China cotton consumption assessment

China cotton consumption assessment
The resumption of cotton yarn mills, the largest cotton consumer, continued to improve in Mar. From mid-Mar, cancellation in textile and apparel export orders was seen, but not many cotton yarn mills suspended operation or cut production immediately, and most of them could maintain the operation. But affected by the pandemic, consumption of cotton has reduced much year on year. According to CCFGroup, China cotton consumption is assessed at 612kt in Mar, up 83.7% month on month, but down 16.7% year on year. In the first quarter of 2020, cotton consumption is assessed at 1.408 million tons, a fall of 27.5% year on year. In 2019/20 season (from Sep 2019 to Mar 2020), cotton consumption is assessed at 4.182 million tons, down 14.5% year on year.