Indonesia's cotton imports decreased significantly in October

According to foreign reports, the downturn in downstream demand and high import costs have led to a significant reduction in Indonesia's raw cotton purchases. According to the latest data, Indonesia’s imports of US cotton fell to 2,594 tons in October this year, a year-on-year drop of 62.8%, a double-digit decline for the sixth consecutive month. Fu Sitong Company believes that Indonesian textile mills accustomed to using US cotton may purchase other low-priced varieties due to high US cotton prices. The consumption of cotton in 2011/12 is expected to decrease to about 400,000 tons, which is the lowest in 20 years. Level.