During the month, China imported about 174,300 tons of cotton yarn. This takes the total cotton yarn imported in the first five months of the ongoing Chinese cotton season beginning September 1 to 849,500 tons, which is a decrease of 5.54 per cent year-on-year.
In January 2017, China's cotton imports amounted to 114,900 tons at an average import price of $1,799/ton. The average price rose by $4 or 0.2 per cent compared to the average price of December 2016. However, the average price was up 8.5 per cent compared to January 2016. In the first five months of the cotton season, China's total cotton imports stood at 41.51 million tons, down 9.9 per cent year-on-year.
Country-wise, the US was the top cotton supplier to China in January 2017, followed by India. (RKS)
Fibre2Fashion News Desk – China