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High cotton & low polyester price impacts Chinese units
04 Sep '15
4 min read
World cotton imports are projected to remain stable in 2015/16 at 7.6 million tons, while China's imports are forecast to decline 12 per cent to 1.6 million tons from a peak of 5.3 million tons in 2011/12.
Imports outside of China would offset China's decline, rising by 3 per cent to 6 million tons with gains in the next three largest importers.
While exports from the United States are projected to dip 9 per cent, due largely to reduced production, ICAC expects that it will remain the world's largest cotton exporter.
The US based cotton body also noted that after falling 51 per cent in 2014/15, India's exports may recover by 21 per cent to 1.2 million tons in 2015/16. (AR)
Fibre2Fashion News Desk – India
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