China begins to unwind cotton stockpiling
31/03/2014
China’s National Cotton Reserves is to cut the price of domestic cotton and will offer 200,000 tonnes of higher-quality, imported fibre for bidding weekly, as the country moves to cut its stockpile. The world’s biggest user of cotton holds 60% of global cotton as part of a programme to support mills but which led to inflated prices. Mills were...
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