Cotton import volume rises in June

06 Aug '07

3 min read

2) the cotton import volume increases and the price of import cotton goes up sharply. From this year, the price of import cotton under the sliding duty tariff is higher than domestic price and the cotton import volume decreased by a wide margin from the same period of last year.

But with domestic cotton resource exhausted and price rising, the import volume is increasing to some extent from the earlier stage, but still less than the same period of last year.

In June 2007, 252,500 tons cotton was imported which decreased by 25.25% compared with May; reduced by 33.7% compared with the same period last year.

In January - June 2007, cumulative 1,176,300 tons cotton have been imported, decrease by 52% compared with the same period last year.

In 2006 cotton season (September of 2006 – June of 2007), cumulative 1.7905 million tons cotton have been imported, decrease by 49.4% compared with the same term in 2005. It is estimated cotton import volume will continue rising in the following several months.

In May, the price of import cotton rises sharply. On June 29, China imports cotton price index (FC Index M) is 64.83 cents per pound, increase by 5.24 cents or 8.8% from May 31, transfer to RMB 12734 yuan per ton at 1% tariff which is lower 1047 yuan than Type 328 grade of domestic cotton, 13591 yuan per ton at the sliding duty tariff which is lower 190 yuan than 328 grade of domestic cotton.

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Chinese Cotton Association

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