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Uzbek cotton tops in Nov exports to China
24
Dec '10
China imported 126,000 tons of cotton in November, an increase of 30,000 tons or 31 percent compared with October, and an increase of 12 percent year on year. Average import price touched US $2,356 / ton in October, an increase of 10.6 percent.

China's total cotton imports registered 2,377,000 tons from January-November in 2010, up an astounding 81.4 percent year on year. In the first three months of cotton year 2010-11, total imports were 423,000 tons, a rise of 26.8 percent.

From among major importing countries, imports of cotton from Uzbekistan grew rapidly, Uzbekistan become the largest source and in the process relegated United States to the second place. Cotton imports from India rebounded sharply, while imports from Australia continued to decline.

China's total cotton imports from Uzbekistan reached 37,000 tons in November, up 61 percent from October and accounting for 29.6 percent of China's total cotton imports. Those from the US came to 35,000 tons, up 23.2 percent from the previous month, accounting for 27.4 percent of total imports.

Imports from Brazil stood at 17,000 tons, an increase of 8 percent from the previous month, accounting for 13.5 percent of total imports. From India, it marked 16,000 tons in November, a growth of 4.5 times from the previous month and accounting for 12.5 percent.

China's cotton imports from Australia came to 2205 tons, down 66 percent from the previous month, accounting for less than 2 percent of total imports.

Import cotton prices continued to rise in November. Among which, Uzbek cotton price was US $2,652 / ton, up 17.5 percent from the previous month; US cotton price averaged at $2,143 / ton, up 3.5 percent from the previous month and Brazilian cotton was priced at US $ 2,022 / ton, up 1.2 percent from the previous month.

Fibre2fashion News Desk

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