China Losing Top Cotton Importer Status
Last year, China lost the title of the world’s top cotton producing country to India. Now, according to the International Cotton Advisory Committee, Vietnam has surpassed China as the leading importer of cotton.
As reported by Agrimoney.com, the ICAC report noted that imported cotton volumes in Vietnam increased 17% this past season, surpassing China by 80,000 tons. Vietnam is expected to buy 1.1 million tons of cotton this season.