Attaché Reports (GAIN)
Post estimates Vietnam’s cotton imports for marketing year (MY) 2018/2019 down to 1.51 million metric tons (MMT), or 6.9 million bales, due to lower demand for cotton yarns from major importers, including Turkey, South Korea, and Hong Kong. For MY19/20, FAS/Vietnam revises its primary forecast of 7.6 million bales down to 7.2 million bales due to global economic uncertainties, including trade tensions between the United States and China. U.S. cotton continues to be the leader in Vietnam’s cotton import market, accounting for nearly 55 percent of all imports in MY18/19, with this market share continuing in MY19/20.
Vietnam: Cotton and Products Update
Source: USDA-FAS