Cotton Imports Exceed Expected 14/15 Import Or Fall In 2013/14

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Xiaobian of the network introduced to you is 2013/14 cotton import material is expected to import or decline in 14/15.

According to foreign news on August 20th, China's cotton imports in July decreased year by year, but the total import volume in this market is higher than market expectations, while 2014/15 imports may not be good.

According to the General Administration of customs, the import volume of cotton in July was 1 million 300 thousand packs (280300 tons), the lowest level in three years.

Imports in July dropped by 17% over the same period last year, a two digit year-on-year decline in the past sixteenth months in the past 18 months.

Nevertheless, the volume of imports in the last month of the market is enough to exceed the expectations of many people in 2013/14.

In March, USDA estimated that China's cotton import volume was only 11 million packages in the current market year, and the adjustment of industrial policies might inhibit imports.

In December last year, China announced that it would terminate the policy of purchasing and storage. In April, it announced that it would cut down the bid price of reserve cotton, so as to stimulate buying Xing.

Although the volume of daily turnover has increased sharply for a short time, the rally has stopped very quickly because the quality of reserve cotton is not as good as that of cotton reserves.

Cotton.

Looking ahead, cotton imports in the new year will depend more on policy adjustments.

The government has been testing cotton target price subsidy system in Xinjiang, which will affect the cotton planting area in the spring.

Moreover, if the government terminates the auction of cotton reserves later this month, it will increase the possibility of import expansion if the quota is allowed.

Although the reduction in planting area will increase import demand, many people expect cotton imports in China to decline for the third consecutive year in 2014/15, which may be as low as USDA's current forecast of 8 million packages.

To sum up, China

Imports may fall to the lowest level in eight years, making international cotton exporters frustrated.