Cotton Imports May Be 40% Less Next Year

摘要

China consumes a third of the world's cotton,but may import 40% less of the fiber next year on expectation that domestic production will reach a 20-year high,the U.S.Agriculture Department said.Imports may decline to 1.1 million tons,or 5 million bales,in the year beginning on August 1st,the Department's Foreign Agricultural Service said in a report.Imports are expected to more than double to 1.83 million tons in the current marketing year,the report said.