February 22, 2012

China's January cotton imports fall 16% on-year

China has imported 326,444 tonnes of cotton in January, 16% lower compared with the same month for 2011, according to the General Administration of Customs on Tuesday (Feb 21).

The imports last month slumped about 59% from the previous month.

The Spring Festival holiday (January 22-28) was a major factor for the decline in cotton imports as many processing mills closed businesses during the holiday, some analysts said.