NEWS
China's cotton imports may hit a record high
The newly issued in December 2011 of China's cotton import data boosted, December imports to 790000 tons. making China cotton import new record, is the biggest ever appeared imported 500000 tons .
The import data indicates that the domestic collection, international abundant supply, plus the cotton price lower abroad. if have quotas, purchasing center of gravity still tend to the cotton.
By December, a total of 15.53 million packet inspection 3.513 million tons. than the same period last year (1.869 million tons) growth 1.643 million tons, 87.9% growth rate.
At the same time from new cotton year starting in September to November, China imported cotton 883000 tons, an increase of 108.7%, that is starting in September external supply increased 450000 tons, and inspection and import incremental reached 2 million tons above.
With the release of the quotas for the year 2012, January's imports are expected to maintain high still, generally in December and January is China's imports cotton to at most two months. from this year's show, free tax zone port inventories is more and more big, the expected to port number of recent cotton will rise sharply. especially India cotton, India rupees exchange rates falling, India cotton price was significantly lower than the Macao cotton, cotton varieties such as Brazil and cotton, in addition to the quotas in place, January's import data may hit a record high.