China Cotton Imports Up Sharply

According to the statistics of the General Administration of Customs, China imported 301,000 tons of raw cotton in January 2010, a new high in a year, sharply up by 39 percent from December 2009 and up by 286 percent year-on-year. The import cotton valued $512 million (U.S.). The average import price is $1,699 (U.S.) per ton, up by 3.6 percent from last month and up by 22.5 percent year-on-year.

The quantity of cotton imported from India continued to rise, with the proportion near 60 percent; imports from the U.S. were stable and imports from Uzbekistan rose sharply. In January, China imported 172,000 tons of cotton from India, or 57.1 percent of the imported total amount; U.S. cotton accounted for 16.9 percent; Uzbekistan, 11.1 percent; and Australia 2.1 percent.
 

Source: China Cotton Association