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China's cotton imports rise m-o-m in June 2014
Jul '14
Cotton imports by China increased in June 2014 compared to the previous month’s imports, while the imports dropped compared to the same month of 2013.
In June 2014, China imported 218,200 tons of cotton, showing an increase of 13.9 percent or 26,700 tons over the quantity imported in May 2014. However, the volume was 19.1 percent lower compared to June 2013, according to customs statistics.
The average import price of cotton fell by US$ 5/ton or 0.2 percent month-on-month to $2,132/ton in June 2014. The fall in average cotton import price was even greater at 1.3 percent on a year-on-year basis.
In the first six months of 2014, China’s total cotton imports stood at 1,394,800 tons, which is a decrease of 42.2 percent year-on-year.
During the first ten months of the ongoing cotton season from September 2013 till June 2014, China’s total cotton imports stood at 2.519 million tons, down 33.4 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.
In the first half of 2014, India, Australia and the United States together accounted for nearly eighty percent of all cotton imports made by China. While the quantity from the United States continued to decline, that from Australia continued to grow.
Most of the cotton importers were based in Shandong and Jiangsu provinces.

Fibre2fashion News Desk - India

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