The ‘China-Middle East and North Africa International Trade Digital Expo 2022’, sponsored by the China Council for the Promotion of International Trade
Extreme weather, US trade sanctions and global recession fears are disrupting the global market for cotton just as China’s Xinjiang region begins its harvest.
US’ boycott of Xinjiang cotton looks to reshape the global textile supply chain by isolating China, but suppliers in places such as Vietnam and Bangladesh could face setbacks as they shift away from such a major source of cotton.
To help stabilise China’s reeling cotton industry, the state will begin stockpiling Xinjiang cotton from mills on Wednesday – its first such purchases in 15 months – but mills still expect to lose a fortune.