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India replaces US as top cotton exporter
16
Sep '08
It was noticed during the China Cotton Industry Development Summit Forum and International Cotton Trade Fair 2008 that there have been some major changes in the cotton import trend of China.

Cotton imports, especially from India have been on a sudden rise and according to the relevant data, India exported 7 million bales of cotton in 2006-07 largely due to inexpensive labor and increased cultivation under Bt cotton seeds, which enhanced proceeds and lowered costs.

Statistics availed from China Cotton Association shows that of the aggregate imports of the country from January to December 2007, US emerged to be the largest supplier commanding 49.87 percent of the total while India stood at the second position with 20.94 percent.

However, starting from September last year until now, the tables have turned in favour of India. China's cotton import proportion from amongst countries from which it imports cotton has undergone a change. India now leads the chart accounting for 37.9 percent of the total imports while US supplies 34.9 percent of the cotton raw material.

Even in the first three months of this year, Indian cotton farmers had an absolute superiority in terms of exports and reaped considerable benefits from supplies made to China.

Imports made from Uzbekistan, Australia and other countries also evinced stability but experts anticipate that India would become the leading source of raw materials for Chinese textile enterprises in the near future.

Fibre2fashion News Desk - China


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