China: Cotton and Products Update
Link to report:
China’s marketing year (MY) 2019/20 cotton consumption is lowered to 8.6 million tons, based on stagnant textile and apparel exports, low manufacturer confidence due to trade uncertainties, and a rise in substitution of synthetic fibers for cotton. Imports for MY 2019/20 are unchanged at 2 million tons. The impact of the U.S.-China trade situation continues, with Brazil, Australia, and other suppliers benefitting from the additional 25 percent tariff on U.S. cotton exports. Production is lowered to 5.91 million tons, a 2.6 percent decrease from the MY 2018/19 estimate, due to lower yield and area.
