Tuesday, March 13, 2012

China: Cotton Imports at All Time High

January-March 2004 statistics from east China's Jiangsu Province Import-Export Commodity Inspection and Quarantine Bureau show that the province's cotton imports sharply increased by 79.8% from the year before to 66,335.81 tons in 178 batches. The value grew by 174.6% to US$106 million.

However, quality was a problem. As a result, local cotton textile enterprises have received claim indemnities totaling US$1,885,340, accounting for 88.9% of last year's total.

The rate of substandard grade imported cotton, and short weight respectively reached 14.5% and 1% during the quarter, up 7% and 0.22% from the same 2003 period, according to bureau officials.

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