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As the world's largest buyer of cotton and soybeans, China has replaced Canada as the largest export market for US agricultural products, according to a report released by the US Department of Agriculture (USDA) earlier this month.
"With the recent large purchase, the import market share for US cotton is expected to further expand," she said.
"In addition, China had a bumper cotton harvest this year,ralph lauren, so it remains uncertain whether imports from the US will increase," Gao added.
"We are very optimistic about China's retail market,louboutin pas cher," she added.
In October, China imported 252,abercrombie and fitch,000 tons of cotton, practically unchanged from September, according to a statement on the CCA website.
During the first nine months of the year, global cotton imports to China declined to 1.9 million tons, a fall of 9.7 percent year-on-year,christian louboutin, according to data from China's General Administration of Customs. About half of those imports came from the US, according to Malmstrom.
"According to one of our surveys, we are seeing a growing middle-class in China that is willing to pay more for cotton," Malmstrom said during a promotional campaign on Tuesday.
Ma Wenfeng, a senior analyst at Beijing Orient Agribusiness Consultant Ltd, said the volume of cotton imports this year is likely to remain unchanged from last year.
China bought 996,100 bales of cotton from the US two weeks ago,beats by dre, the largest weekly purchase in eight years, according to data from the USDA.
BEIJING - Prompted by booming domestic consumption, China may import more cotton from the United States this year,casque beats, said Karin Malmstrom, China director of Cotton Council International (CCI), the export promotion unit of the US National Cotton Council.
In reality, things may not be so straightforward. China's cotton imports depend largely on the health of its textile industry. More than 40 percent of China's cotton imports are re-exported as textile products every year,casque dr dre, according to industry analysts.
2011-11-18 08:07:37.0Zhou SiyuCotton imports may rise this year, says CCI,,Cotton imports,louboutin,US National Cotton Council,China's Cotton Council International,abercrombie france,China Cotton Association,11020264Economy2@webnews/enpproperty-->And as the developed economies struggle with debt crises and high rates of unemployment,louboutin pas cher, "Chinese textile companies are not very optimistic about the export market", said Gao Fang, executive vice-president of the China Cotton Association (CCA).
"The price of cotton in the global market will remain stable for the time being, thanks to the worldwide harvest," he said.
China's cotton harvest this year is expected to jump by 9.3 percent from last year to 7.28 million tons, according to a CCA forecast in October.
相关的主题文章： World badminton aces Lee Chong Wei of Malaysia and Taufik Hidayat from Indonesia share a smile during the press conference to announce the opening of the 2011 Macao Grand Prix badminton tournament November 28, Monday. The six-day tournament will kick off on Tuesday in Macao and 299 players from 24 countries will be playing. [Photo/Xinhua]
