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China's cotton imports continue to decline in Feb'14
14
Mar '14
The trend of decline in China’s cotton imports continued in the month of February 2014, and the imports dipped compared to both January 2014 as well as February 2013, according to the latest data.
 
In February 2014, China imported 246,000 tons of cotton, registering a decrease of 46,000 tons or 15.94 percent compared to imports of 292,500 tons made in January 2014, according to the Chinese customs statistics. On a year-on-year basis, China’s February cotton imports declined by 133,000 tons or 35 percent.
 
In the first two months of 2014, China’s total cotton imports stood at 539,000 tons, down 298,000 tons or 35.6 percent year-on-year. 
 
During the ongoing cotton season from September 2013 till February 2014, China’s total cotton imports stood at 1.663 million tons, showing a decrease of 544,000 tons or 24.7 percent year-on-year.
 
In the previous cotton season from September 2012 to August 2013, China imported 4.396 million tons of cotton, down 19.2 percent year-on-year.
 
The decline in cotton imports is in line with the expected government policy of giving subsidy to cotton farmers and various other measures, which are expected to narrow the difference between prices of domestic cotton and imported cotton. Market analysts expect the trend of declining cotton imports to continue this year.
 

Fibre2fashion News Desk - India

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