May 3 2007 | China, Peoples Republic of | Annual
Highlight: In marketing year (MY) 2007/08 Chinese domestic cotton production is forecast to fall four percent, to 6.5 million metric tons (MMT), following the previous record crop. However, China¡¯s cotton use is forecast to continue to grow strongly in MY07/08, posting 12 percent growth for a second consecutive year. MY07/08 imports are forecast to surge to five MMT in response to solid demand, the slow import pace in Q4 2006 and Q1 2007, and lower domestic supplies. The United States is forecast to remain China¡¯s largest cotton supplier, though India has recently gained market share with increased exportable supplies at low prices.
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