CHINA: Cotton Imports Seen Lower as Textile Industry Stagnates
China will import a smaller quantity of cotton during the sector's fiscal year 2007, which ends in August, an industry official said on Wednesday. Cotton imports will fall because the stagnant textile industry needs less yarn, Shi Jianwei, vice president of the China Cotton Association, told a symposium on the…
Egytex News Desk
Egytex
Shi predicted there would be a slight increase in the sown area of cotton for fiscal 2008 but cotton output would remain at the production level of fiscal 2007.
China imported a record amount of 4.11 million tons of cotton in fiscal 2005 but only 2.28 million tons in 2006.
India overtook the United States as China's largest cotton supplier in fiscal 2007.
Source: Xinhua
From the Egytex news archive, first published on 12 May 2008. Figures and names are as reported at the time.
