Chinese cotton imports in December were down 29% year on year, as demand from the world’s largest cotton consumer remains low. The Chinese trade website Cncotton.com said the country’s imports stood at 188,200 tonnes in December.
And concerns are growing that further attempts by the Chinese government to reduce its cotton stockpiles could push down demand for imports of the fibre even further.
The December numbers leaves imports for the 2015 calendar year at 1.48 million tonnes.
The US Department of Agriculture has forecast Chinese imports across the 2015-16 marketing year, which runs to August, at 1.2m tonnes.