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Bangladesh 丨 American cotton tariffs were imposed on China's cotton import opportunity - a lot Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-22
According to media reports, China's influence on American cotton imposing a 25% import tax, cotton imports will therefore greatly benefit from Bangladesh. Cotton association believes in Bangladesh, because the Chinese cotton imports, ICE futures fell to 70 - likely 75 cents, that would make the increase in the number of American cotton resources in the market. If a trade war with China to fight and continue for a period of time, will be conducive to Bangladesh more convenient purchase of cotton. This year, the association said, the United States, India, Africa and central Asia basic normal weather, crop yield will continue to be a very high level, international cotton prices to rise. Textile mills in Bangladesh thinks, it is difficult to judge a trade war with China in Bangladesh actual influence of cotton imports, but Chinese cotton tariffs will undoubtedly bring cotton prices downward pressure.
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