553 days ago • Posted by William Ramstein

China to import more cotton as bans on Xinjiang cotton increase

Extra cotton import quotas this year could return to the 2019 level of 800,000 tons with an increased requirement for high-quality fiber. The government issued 400,000 tons of extra quotas in 2020, and has not so far issued any for 2021. Consumption of Xinjiang cotton could drop by as much as 20% as the export outlook for products containing cotton from the region is not very bright.

Source: Bloomberg