China's cotton imports down 39% in 2016

Meanwhile in December, the China Cotton Association and the small cotton-padded cotton professional cooperatives conducted a survey on the picking and selling of 2,751 fixed-point farmers in 13 provinces and urban areas, and verified the cotton production in Xinjiang and other provinces. The cotton production in Xinjiang was 3.95 million tons, an increase of 10.65 per cent. The national cotton output was adjusted to 4.397 million tons, an increase of 2.4 per cent compared with the same period of last year.

According to the surveyed cotton farmers, 96.13 per cent of all cotton picked had been sold at an average price of 6.99 yuan/kg, up 31.1 per cent.

At the end of December, Hami, Bachu, Aksu, Yili and other cotton areas announced subsidies, and some farmers began to apply for the first batch of subsidy amount of 0.5 yuan/kg. (RKS)

ALCHEMPro News Desk – China