China: Cotton and Products Update

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英文名称：

China: Cotton and Products Update

来源地址：

https://www.fas.usda.gov/data/china-cotton-and-products-update-15

年份：

2022

出版地：

Washington, DC, USA

语种：

English

摘要：

Estimated cotton imports for marketing year (MY) 22/23 are reduced to 2.2 million metric tons (MMT) on high carry-in stocks and higher domestic production. MY 22/23 production is increased to 6 MMT on higher yields in Xinjiang. China’s slowing economy and weak domestic demand reduced cotton use in MY 21/22 to 8 MMT and lowered imports to 1.76 MMT. On July 13, 2022, the state reserve announced plans to purchase up to 0.5 MMT of MY 21/22 Xinjiang cotton. As of the end of July, ginner stocks of MY 21/22 cotton were estimated at 2 MMT, much of it priced above market.