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Imports of cotton up m-o-m, but down y-o-y
22
May '09
According to customs statistics, in April 2009, China imported 145,600 tons of cotton, up 47.38 percent from the previous month, but down 44.74 percent year-on-year; import value fetched US $180 million, up 41.22 percent from the previous month, but down 58.94 percent year-on-year.

International spot cotton prices picked up sharply in April, but China's import prices still declined in April to an average of US $1237 per ton, down 4.18 percent from the previous month and 25.7 percent year-on-year, due to structural changes of cotton varieties in imports and different times of signing relevant contracts.

In the period September 08' to April 09', China's cumulative imports reached 885,200 tons, down 44.22 percent year-on-year; the average import price stood at US $1475 per ton, down 5.8 percent year-on-year.

From amongst importing countries, the United States, Uzbekistan and India were the three main countries which supplied cotton in April, together forming 85 percent of China's total imports, while imports from Brazil, Benin, and Mexico also increased sharply.

Cotton imports from the United States in April were 85,800 tons, accounting for 59 percent of total imports, 6.7 percentage points higher from the previous month; imports from India were 27,600 tons, accounting for 18.9 percent of total imports, 6.3 percentage points higher than March

Cotton shipments in April from Uzbekistan imports from Uzbekistan were 10,500 tons, accounting for 7.2 percent of total imports, down nearly 21 percentage points from March.

In the period September 08' to April 09', shipments of cotton from the US rose significantly. Import proportion of U.S. cotton rose significantly to 65.9 percent from 34.7 percent of the same period last year.

On the other hand, import proportion of Indian cotton declined substantially to 10.6 percent from 41 percent of the corresponding period last year and import proportion of Uzbekistan cotton rose to 7.5 percent from 4.4 percent.

In terms of import prices from major countries, April import prices from most countries were lower than March. Among top ten importing countries, the highest price was from Australia at $1430 per ton and the lowest price was from Burkina Faso at $1101 per ton.

Fibre2fashion News Desk - China

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