required report public distribution date 5 19 2006 gain number hk6013 hk6016 hong kong cotton and products annual approved by david wolf us consulate prepared caroline yuen highlights the is largest supplier of for market in my 2004 exported 60 million worth to occupying a volume share 77 percent however between august 2005 march import was drastically reduced 51 there were two primary reasons first shipment deliveries greatly affected hurricanes last year second india has had abundant price competitive readily available export may face great challenge near future because expected increase exports elimination step 2 program spinners find it difficult afford higher priced prevailing low yarn prices which result from severe competition supplies throughout region as such