China's cotton imports declined significantly in January 2012 and average price continued to fall.
China imported 326,500 tons of cotton in January 2012, down 463,900 tons from the previous month, or a massive 58.7 percent.
It also represented a decrease of 64,000 tons from the same time last year, or a drop of 16.6 percent, according to customs statistics.
Average import price stood at US $2,401 / ton, down US $75 or 3 percent from December, representing a decrease of 15.3 percent year on year.
Between September 2011 and January 2012, China imported 2 million tons of cotton, an increase of 724,000 tons over the same period last year, or 56.7 percent year on year.
Fibre2fashion News Desk - China
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