Cotton Imports Fell Sharply In The First Half Of Dezhou

Reporters recently learned from the Dezhou customs that in the first half of this year, the import volume of cotton enterprises in our city showed a sharp decline, which imported 5097 tons of cotton, a decrease of 26.68% compared with the same period last year, and the total import value was $8 million 356 thousand and 800, a decrease of 13.88% compared with the same period last year.

In the first half of this year, cotton imports in our city showed the following characteristics:

First, the import price rises rapidly and imports fluctuate greatly.

The average price of imported cotton in our city was 1639 US dollars / ton, up 17.46% compared to the same period last year, especially in June, the import average price rose to a new high of 1876.67 US dollars / ton, and the import volume fluctuated obviously, reaching 3005 tons in January, then dropped obviously, and the import volume dropped to 320 tons in June.

Two, the import of processing trade dropped sharply, and the import of general trade and bonded warehouses increased.

196 tons of cotton imported by processing trade decreased by 93.35% compared with the same period last year. The general trade and bonded warehouses imported 2741 tons and 2160 tons respectively, representing an increase of 39.34% and 5.84% respectively over the same period.

According to Dezhou customs staff analysis, in the second half of 2007, cotton was included in the processing trade restrictive commodities. If the enterprises imported cotton for processing trade, they needed to pay 50% of the deposit. This policy caused a lot of funds to the cotton spinning enterprises, and the rising of the exchange rate of the RMB against the US dollar increased the purchasing power of the enterprises. Therefore, the enterprises were more inclined to import cotton with the general trade mode.

Three, India is the main source of imports.

In the first half of this year, our city imported 3918 tons of cotton and 6 million 420 thousand and 600 US dollars worth of cotton from India, accounting for 76.87% and 76.83% of the total imports.

At the same time, affected by the rising import price of cotton, the clothing export volume of our city has also decreased significantly.

In the first half of this year, the total value of garment exports in our city was 14 million 830 thousand US dollars, a decrease of 16.09% compared with the same period last year, and the growth rate of textile production also declined compared with the same period.