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China curbing Cotton Imports as top user buying more Yarn

Date 10-Dec-2015
Subject China curbing Cotton Imports as top user buying more Yarn

MUMBAI : China, the world’s largest cotton user, will import less fiber this year and that will be bearish for global prices, according to the International Cotton Advisory Committee. Overseas purchases will tumble 33 percent to 1.2 million tons in the year started August from 1.8 million tons a year earlier, the committee estimates. The Asian nation will instead increase imports of cotton yarn from countries including Vietnam and India, Rebecca Pandolph.

Source: dailyshippingtimes.com

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