This year Chilean cotton imports or less than 3265 tons

In February 2010, the worst earthquake in the history of Chile’s country led to a major setback in the textile industry. From then on, the monthly imports of cotton for 16 consecutive months decreased year-on-year. In May of this year, the country’s cotton import volume hit a record of zero for the first time in more than 20 years. As of this month, the cumulative import volume was only 1,611 tons. At present, the United States Department of Agriculture (USDA) has reduced its annual cotton import forecast to 3,265 tons. To achieve this forecast, the average monthly import volume in the next two months will reach 827 tons. In addition, considering that Chile does not produce cotton in its own country, it can only meet the demand through imports, and the cotton stocks in the textile mills are currently in a depleted state. Therefore, if the country’s cotton imports reach less than 3,265 tons this year, the factory consumption will also be unable to It reached 4354 tons forecasted by the USDA. From the current situation, the USDA is likely to reduce this year's Chilean cotton imports and factory consumption forecast.