Global Cotton Imports Will Decline In 08/09
The International Cotton Advisory Committee (ICAC) said in its monthly report on Monday that global cotton imports in 2008/09 will fall by 12% to 7 million 300 thousand tons, which is affected by the global economic downturn.
ICAC said that the global cotton trade volume will be dragged down by China, and China's cotton imports will be reduced by 24% to 1 million 900 thousand tons.
The organization says the global financial crisis has led to a decline in cotton consumption. In 2009, the global economic growth slowed down, even if the income of developed countries would decline. In addition, the credit availability of textile mills may be tight.
Global cotton production is expected to be reduced by 6% to 24 million 600 thousand tons, mainly affected by a significant decline in US output by 30%.
Increased competition from grains and oilseeds also led to a sharp decline in cotton production in Turkey, Brazil and the United States, the report said. But cotton production in India, Pakistan and Australia has increased.
Editor: vivi
- Related reading
- Member area | 【和鷹資訊】哪位立裁大師能做出這么合體的衣服?
- Member area | Case Sharing And Sincere Cooperation Between Eagle And Hai Meng In The Field Of Advanced Customization
- Member area | [Eagle Information] 2015 Sewing Equipment Exhibition Schedule Gives You A Full View.
- Member area | [Eagle Eagle] And Eagle Technology Invites You To Participate In The China Garment Industry Development Forum And New Intelligent Equipment Exhibition (Changshu).
- Management strategy | Clothing Salesman'S "Must Kill" Selling Skills
- Trademark registration | The Realization Of Pledge Makes The Property Of Trademark Further Appear.
- Trademark registration | 商標意識助力臺州企業走出去
- Foreign laws and regulations | 注重人才培養 加快涉外法律服務業發展
- Instructions for foreign trade | Chifeng'S Flag Export Steadily Increased
- Instructions for foreign trade | Manchuria'S Policies And Measures To Fully Promote Foreign Trade Import
- Us Recent Cotton Price And Paction Pattern Analysis
- Bedi Cloth Art Talks About Crisis
- Bossini Guangzhou Flagship Store Is Booming
- The Quality Of Thousand Yuan Shoes Is Not Qualified.
- Anta: From CBA To NBA
- American Yarn Making Enterprises Set Up Factories In China
- Yum'S Two Revolution
- The Clothing Industry Will Be The Coldest In June And July Next Year.
- Should Fur Go The Civilian Line This Winter?
- Foreign Trade Stock Sale Will Continue "Bull Market".