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Cotton imports from India overtake US in Dec
25
Jan '10
According to customs statistics, China's cotton imports from India continue to rise. Indian cotton accounted for more than half of China's total cotton imports in December 2009. At the same time, proportion of US cotton rose slightly, while that of African cotton fell considerably.

In December China's cotton imports from India registered 118,000 tons, accounting for 54.5 percent and 12.5 percent higher than the imports in November. Imports from the US stood at 34,900 tons, accounting for 16.1 percent of all cotton imports.

China's cotton imports from Uzbekistan reached 11,100 tons, accounting for 5.1 percent. While those from all African countries put together, like Burkina Faso, Benin, Mali, Zambia, Ivory Coast and Senegal totaled 28,700 tons, accounting for 13 percent, down 17 percent from November.

From the view of average cotton import prices in December, import prices of all countries rose in the month. Among them, US cotton created the largest price increase to US $2,055 per ton, up 18.6 percent from the previous month; followed by Australia.

Australian cotton was priced at $1,719 per ton, up 6.5 percent from that of November; Indian cotton averaged at $1,554 per ton, up 6.7 percent and Pakistan cotton was quoted at $1,462 per ton, up only 3 percent from the previous month.

While considering the full year of 2009, imports from of US cotton accounted for 41.4 percent of all cotton imports in to the country, down 5.5 percent and Indian cotton accounted for 20.7 percent, a decline of 8.2 percent.

Proportion of cotton imports from Uzbekistan, Australia, Burkina Faso, Brazil and Benin reached 9.2 percent, 6.7 percent, 5.6 percent, 3.5 percent and 3.4 percent, an increase of 1.3 percent, 3.1 percent, 3.8 percent, 2.3 percent and 1.1 percent, respectively.

Fibre2fashion News Desk - China

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