E2%80%99s%20import%20policy%2C%20global%20glut%20to%20hit%20domestic%20cotton%20market%20%7C%20The%20Financial%20Express&ate=ATpranjal26/-/-/546c2441b10582dc/3&frommenu=1&uid=546c24417b27daef&ct=1&tt=0&captcha_provider=nucaptcha) DoT plans 2-stage bid, prices to hit the roof (http://www.addthis.com/bookmark.php?v=300&winname=addthis&pub=pranjal26&source=tbx32-300&lng=en(http://www.financialexpress.com/article/economy/dotUS&s=linkedin&url=http%3A%2F%2Fwww.financialexpress.com%2Farticle%2Fmarkets%2Fcommodities%2Fshift-in-chinas-import-policy-global-glut-to-hit-domestic-cottonplans-2-stage-bid-prices-to-hit-the-roof/) market%2F&title=Shift%20in%20China%E2%80%99s%20import%20policy%2C%20global%20glut%20to%20hit%20domestic%20cotton%20market%20%7C%20The%20Financial%20Express&ate=ATAfter Vodafone, Bombay HC strikes down tax pranjal26/-/-/546c2441b10582dc/4&frommenu=1&uid=546c24417e337d99&ct=1&tt=0&captcha_provider=nucaptcha) 0 SUMMARY To boost demand for domestic cotton, China, the world’s top consumer of cotton, will slash its import quotas for 2015. Other Articles A sudden shift in Chinese import quota system coupled Editorial: Golden cures with a glut in the international (http://www.financialexpress.com/article/markets/commodities/editorial- market will have an impact demand on Shell too (http://www.financialexpress.com/article/industry/companies/aftervodafone-bombay-hc-strikes-down-tax-demandon-shell-too/) Infosys BPO CFO sacked for ‘failing to comply with the company’s code of conduct’ (http://www.financialexpress.com/article/industry/companies/infosysbpo-cfo-sacked-for-failing-to-comply-with-thecompanys-code-of-conduct/) which has already gone below the MSP, will slide further The next ad frontier: Brain scans, eye sensors (http://www.financialexpress.com/article/industry/thenext-ad-frontier-brain-scans-eye-sensors/) Maharashtra mills to with an expected bumper crop in the current harvesting seek relief package from season. Consequently, the yarn prices, too, is expected to Centre (http://www.financialexpress.com/article/markets/commodities/mahacome under pricing pressure. mills-to-seek-reliefpackage-from-centre/) RIL seeks 1-year extension for developing CBM blocks in MP (http://www.financialexpress.com/article/economy/rilseeks-1-year-extension-for-developing-cbmblocks-in-mp/) golden-cures/) on the Indian cotton market. The domestic cotton price, Currently, the demand for cotton from domestic yarn mills Sluggish demand likely to is on the lower side on account of the higher domestic weaken coconut oil cotton price as compared with international prices, prices (http://www.financialexpress.com/article/markets/commodities/sluggishcoupled with lack of quality cotton worth spinning as well demand-likely-toas existing high inventory with yarn mills, said a study weaken-coconut-oildone by Care Ratings. prices/) GALLERIES (/PICTURE-GALLERYSECTION/BUSINESS-GALLERY/) Further, the demand for cotton in international market is sliding, which can be largely linked to China’s new cotton policy, as China constitutes about 60% of the India’s cotton exports. Cotton export from India is estimated to fall from high of 11 million bales in 2013-14 to 6-7 million bales in 2014-15. To boost demand for domestic cotton, China, the world’s top consumer of cotton, will slash its import quotas for 2015. China will provide import quotas next year only for the 894,000 tonne that it is required to offer at low duties under commitments with the World Trade Organization (WTO) and no additional quota would be made available as it was made previously. Non-quota imports are subject to a 40% tariff, so the restricted availability of import quotas will dampen Chinese demand for foreign cotton and the same will hurt Indian exports, said the study. The Chinese government will also end the three-year- long programme to stockpile domestic cotton to support local growers and instead offer subsidies direct to farmers. As the Chinese government offloads its three year reserve stock of cotton, mills will get access to cheaper cotton from the local market and the same will reduce their dependence on imports. So, China is unlikely to be an aggressive buyer this year and its imports are expected to decline significantly. Over the past few years, India has achieved significant growth in cotton India's Foreign Trade, 3 important tips to FDI in Construction improve financial health Development, BSE (http://www.financialexpress.com/photos/businessSensex, Nifty, Gold gallery/3-important-tipsimport and more to-improve-financial(http://www.financialexpress.com/photos/businesshealth/) gallery/indias-foreigntrade-fdi-inconstructiondevelopment-bsesensex-nifty-goldimport-and-more/) http://www.financialexpress.com/article/markets/commodities/shift-in-chinas-import-policy-global-glut-to-hit-domestic-cotton-market/ 1/3 11/19/2014 Shift in China’s import policy, global glut to hit domestic cotton market | The Financial Express Over the past few years, India has achieved significant growth in cotton production. India’s cotton production has grown from 14 million bales (of 170 kg) in 2000-01 to 37.5 million bales during 2013-14. The growth in cotton production is driven by increase in area under cotton cultivation as well as growth in yield. The area under cotton cultivation in India has increased from 85.76 lakh hectares in 2000-01 to 115.53 lakh hectares in 2013-14, while yield has grown from 278 kg per hectare to 518 kg per hectare during the same period. According to the study, during the current year (2014-15), the area under cotton cultivation in India has further increased to reach a record level of 125 lakh hectares. There has been sharp increase in cotton acreage in Gujarat, Maharashtra, Karnataka and Andhra Pradesh. By R Ravichandran TAGS: Land Rover gives Range Rover, Range Rover Sport major boost (http://www.financialexpress.com/photos/businessgallery/land-rover-gives- Videocon launches Infinium Z50Quad ‘slim range-rover-rangesmartphone’, prices it at rover-sport-majorRs 7,349 boost/) (http://www.financialexpress.com/photos/businessgallery/videoconlaunches-infiniumz50quad-slimsmartphone-prices-it-atrs-7349/) Business buzz Cotton (/tag/cotton) Financial Express Fe full feed (http://www.financialexpres… MORE FROM COMMODITIES Trinamool Congress open to joining anti-BJP alliance, says Mamata Banerjee Maharashtra mills to seek relief package Editorial: Golden cures Making clear her willingness for an alliance of from Centre (http://www.financialexpress.com/article/markets/commodities/editorialnon-Bharatiya Janata Party (BJP)... (http://www.financialexpress.com/article/markets/commodities/mahagolden-cures/) mills-to-seek-relief-package-from-centre/) Alternative savings instruments are needed Fe full feed (http://www.financialexpres… Sluggish demand likely to weaken coconut Markets scale new peaks on fund oil prices inflows (http://www.financialexpress.com/article/markets/commodities/sluggishSurpassing all previous records, the benchmark demand-likely-to-weaken-coconut-oil-prices/) BSE Sensex and NSE Nifty hit their new lifetime highs to 28,260.66 and 8,447.40 respectively.... Financial Express @FinancialXpress + Crowdynews EDITOR’S PICK (http://www.financialexpress.com/article/industry/tech/nokia(http://www.financialexpress.com/article/economy/with(http://www.financialexpress.com/article/economy/globalunveils-n1-tablet-an-apple14-3-mn-enslaved-peopleslavery-index-the-india-story/) ipad-lookalike/) india-is-the-slavery-capitalGlobal Slavery Index: The India Nokia unveils N1 tablet… an of-the-world/) Story Apple iPad lookalike With 14.3 mn enslaved people, (http://www.financialexpress.com/article/economy/global(http://www.financialexpress.com/article/industry/tech/nokiaIndia is the slavery capital of the slavery-index-the-india-story/) unveils-n1-tablet-an-apple-ipadworld: Global Slavery Index lookalike/) (http://www.financialexpress.com/article/economy/with14-3-mn-enslaved-people-indiais-the-slavery-capital-of-theMORE FINANCIAL EXPRESS world/) FE Events INT. REPORTS Fe EVI Survey 2011-12 JUNGFRAU - Top of (http://epaper.financialexpress.com/41350/FEEurope Write a comment... EVI-Survey-2010- (http://epaper.financialexpress.com/315491/Indian- 11/2012-FE- Express/04-August- EVI#page/1/1) 2014#page/19/1) Best Banks Luxurious Dubai (http://archive.financialexpress.com/bestbanks/) (http://epaper.financialexpress.com/365041/IndianExpress/30-October- Name Email Post SUPPLEMENT(S) 2014#page/25/1) SME World India-Russia (http://epaper.financialexpress.com/71148/SME(http://epaper.financialexpress.com/77372/International- Latest Most Engaged Stories WORLD/27-November- Reports/India-Russia- 2012#dual/1/1) Summit#page/1/1) FE 500 Business Aviation (http://epaper.financialexpress.com/91200/FE(http://epaper.financialexpress.com/45043/Indian500/February- Express/02-July- 2013#dual/1/1) 2012#page/13/1) to make a mark India Inc India-Russia Jun 12, With rupee going through period of volatility, education for Indian student may be costliest ever. inc/46) (http://epaper.financialexpress.com/42024/Indian- eFE Express/12-June- World's top 200 university rankings: Massachusetts, Harvard tops the list while Indian universities fail 1 comments Diwali effect (http://archive.financialexpress.com/supplement/India2012 (http://archive.financialexpress.com/supplement/efe/47) 2012#page/21/1) FE Investor DefExpo India 2012 In India, many people look at year-on-year changes to track the state of the economy. This indicator has important weaknesses. It is the moving average of the change seen in the latest twelve months and is hence a sluggish indicator of the changes in the economy. (http://archive.financialexpress.com/supplement/fe(http://epaper.financialexpress.com/31698/DefExpo- 1 comments impact/77) (http://epaper.financialexpress.com/30854/Indian- India's Best Banks Express/28-March- investor/48) India-2012/DefExpo- Corporate Impact India-2012#page/1/1) (http://archive.financialexpress.com/supplement/corporateTurkey http://www.financialexpress.com/article/markets/commodities/shift-in-chinas-import-policy-global-glut-to-hit-domestic-cotton-market/ 2/3 11/19/2014 Shift in China’s import policy, global glut to hit domestic cotton market | The Financial Express (http://archive.financialexpress.com/supplement/india2012#page/21/2) Subscribe via RSS best-banks/79) Switzerland Realty World (http://epaper.financialexpress.com/30538/Indian- (http://archive.financialexpress.com/supplement/realityExpress/26-Marchworld/87) 2012#page/17/2) Market Impact Qatar (http://archive.financialexpress.com/supplement/market(http://epaper.financialexpress.com/29033/Indianimpact/78) Express/16-March2012#page/25/1) India Aviation (http://epaper.financialexpress.com/28813/IndianExpress/14-March2012#page/21/1) Saudi Arabia (http://archive.financialexpress.com/download.php? fileName=SaudiArabia.pdf) Amazing Australia (http://archive.financialexpress.com/download.php? fileName=AmazingAustralia.pdf) More FE The Indian Express Group Print Edition (/todays-paper/) The Express Group iPhone App (http://itunes.apple.com/us/app/financial- (http://expressindia.indianexpress.com/news/expressgroup/) iPad App (http://itunes.apple.com/in/app/theexpress-for-iphone/id508738603?mt=8) The Indian Express (http://www.indianexpress.com/) Android App financial-express/id491303242?mt=8) Loksatta (http://www.loksatta.com/) RSS (/syndication/) (https://play.google.com/store/apps/details? Jansatta (http://www.jansatta.com/) ePaper (http://epaper.financialexpress.com/) id=com.financialexpress.android) Exims (http://www.exims.in/) Facebook Screen (http://www.indianexpress.com/Showbiz/) Twitter (https://twitter.com/FinancialXpress) (https://www.facebook.com/thefinancialexpress) Express Towers (http://www.expresstowers.in/) Google + (https://plus.google.com/+financialexpress) You Tube (http://www.youtube.com/indianexpress) StumbleUpon Pintrest (http://pinterest.com/indianexpress/) (http://www.stumbleupon.com/stumbler/indianexpress) Express Pharma (http://pharma.financialexpress.com/) Express Healthcare (http://healthcare.financialexpress.com/) Food & Hospitality World (http://hospitality.financialexpress.com/) Express TravelWorld (http://travel.financialexpress.com/) Express Computers (http://computer.financialexpress.com/) Ramnath Goenka Awards (http://expressindia.indianexpress.com/ramnath-goenkafoundation/) Advertise with Us (http://expressgroup.indianexpress.com/advertise.html) Feedback (/feedback/) | Site Map (/sitemap/) | Privacy Policy (/privacy-policy/) | Contact Us (/contact-us/) Copyright © 2014 The Indian Express ltd. All Rights Reserved. http://www.financialexpress.com/article/markets/commodities/shift-in-chinas-import-policy-global-glut-to-hit-domestic-cotton-market/ 3/3
© Copyright 2024