China: Cotton and Products Update
Link to report:
In marketing year (MY) 20/21 (August/July), China’s cotton consumption and cotton imports are projected to recover to 8 million metric tons (MMT) and 1.96 MMT respectively, following the coronavirus-related decline in cotton use and imports in MY19/20. This decline was the result of market disruptions and reduced consumer demand for textiles and apparel. In MY 19/20, U.S. cotton exports to China reached 473,000 tons, up from 370,00 tons in MY18/19, pushing the U.S. share of China’s cotton imports up to 30 percent. China’s MY20/21 cotton production is forecast at 5.8 MMT, basically unchanged from MY19/20.
