In later June, in order to meet the needs of textile produce and stability cotton market, the relevant departments issued additional sliding duty import quotas, so the import quotas volume for this season reached 3.6 million tons. Near the end of crop season, the U.S. Department of Agriculture (USDA), and orther organs further reduced global stocks, international spot supply continued declining, cotton prices hit a new season high. China\'s cotton imports in June continued declining, mainly were the United States cotton, the proportion over more than half, a substantial decline in the proportion of cotton in India that has been out of the top five, others were more scattered.
According to the statistics of General Administration of Customs, China imported 177,000 tons raw cotton in June 2010, down by 10.5% from last month, up by 5.1% year-on-year. The average import price is 1,834 U.S. dollars / ton, up by 2.7% from last month, up by 41% year-on-year. First ten months of the 2009/10 season, China total import cotton 2.096 million tons, a increase of 73.9%.
In that month, the Ordinary Trade import 83,000 tons, account for 46.8%, up by 48.2% from last month; the Processing with Imported Materials accounts for 34.1%, up by 17.7% from last month; the Bonded Warehouse Re-export Goods accounts for 11.7%, down by 61.9% from last month; the Bonded Warehouse Exit and Entry Goods account 7.4%, the Processing with Supplied Materials are less than 0.01%.
The highest average price is the Processing with Supplied Materials at 4,000 US dollar/ton, the Bonded Warehouse Re-export Goods at 1,895 US dollar/ton, the Bonded Warehouse Exit and Entry Goods at 1890 dollar/ton, the Processing with Imported Materials at 1,839 dollar/ton, the Ordinary Trade at 1,805 dollar/ton.
On the origin country, U.S.A. still is the No.1; because the quantity from India declined, Uzbekistan turned to No.2. In June, China import U.S.A. cotton 90,800 tons cotton, up by 12.4% from last month; Uzbek 29,000 tons; Australia 23,000 tons; India 6,947 tons.
On the price, the Australia still is the highest at 1,925 dollars / ton, USA at 1,835 dollars / ton, India at 1,812 dollars / ton.