Cotton prices have fallen sharply. In 2015/16, the price gap between the two widened further, with polyester prices from 52 cents/lb in August 2015 to 43 cents/lb in January 2016 and an average of 48 cents/lb in the first half of 2015; Over the same period, the Cotlook A index averaged 70 cents/pound, with the higher price at 74 cents/pound and the lower price at 66 cents/pound. When polyester prices fell sharply, cotton's market share was hurt. China's cotton consumption is expected to shrink by 5 per cent to 7.1 million tonnes in 2015/16. Global consumption is expected to be 24.1 million tons, down 1% year on year; India's consumption is forecast at 5.5 million tonnes, up 2%; Pakistan consumed 2.2 million tonnes, down 12%; Turkey's consumption remained at 1.5 million tons, and Vietnam is expected to increase to 1.1 million tons, an increase of 22%. Bangladesh 1.1 million tons, up 13%.
    If China's cotton consumption declines and domestic cotton prices decline, China's cotton imports will be further reduced, and it is expected that China's cotton imports in 2015/16 will be 1.08 million tons, a reduction of 40% year-on-year. If Vietnam imports keep flowers from importing countries. According to statistics, in the first four months of the 2015/16 year, Vietnam imported 327,000 tons of cotton, and China imported 247,000 tons. Vietnam is expected to import 1.1 million tons this year, an increase of 17%; Bangladesh is expected to import 1.08 million tons, up 12%. Due to low cost advantages, Vietnam and Bangladesh consumption momentum to maintain no cotton production, mainly rely on imports to meet demand.
    500,000 tons, a year-on-year decrease of 7%, inventory consumption ratio of 81%. The decrease in ending inventories was mainly due to the decrease in global production and the increase in consumption. Affected by low cotton prices, the global cotton planting area decreased in 2015/16, with an estimated area of 31.1 million hectares, down 9% from the previous year. Adverse weather conditions and pests are expected to reduce global yield by 6% to 723 kg/ha; Global production is expected to be 22.5 million tonnes, down 14% year-on-year. Among the world's top 10 cotton producers, China, the United States and Pakistan have all declined in production this year.