India gains USAs share in cotton exports to China
The Dollar Business Bureau | @TheDollarBiz USA’s share in the Chinese cotton import market is the lowest in a decade, while India’s share is the highest in nearly two decades, according to a report by the US Department of Agriculture (USDA). China plays a vital role in the world cotton market. China is not only the world’s largest producer and consumer of cotton, it is also the top importer (accounting for about 34% of global cotton imports) and holds an estimated 60% of global cotton stocks. On the supply side, USA is the top exporter of cotton, exporting around 80% of the 2.8 million tonnes of cotton produced in the country or 25% of global cotton exports. USA ...
