Interviews
Low cotton consumption leads to falling imports
17 Feb '06
1 min read
Cotton requirements of the country are mainly fulfilled by imports from countries like the US, Australia and Brazil.
However, last year saw cotton consumption fall sharply as the revealed in the South Korean imports statistics.
December recorded the lowest monthly import figures in past five years with a 28 percent drop to 82973 bales.
In August-December period, the total cotton imports were 435987 bales, a 13.1 percent decline from 2004.
Though cotton imports from the US dipped 23.5 percent to 154676 bales, those from Australia rose by 16.9 percent to reach 146185 bales. Brazilian imports went up 24 percent to reach 58343 bales.
However, last year saw cotton consumption fall sharply as the revealed in the South Korean imports statistics.
December recorded the lowest monthly import figures in past five years with a 28 percent drop to 82973 bales.
In August-December period, the total cotton imports were 435987 bales, a 13.1 percent decline from 2004.
Though cotton imports from the US dipped 23.5 percent to 154676 bales, those from Australia rose by 16.9 percent to reach 146185 bales. Brazilian imports went up 24 percent to reach 58343 bales.
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