In December 2006, imports of cotton stood at 240,300 tons, a surge of 55.53 percent over previous month and 30.8 percent compared to same period last year.
In September-December 2006, total cotton imports amounted 614,200 tons, down 43.31 percent from the same period of 2005.
On December 30, 2007, import cotton price index (FC IndexM) was 62.7 cents per pound, up 2.91 cents from December 1, 2007.
The average price for December was 61.21 cents/pound, which would be marked 12325 yuan per ton when converted into RMB according to 1 percent tariff, 472 yuan lower than that of domestic cotton in 328 level and would be 13006 yuan per ton when converted into RMB according to floating tariff, 209 yuan per ton higher than that of domestic cotton in 328 level.
Fibre2fashion.com News Desk-China
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