China: Cotton and Products Annual
Marketing year (MY) 23/24 cotton imports are forecast at 1.8 million metric tons (MMT) on higher domestic demand for textile and apparel products and higher spinning demand. Production for MY 23/24 is forecast at 6.1 MMT on declining planted area in Xinjiang. Production for MY 22/23 is raised to 6.4 MMT on higher planted area in Xinjiang that was spurred by domestic cotton prices exceeding the target price-based subsidy in place during the planting season.
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