MUMBAI (Commoditiescontrol) - The world’s top consumer of cotton, China’s imports of the fibre saw a drastic fall in March 2015 and the first 3 months of the year - January-March, as per official customs data.
In March, China's total cotton imports were at 127,919 tonnes, which is 42.14 percent lower than the last year same month. During the first three months, Jan-Mar, the country’s cotton imports posted a drop of 41 percent at 448,202 tonnes compared to a year ago, the customs data showed.
Of the total imports, China imported around 26,937 tonnes of cotton from India in March, down 75.72 percent from a year ago. Meanwhile, imports from India during Jan-Mar were at 125,406 tonnes, down 71.68 percent compared to last year.
Cotton exports from the U.S. to China in March were recorded at 74,128 tonnes, a fall of 15 percent on year, while between Jan-Mar U.S. cotton imports in China saw a slump of 24.19 percent on year at 155,575 tonnes.
Interestingly, China’s cotton imports from Brazil in March showed a rise of 3571 percent to 10,273 tonnes. The major factor behind the growth is attributed to the weakness in Brazilian currency. Also, during Jan-Mar, China imported around 56,728 tonnes of cotton, up 609 percent on year.
(By Commoditiescontrol Bureau; +91-22-61391533).
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