Nov 18 2008 | China, Peoples Republic of | Monthly Update 
Highlight: Corn production in MY08/09 is forecast at 154 MMT, up 1.7 MMT from the National Statistical Bureau’s revised estimate of 152.3 MMT for MY07/08
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May 28 2008 | China, Peoples Republic of | Annual 
                                                                         

Highlight: China's cotton imports are forecast at 3.7 million metric tons (MMT) in marketing year (MY) 08/09, up from an estimated 2.7 MMT in MY07/08. This import increase is based on expected growth of cotton use and a slight decline in domestic production due to a reduction in the planted area in response to higher returns from grain crops. Cotton consumption is forecast at 11.8 MMT in MY08/09, up five percent from the previous year. This relatively low growth is attributed to a combination of factors, mainly the appreciation of the Chinese currency, that are limiting growth in the textile sector. The supply and demand gap continues to expand and is unlikely to be met by domestic production, thus cotton exports to China will remain strong in the foreseeable future. In MY08/09, the United States will continue to face fierce competition from India, which will likely expand its market share in China.
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