| Cotton Market Update | Cotton and Products | Beijing | China - Peoples Republic of | 9/8/2009
China's domestic cotton production estimate in MY 09/10 is revised down to 7.2 MMT from the May forecast of 7.4 MMT because of reports of planted area reduction in some producing regions. Cotton imports in MY 08/09 were 1.5 MMT, the lowest in the last four years, mainly attributed to weak demand for textile products as a result of the global economic slowdown.
Cotton Market Update_Beijing_China - Peoples Republic of_9-3-2009
Apr 21 2009 | China, Peoples Republic of | Annual
Highlight: China's cotton imports in MY09/10 are forecast at 3 million metric tons (MMT), up 85 percent over the estimated 1.6 MMT in MY08/09. This high import forecast is supported by a sizable decline in domestic production and a rebound in cotton use in response to an anticipated recovery of demand for textile and apparel products in late 2009. China's cotton use in MY08/09 is estimated at 10.1 MMT, down 1.1 MMT from MY07/08, mainly due to reduced demand for textile and apparel products as a result of the global economic crisis. Domestic cotton production in MY09/10 is also down due to low profitability in the last two crop cycles.
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