China: Cotton and Products Annual
Link to report:
Posts forecasts MY 25/26 cotton production at 6.35 million metric tons (MMT) on stable planted area and a return to normal weather conditions. Imports are forecast at 1.55 MMT and domestic consumption at 8.15 MMT. Post revised up its estimate for MY 24/25 cotton production to 6.81 MMT. MY 24/25 imports are revised down to 1.40 MMT, as a glut of domestic cotton and high MY 23/24 imports are reducing demand for imported cotton. Beijing’s imposition of 140 percent tariffs on U.S. cotton will all but stop further imports from the United States.
