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1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:April 23,2025 Report Number:CH2025-0087 Report Name:Cotton and Products Annual Country:China-Peoples R

2、epublic of Post:Beijing Report Category:Cotton and Products Prepared By:FAS China Staff Approved By:Adam Branson Report Highlights:Posts forecasts MY 25/26 cotton production at 6.35 million metric tons(MMT)on stable planted area and a return to normal weather conditions.Imports are forecast at 1.55

3、MMT and domestic consumption at 8.15 MMT.Post revised up its estimate for MY 24/25 cotton production to 6.81 MMT.MY 24/25 imports are revised down to 1.40 MMT,as a glut of domestic cotton and high MY 23/24 imports are reducing demand for imported cotton.Beijings imposition of 140 percent tariffs on

4、U.S.cotton will all but stop further imports from the United States.2 FAS China provides this analysis and reporting as a service to the United States agricultural community,and to our farmers,ranchers,rural communities,and agribusiness operations in support of a worldwide agricultural information s

5、ystem and a level playing field for U.S.agriculture.Executive Summary Post forecasts MY 25/26 cotton production at 6.35 MMT,down five percent on a return to trend yields after last seasons excellent weather.The Chinese government will continue its target price-based subsidy for Xinjiang cotton to ma

6、intain planted area and production in that region for 2025.In contrast,production outside Xinjiang is expected to decline further due to limited subsidies,lower cotton prices,reduced quality,higher input costs,and competition from alternative crops.Cotton consumption for MY 25/26 is forecast at 8.15