China: Cotton and Products Update

  |   Attaché Report (GAIN)   |   CH2024-0115

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China: Cotton and Products Update
Forecast MY 24/25 cotton production is 5.9 million metric tons (MMT), unchanged from the previous report and the estimate for MY 23/24. A marginally higher yield estimate of 2,014 kg/Ha offset a slightly lower planted area unchanged from the previous report at 2.93 million hectares (MHa) on lower cotton profits in regions outside Xinjiang in MY 23/24. Consumption for MY 23/24 and MY 24/25 remains unchanged at 8 MMT and 8.2 MMT, respectively, from Post’s previous report. Despite relatively stable to declining cotton prices in MY 23/24, growth in cotton usage remained weak due to stagnant demand from downstream industries, a result of a slow recovery of domestic and overseas demand.
East Asia and the Pacific, China
Cotton and Hemp, Cotton

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