Source: SUCCESSFUL FARMING, 8/10/22

Rising costs and increasing competition will, in coming years, reduce the dominance that China has enjoyed in the cotton industry since joining the WTO in 2001, said an Agriculture Department report. China is the world’s largest cotton grower, importer and consumer at present, but other Asian countries are growing in importance as importers. At the end of this decade, Vietnam, Bangladesh, Indonesia, Turkey and Pakistan would account for a combined 47% of world cotton imports, according to USDA’s long-term baseline. China’s share would be 24%, about the same as in recent years.

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