| Date: |
09-11-2011 |
| Subject: |
China to Import More Cotton from India this year |
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China is expected to import more cotton this year as the domestic production of the crop is likely to be less than that required for its local consumption.
During the current Chinese cotton year, calculated from August to July, cotton production in China is estimated to be around 7 million tons compared to its domestic requirement of 10 million tons, according to Terry Townsend, Executive Director at International Cotton Advisory Committee (ICAC).
Speaking on the sidelines of World Cotton Research Conference in Mumbai, Mr. Townsend said China is likely to import about 3.3 million tons of cotton this year compared to its import of 2.7 million tons last year, a rise of 22.22 percent year-on-year.
Since China is a major buyer of cotton from India, Indian cotton exports to China are also likely to see an increase this year.
Source : fibre2fashion.com
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