Affected By The New Crown Epidemic, The Export Of West African Cotton Fiber To China Dropped Sharply
On July 1, the International Cotton Advisory Committee (ICAC) disclosed in its monthly announcement that from August 2019 to April 2020, the cotton fiber export volume of West African countries to China was only 53000 tons, a significant decrease of 48% compared with 101000 tons in the same period of last year.
The committee said that China is the world's largest cotton consumer, and in the context of the new crown epidemic, China's textile industry demand slowed down, which is the main reason for the sharp decline in West Africa's exports to China. In addition, China and the United States reached the first stage trade agreement in January this year, and the pace of US exports to China accelerated from March to April, which also brought troubles to African exporters to a certain extent.
According to ICAC's earlier forecast, the cotton fiber output of West Africa in 2019-2020 will be about 1.3 million tons, of which the export volume to China can reach 1.1 million tons. ICAC pointed out that since 2018, the cotton industry has been under the dual pressure of long-term consumption decline and price decline, and the new crown epidemic situation has added new challenges to the industry.
It is estimated that the global cotton production in 2019-2020 will be 26.1 million tons, and the total consumption in the same period will be 22.5 million tons.
Note: the business office of the Chinese Embassy in Mali was compiled according to the report of Malian independent on July 6, 2020.
- Related reading
Shenzhen Textile A (000045): The Pre Profit In The First Half Of The Year Was 690000-1030000 Yuan, With A Year-On-Year Decrease Of 86.85% - 91.19%
|
The New York Fashion Week Will Be Held Online On September, And The Schedule Will Be Shortened To Three Days.
|
- Dialogue column | Exclusive Interview With Mr. Zhou Shikang, Dean Of Hong Kong Institute Of Fashion
- Management strategy | Who Can Get The Heart Of Generation Z
- Shoe Express | Aj1 Low Shoes New "Quai 54" Theme Color Exposure, Eye-Catching
- Fashion brand | Enjoy The New Look Book Of Ambush 2020
- Market trend | Weak Market, Lack Of Consumer Confidence, Fashion Brand Orders Continue To Shrink
- Market trend | Another Big Retailer In The United States Is Facing Bankruptcy, And Adinike Can'T Bear It
- Standard quality | Beijing: Disneyland And Antarctica Are On The List
- Market topics | Caprolactam Semi Annual Report In 2020: Value Return After Oversold In The First Half Of The Year
- Recommended topics | City Beauty Refutes Rumors, Denies 90% Of Store Closures And Will "Start A Second Business"
- Fabric accessories | Obvious Wait-And-See Attitude In The Downstream -- Daily Chemical Fiber Market Express (7.7)
- What Are The Causes Of Stripe Shadow, White Star And Color Flower In Polyester Cotton Blended Fabric?
- Try To Control The Production Cost Consciously!
- From January To May This Year, The Total Economic Output, Industry Investment, Export And Enterprise Profits Of China'S Textile Industry Showed Negative Growth Year On Year
- Dismantling The "Market Path" Of Northward Funds: Rush To Collect 10 Billion Yuan And Add 3400 Points To Brake "Sudden Change Of Painting Style"
- June Sales Good, Listed Pig Enterprises Report "Outbreak" Mixed With Long And Short Factors, Board Valuation Showed Signs Of Fatigue
- 258 Illegal Platforms Exposed By China Securities Regulatory Commission
- Arthur X Afix Works CO Branded Novablast
- Transformation Of Financial Printing Under Paperless Audit: Home Of Securities Companies
- Regulatory Authorities Strengthen Intermediary Accountability And Many Securities Companies Are Punished For Illegal Bond Underwriting Business
- Increase Energy Consumption To 5.57% This Year