China’s cotton import this season is expected to achieve the best stage in 7 several years. Moreover, China’s consumption is expected to recuperate 5.5 million bales from the prior year and achieve 38.5 million bales, accounting for more than 1-third of entire world use in 2020-21, the Overseas Agricultural Assistance of the US section of agriculture (USDA) explained in its January 2021 report on ‘Cotton: Globe Markets and Trade’.
The demand from customers for US cotton in China has been primarily led by the Condition Reserve and Condition-owned Enterprises (SOEs),