China decide on not increasing cotton import quota beyond 894,000 tonne next year

Related Keywords: Chinese cotton industry, cotton import quota, cotton yarn, domestic cotton production, domestic price, domestic textile enterprises, ginned cotton, NDRC, subsidize farmers, WTO

Beijing
China decide on not increasing cotton import quota
Summary: 
China’s domestic cotton output this year is projected to reach 6.5 million tonnes,, down by 500,000 tonnes from the previous year, while demand will be around 8.5 million tonnes, resulting in a supply gap of 2 million tonnes.

China’s domestic cotton output this year is projected to reach 6.5 million tonnes,, down by 500,000 tonnes from the previous year, while demand will be around 8.5 million tonnes, resulting in a supply gap of 2 million tonnes.

To control import of cotton yarn, China has decided not to increase its cotton import quota next year beyond the 894,000-tonne quota it promised when joining the World Trade Organization and also to guide domestic textile enterprises to use more homegrown cotton.

http://shanghaidaily.com/article/article_xinhua.aspx?id=242362
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