China Cotton Imports In May Fall 14.8% On Year

MUMBAI (Commoditiescontrol) - China, the world’s leading cotton consumer, had imported around 163,100 tons of cotton in May, down 14.8 percent compared to the corresponding period last year, according to the country’s customs authority.

China’s cotton imports this year have fallen after the country announced that it would restrict low-tariff quotas to 8,94,000 tonnes, the amount agreed with the World Trade Organisation, with the country trying to encourage the use of domestic produce. The country had cut its import quota to help its domestic cotton farmers and reduce its reserves.

(By Commoditiescontrol Bureau; +91-22-40015534).