China imported around 858,000 tons of cotton in the first eight months of 2023, down 37.1 percent from a year ago period. “In the 2022-23 cotton season, China imported around 1.425 million tons of cotton, also down 17.6 percent compared to the 2021-2022 season,” data of Chinese Customs
China’s cotton imports fell to their lowest level in five years, amounting to 6.4 million bales during the period of August 2022 to July 2023, which is less than half the volume witnessed two years earlier. Several factors have contributed to this decline in demand, including record-high domestic production in nine years, lower domestic prices […]