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Cotton imports from US fall sharply in Jan-Sept

10
Nov '08
According to the statistics from the China Textile Industry Association, China imported 129,000 tons of raw cotton in September 2008, representing a decline of 31 percent from the previous month, and a year-on-year reduction of 45 percent. China's cumulative cotton imports amounted to 1,769,800 tons from January-September 2008, a decline of 6.74 percent year-on-year.

Among cotton supplying countries, China's major cotton import was still from the United States in September totaling to 99,000 tons, accounting for nearly 77 percent of China's September cotton imports, but declined drastically by 22 percent compared to August and down 26 percent from that in September 2007.

In addition to the United States other countries from the amongst the top fifteen cotton exporting countries were Australia, Burkina Faso, Uzbekistan, Benin, Mali, India, Turkmenistan, Zambia, Chad, Cameroon, Egypt, Zimbabwe, Ivory Coast and Syria.

In recent years, cotton production and exports from India have grown faster due to its promotion of genetically modified cotton. India exported a large quantity of cotton a few months ago, however due to increased demand from its domestic consumers; imports of cotton from India have fallen in September.

In the period January- September China imported 749,500 tons from the US, down 19.91 percent compared with the same period of the previous year while the average import price grew to US $1.7 per kilogram or up by 20.57 percent year-on-year.

India was the second largest supplier. Chinese cotton imports from India reached 569,800 tons from January to September while import price rose 22.31 percent year-on-year, but Indian price was still significantly lower than that of U.S. cotton. China's import volume from India increased by 36.84 percent compared to the same time last year.

In addition, China's cotton imports in the first nine months of 2008 from Uzbekistan, Australia and Benin were 165,400 tons, 5566.83 tons and 4749.73 tons, respectively.

Fibre2fashion News Desk - China


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