AIRLINK 73.00 Decreased By ▼ -2.16 (-2.87%)
BOP 5.35 Decreased By ▼ -0.10 (-1.83%)
CNERGY 4.31 Decreased By ▼ -0.08 (-1.82%)
DFML 28.55 Increased By ▲ 0.91 (3.29%)
DGKC 74.29 Increased By ▲ 2.29 (3.18%)
FCCL 20.35 Increased By ▲ 0.06 (0.3%)
FFBL 30.90 Decreased By ▼ -0.15 (-0.48%)
FFL 10.06 Increased By ▲ 0.09 (0.9%)
GGL 10.39 Increased By ▲ 0.12 (1.17%)
HBL 115.97 Increased By ▲ 0.97 (0.84%)
HUBC 132.20 Increased By ▲ 0.75 (0.57%)
HUMNL 6.68 Decreased By ▼ -0.19 (-2.77%)
KEL 4.03 Decreased By ▼ -0.17 (-4.05%)
KOSM 4.60 Decreased By ▼ -0.17 (-3.56%)
MLCF 38.54 Increased By ▲ 1.46 (3.94%)
OGDC 133.85 Decreased By ▼ -1.60 (-1.18%)
PAEL 23.83 Increased By ▲ 0.43 (1.84%)
PIAA 27.13 Decreased By ▼ -0.18 (-0.66%)
PIBTL 6.76 Increased By ▲ 0.16 (2.42%)
PPL 112.80 Decreased By ▼ -0.36 (-0.32%)
PRL 28.16 Decreased By ▼ -0.59 (-2.05%)
PTC 14.89 Decreased By ▼ -0.61 (-3.94%)
SEARL 56.42 Decreased By ▼ -0.91 (-1.59%)
SNGP 65.80 Decreased By ▼ -1.19 (-1.78%)
SSGC 11.01 Decreased By ▼ -0.16 (-1.43%)
TELE 9.02 Decreased By ▼ -0.12 (-1.31%)
TPLP 11.90 Decreased By ▼ -0.15 (-1.24%)
TRG 69.10 Decreased By ▼ -1.29 (-1.83%)
UNITY 23.71 Increased By ▲ 0.06 (0.25%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 7,434 Decreased By -20.9 (-0.28%)
BR30 24,206 Decreased By -44.4 (-0.18%)
KSE100 71,359 Decreased By -74.1 (-0.1%)
KSE30 23,567 Increased By 0.5 (0%)
Markets

Sinograin sees China 2020/21 cotton output at 5.95mn tones

  • The number is slightly higher than a 5.91 million tonnes forecast for the September-August crop year from China's agriculture ministry earlier this month and up from an estimated 5.8 million tonnes in 2019/20.
  • Top cotton consumer China has "expanded its import channels and strengthened cooperation with important cotton-producing countries such as Brazil and India to ensure stability of the domestic cotton supply chain," it added.
Published March 24, 2021

China Grain Reserves Group Ltd, known as Sinograin, sees the country's cotton output totalling 5.95 million tonnes in 2020/21, the official Xinhua news agency said on Wednesday.

The number is slightly higher than a 5.91 million tonnes forecast for the September-August crop year from China's agriculture ministry earlier this month and up from an estimated 5.8 million tonnes in 2019/20.

With China's total cotton demand in 2020/21 set to reach 7.8 million tonnes, there will be an annual supply deficit of about 1.85 million tonnes, Xinhua said on social media platform Weibo, citing Sinograin.

Top cotton consumer China has "expanded its import channels and strengthened cooperation with important cotton-producing countries such as Brazil and India to ensure stability of the domestic cotton supply chain," it added.

Cotton from Xinjiang, which has been banned by the United States amid allegations of forced labour denied by Beijing, is seen at 5.2 million tonnes in 2020/21, accounting for 87% of China's total production, Xinhua added.

Comments

Comments are closed.